CHICAGO – The latest iteration of the Semi-Annual U.S. Insurance Labor Outlook Study, conducted by The Jacobson Group and Aon plc, found 92 percent of respondents intend to maintain or increase staff in the next 12 months.
“Recruitment difficulty is still increasing in the insurance industry, driven by continued low unemployment, mass retirements and job growth incited by modernization efforts,” says Gregory P. Jacobson, co-chief executive officer of Jacobson. Though revenue growth rates are slowing slightly in the industry, study participants still reported relatively high expectations. “Overall, insurers remain optimistic.”
Some of the study’s key findings include the following:
For more highlights and commentary, download the full results summary and the recorded webcast here.
The insurance labor outlook study has been conducted semi-annually for 11 years. Collecting revenue and hiring projections from carriers across all sectors of the industry, it provides a valuable look at the insurance labor market outlook and hiring trends.
The study’s next iteration will occur in July 2020. To be notified when it opens, follow this link.
About The Jacobson Group:
The Jacobson Group is the leading provider of talent to the insurance industry. For nearly 50 years, Jacobson has been connecting organizations with insurance professionals at all levels across all industry verticals. We provide an array of services including executive search, professional recruiting, temporary staffing and subject matter experts. Regardless of the need or situation, Jacobson is the insurance talent solution. Further information is available at jacobsononline.com.
Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
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