DigtialStorm / iStock
Re/insurance roles are changing and the industry will require a more diverse and tech-savvy set of skills and new talent to tackle the challenges of this evolving landscape, but a shortage of candidates has raised concerns around how to fill the approaching gap. Intelligent Insurer investigates.
The re/insurance industry is facing something of a branding issue when it comes to attracting young talent looking to enter the world of financial services.
In the US, around 400,000 professionals within the insurance industry are expected to retire in the next few years, according to the US Bureau of Labor Statistics.
Replacing them, one million millennials are entering the workforce each year in the US—by 2020 they are expected to account for 40 percent of its entirety—but they are not choosing to work in the insurance industry.
Lawes Consulting Group, London Market Group, Lloyd's, Chris Beazley, Steven Lawes,London, UK, US