Did you know that new hiring in the property and casualty insurance industry is expected to exceed 420,000 jobs by 2020, according to a recent report from the Bureau of Labor Statistics? What’s driving this number?
Believe it or not, “Baby Boomer” retirements will be the driving force behind the bulk of this hiring. The number of “Boomers”, employees born in the late 1940’s or 1950’s, expected to retire over the next five years will exceed 275,000. That number represents more than 10% of the current 2.38 million employees in the P&C insurance sector and will have a profound impact for numerous firms across the country.
What does this mean for you? Assuming you’re not a “Boomer”, the hiring marketplace should be vibrant and healthy over the next several years. Throw in the life and health insurance industry, and the prospect of finding a position in any of these industries looks quite good.
– by Jim Roark, President of Premier Careers, Inc.