By 2018, we can expect 25 percent of the current insurance workforce to retire, creating 400,000 open positions for which there are no ready replacements.Executive SummaryAttracting, retaining and developing younger insurance professionals requires an understanding of their professional needs, as well as talent management best practices and innovation.
That is the first takeaway of the 2016 Insurance Industry Talent Trends report by the Jacobson Group, a report that would be more alarming if it did not confirm much of what we have long known about the state of the insurance talent pool: Insurance industry leaders are retiring and taking with them huge amounts of institutional—and industry—wisdom.