The insurance industry stands at the cusp of a growing talent crisis. Nearly half of insurance professionals will be retired or on the verge of retirement within the next 15 years. To remain fully staffed, the industry needs to fill 400,000 open positions by 2020. Unfortunately, graduates from risk and insurance programs currently meet only 10 to 15 percent of this growing need. Adding to the challenge is the reality that less than five percent of Millennials are interested in working in insurance.
We’ve all heard the stories: Gene Simmons and his $1 million tongue, Mariah Carey and her $1 billion legs, and Julia Roberts and her $30 million smile. In the world of insurance, celebrities top the list of outlandish policies, but what about insurance in athletics?
The business world as we know it is changing. Etsy has transformed the handmade marketplace, allowing artisans and crafters to sell products to a global, online audience. Uber has single-handedly turned the taxi industry on its head with its groundbreaking rideshare application. Rent the Runway now allows individuals to rent designer gowns and accessories for a fraction of the cost. But what do these changes mean for the insurance industry?
Topics: Labor Market
2016 is poised to be a year of rapid change and innovation within the insurance industry talent market. From the rise of flexible work options to the growing analytics revolution, the industry continues to be influenced by a number of key emerging talent trends. Here are the eight top insurance industry trends for 2016.
This blog entry is part one in Jacobson’s Insurance Recruitment and Selection series, which provides insights into updated recruitment and selection processes and strategies for the modern workplace.
Do any of these situations sound familiar? Open enrollment is right around the corner and you need customer service representatives, stat! Recent company turnover has you scrambling for a new underwriter. Your Chief Financial Officer is retiring and you need to find a replacement immediately.