Five-star workplaces for new insurance pros

It's graduation season, which means a new crop of professionals will be entering the workforce – many of them with their eyes on a career in the insurance industry. Making the industry appealing to young job-starters is especially important now as the workforce ages. According to the U.S. Census Bureau, the number of people age 65 and older will nearly double over the next 30 years. The insurance industry is particularly affected by the number of Baby Boomers nearing retirement, and the U.S. Bureau of Labor Statistics predicts as many as 400,000 employees will retire from the industry over the next few years. The insurance industry is a major employer in the United States, and it encompasses a number of different careers. The Triple-I reports that in 2023, there were approximately 680,000 people employed in property and casualty insurance, 309,000 in reinsurance, 963,000 as insurance agents and brokers and 388,000 employed in other insurance-related activities. Not all insurance workplaces are created equal, though, and Newsweek recently partnered with intelligence firm Plant-A to compile their ranking of the best workplaces for new job-starters for 2024. In the slideshow above, we'll look at the six property and casualty insurance companies that received 5-out-of-5 stars in Newsweek's rankings.

Related:

• 2024 Insurance industry employment outlook
• A fresh approach to offboarding a generation of insurance professionals
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