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Future Shock: Recruiting the Insurance Industry’s Next Generation

Organizations devoted to recruiting and cultivating young talent are ensuring the industry's future and these efforts matter far more than you might think.

By Shawn Moynihan | Updated on April 20, 2014

As fulfilling as it is on multiple levels, a career in the insurance business is not one that most young people intentionally pursue. Ask anyone who’s spent more than a few years in the industry and they’ll tell you that they fell into it but that they truly enjoy it, and in many cases they’ll say had the benefit of a mentor who helped shepherd their career.

In the next seven to 10 years, more and more institutional knowledge will be lost from the insurance industry as much of its old guard turns its attention to other life interests. Whether it’s a producer passing his agency on to a successor, or a carrier executive or risk manager finally seeking retirement, many longtime professionals in this business will soon make way for a new generation of leaders. Yet recruitment efforts to attract and cultivate young talent have not kept pace with the number of top people in the insurance industry who will be making their exit within the next decade. 

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Shawn Moynihan

Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].

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