The insurance agency owner's problem with changing demographics is in some ways worse than other business owners across other industries because of the highly personal and technical nature of insurance sales. (Credit: freshidea/Adobe Stock)
The average baby boomer retired last year and in just seven short years, they will all be over age 65, according to the U.S. Census. This has a variety of implications for insurance agencies. How will this change their client base and their needs? What will the size of the personal lines market look like? And of course, what does all this mean for staffing?
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
