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. 

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access