2024 Insurance industry employment outlook

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“Talent, especially in skilled ‘judgment’ underwriting that’s not as reliant on automated underwriting tools, will be in high demand as more business moves to the excess/surplus lines sector,” says Nancy Germond, executive director of Risk Management and Education at the Big I®. (Credit: ink drop/Adobe Stock)

The insurance industry is in for a drastic change by 2028, with 50% of the workforce projected to enter retirement. That means millennials, Gen Z and those looking to change careers have a unique opportunity to join the insurance industry in 2024. Some of these jobs are more challenging to fill than others, but the outlook for insurance-industry employment looks good as 2023 winds down.

Available insurance jobs

“Talent, especially in skilled ‘judgment’ underwriting that’s not as reliant on automated underwriting tools, will be in high demand as more business moves to the excess/surplus lines sector,” says Nancy Germond, executive director of Risk Management and Education at the Big I®. “The need for skilled adjusters, especially on the property side, has probably never been greater.”

Findings in the 2019 Labor Market…

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