The insurance industry is facing a talent shortage -- and it's getting worse. That's according to David E. Coons, SVP of the Jacobson Group, a research and executive search firm serving the insurance industry.
By 2018, 25 percent of insurance professionals are expected to retire, and the industry will need to fill 400,000 positions by 2020 to remain fully staffed, Coons says -- and recruitment and development has not kept pace.Insurance professionals are older and more tenured than the average worker, and a retirement and knowledge gap is growing, Coons adds.
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