The question of what makes up talent is a somewhat vexing one. Genius is one thing, but talent is something else. A company can be founded by a genius, but it takes people with talent to keep it running.Executive SummaryWhile a lot has been written about the need for insurers to attract younger professionals to the industry, retaining older workers may be equally important, according to German academics who have found that when it comes to performing complex insurance industry tasks, productivity increases with age.
Anyone involved in insurance knows that there has been talk for some time now of an upcoming shortage in talent in the insurance industry itself, as one generation retires and another generation doesn’t quite step up.
It’s a worldwide problem that doesn’t just affect insurance. The baby boomer generation has entered retirement age, and as they start collecting their pensions, insurance firms have been collecting résumés in their search for replacements.