The highly complex inland marine insurance sector is finding a shortage of qualified practitioners, according to a new report by Conning Research & Consulting.
With expected increases in business volume within some of its sub-sectors and the pending retirement of its baby boomers, this niche market’s need to train a sufficiently large next generation of inland marine underwriters is well recognized in the industry, notes Conning. While some in the industry are taking steps to reverse the trend, many still face obstacles such as how to “bridge the generational divide to combine the best of the “old school” approaches to the inland marine craft with the tools of the current generation,” notes the report.
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