Ultimately, candidates are looking for stability and a company that can offer long-term growth. (Credit: Andrii Yalanskyi/Adobe Stock)
The U.S. Bureau of Labor Statistics forecasts that over the next 15 years, 50% of the current insurance workforce will retire, leaving more than 400,000 open positions unfilled. With less than 25% of the industry currently under the age of 35, the talent shortage is imminent. Rather than looking at the negative effects this could have, the industry has the potential to transform, especially in the property & casualty sector.
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