It’s no secret that companies—insurance companies included—are finding it increasingly difficult to fill crucial job positions. The National Association of Mutual Insurance Companies (NAMIC) President and CEO Chuck Chamness wrote of this recently and emphasized the need to attract a new generation of workers.
“It’s scary to think that by 2020—just three years from now—the insurance industry will need to replace nearly 400,000 positions,” wrote Chamness. “That number is staggering. And what’s more disturbing is many studies have found that the talent gap is the most critical issue we as an industry face.”
While insurance seldom carries a reputation of being exciting, those in the industry find it compelling, challenging and meaningful work. Interestingly, these are the very things important to millennials, a generation of tech-savvy, compassionate and talented professionals who make up the growing percentage of our U.S. workforce.
“Insurance is a great fit for aspiring young professionals who want to make a difference,” said Chamness. “Our industry has plenty to share. We provide highly competitive salaries; we provide job stability; we provide career advancement opportunities; and we are stellar corporate citizens.”
February is Insurance Careers Month and a great time to learn more about working in the mutual insurance industry. Give it some thought!