Insurance leaders from around the world discuss their challenges and opportunities in addressing the looming talent shortage faced by the industry. The special broadcast is the kickoff to the 3rd Annual Insurance Careers Month.
Margaret Resce Milkint, managing partner, Jacobson Group, said leadership among mutuals and other insurers has become more diverse.
Kim Smith, president and CEO, Indiana Farmers Mutual, said mutuals stress purpose, community and engagement, qualities that younger recruits find attractive.
As the insurance industry looks to a growing need for new talent, colleges and universities are helping to fill the gap. Panelists spoke with A.M. BestTV at the annual meeting of the National Association of Mutual Insurance Companies, held in Denver.
Shaun Tarbuck, chief executive of the International Cooperative and Mutual Insurance Federation, and his son, Patrick, discuss how the insurance industry is trying to attract younger talent and how those prospects view the industry.
Gil Hine, president, McClelland and Hine, said independent distributors in the excess and surplus market are focusing on how to best prepare for eventual agency succession.