Instant Insights / 2021: Insurance trends and issues to watch

After a year as challenging as 2020, insurance professionals and insureds looking at 2021 with a positive outlook. But that doesn’t mean they are resting on their laurels. Now is the time for agents, brokers, and insurers to strategize for the months ahead. These articles provide insights into the insurance and risk management trends to keep top-of-mind this year.

Market Insights

Insurance employment off to a strong start in 2021

Relatively low unemployment and increased wages indicate stability in the insurance labor market this year.

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The insurance industry ended 2020 strong, with 4,900 new jobs added in December. (Photo: Dean Drobot/Shutterstock)

Employment in the U.S. dropped in December for the first time since April when the pandemic’s onset caused widespread layoffs and furloughs. Yet, despite the continued stress on the economy, the insurance industry ended 2020 strong with 4,900 jobs added in December, for a total of 26,400 net new jobs in 2020, according to the January edition of PULSE from The Jacobson Group.

Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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