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How insurance can recruit the next generation of talent

The dual challenges of an aging workforce and a need for more talent are particularly acute with insurance agents and brokers.

By Mary Ann Cook, CPCU | October 18, 2019 at 09:00 AM
Locking down millennial talent for the long haul has proven to be a difficult task for many businesses. (iStock) Locking down millennial talent for the long haul has proven to be a difficult task for many businesses. (iStock)

We’ve been talking about it for years, yet the problem still exists: Our industry needs more talented workers to join its ranks, with the skills to help solve increasingly complex business problems.

According to a recent survey of insurers, 95% currently have job openings, and 56% are planning to hire more than 50 employees within the next year. Add to this the challenges of an aging workforce. Approximately 25% of insurance professionals are expected to retire in the next several years, which will leave nearly half a million job vacancies by 2020.

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