There are two sides to the talent crisis, according to Zach Finn, professor and director of Butler University.
Speaking at a session on the next generation of captive leaders at Vermont Captive Insurance Association (VCIA) 2019 Conference, Finn suggested supply and demand are the two sides to the talent crisis.
Reflecting on the demand side, he said: “We have 295,000 positions that need to be filled by 2020 to 2022, that’s a lot of folks that we need to fill in the insurance industry.”
Speaking about the lack of insurance degrees, he explained: “It’s not that you have to have an insurance and risk degree to be a great insurance professional but if you can only replace a baby boomer with half a Gen X-er, we need a faster way to onboard this talent, and an insurance and risk management degree is really the best way to do that.”
While discussing the lack of insurance professionals, Finn added that the industry needs to create an awareness of how the insurance sector plays an important role in the economy.
