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The Jacobson Journal: An Insurance Talent Blog

February 2021: Labor Market Pulse

Posted by The Jacobson Group on Feb 10, 2021 8:00:00 AM

The insurance industry saw unemployment decline in January, starting the new year with a 2.2% unemployment rate. This is lower than 2020’s overall average unemployment rate of 3% and even January 2020’s 2.9% unemployment rate.

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Topics: Labor Market, PULSE

January 2021: Labor Market Pulse

Posted by The Jacobson Group on Jan 12, 2021 8:36:21 PM

In December, the U.S. economy saw total employment drop for the first time since April, following several months of slowed job growth. However, the insurance industry ended the year strong, adding 4,900 jobs in December, for a total of 26,400 net new jobs in 2020. Industry wages continued to increase year-to-year and insurance unemployment remained low, rising just 0.2 percentage points.

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Topics: Labor Market, PULSE

Insurance Recruiting Difficulty Remains High, Despite the Pandemic

Posted by The Jacobson Group on Aug 27, 2020 1:26:11 PM

The Q3 2020 Semi-Annual U.S. Insurance Labor Outlook Study results have been released. Conducted by The Jacobson Group and Aon plc, the study examines data collected on insurance industry hiring, as well as revenue trends and projections. It has provided valuable information to the industry for more than a decade. A few key insights from the most recent iteration of the study are highlighted below. To view the full report, click here.

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Topics: Labor Market, Recruitment, Insurance

Management Techniques for CAT Season Success

Posted by The Jacobson Group on Jul 20, 2020 7:44:01 AM

As we continue through CAT season in the midst of a global pandemic, being prepared for the unknown is more important than ever. In order to best accommodate unforeseen circumstances and increased workloads, claims departments are leveraging hybrid teams that include a variety of employment types, including full-time and part-time employees, as well as interim resources. However, for these teams to be truly effective, insurers must understand how to best manage their blended teams.

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Topics: Labor Market, Property and Casualty, Insurance, Talent

Impact of COVID-19 on Insurance Industry Hiring

Posted by The Jacobson Group on Apr 28, 2020 1:35:27 PM

The global business community is in a state of transformation, as organizations work to understand the impact of the coronavirus pandemic on their companies and industries. Recently, The Jacobson Group ran a study to uncover the initial effects of COVID-19 on the U.S. insurance industry’s labor market outlook. Our survey ran from March 31 to April 10, and was open to U.S. insurance carriers and reinsurers across all verticals.

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Topics: Labor Market