Insurance Industry Set to Experience a Major Talent Gap

Atlanta, GA (PRWEB) June 26, 2014

In less than a decade, the insurance industry is set to experience a major talent drought when a large portion of baby boomers retire. According to Insurance Business America, one-quarter of the insurance workforce is set to retire by 2018.

The Bureau of Labor Statistics anticipates over 200,000 new jobs within the insurance industry by 2022, with unemployment in the sector at less than half the national average.

The insurance industry, however, is struggling to meet the job demand. The average insurance professional is 45 years old, and only 5% of students within the millennial generation describe themselves as "very interested" in working in the industry, according to a 2012 study from the Griffith Insurance Education Foundation.

Experts anticipate the advancement in technology to further demarcate the talent gap, creating a significant need for skilled workers within technology-based insurance jobs such as customer service representatives, insurance sales agents, business analysts, claims adjusters, insurance underwriters and actuaries. IT professionals and employees who are very comfortable with a variety of technology are expected to benefit from the upcoming insurance boom.

About InsuranceJobs.com:
Established in 2006, InsuranceJobs.com is the leading insurance jobs website for insurance careers. Currently, the site has over 250,000 registered job seekers and 6,500 registered employers. Users can create a profile, upload their resume, apply to positions and engage in our social communities. Employers can post insurance job opportunities and browse a resume bank for applicants. Thousands of new insurance jobs are listed each month by geographic location and specialty, including: actuarial, adjuster jobs, agents, claims jobs, clerical, customer service, health, life, risk management, sales, investigators, insurance underwriters, workers compensation and more.

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