CHICAGO – The 2022 Insurance Industry Succession Planning Study, conducted by The Jacobson Group, the leading provider of talent to the insurance industry, found 38% of respondents have no formal succession plans in place.
The 2022 Insurance Industry Succession Planning Study was conducted in September 2022 and measured the breadth and depth of carriers’ succession readiness across all organizational levels. Jacobson performed a similar, CEO-focused study in 2014 and 2016, in partnership with Carrier Management.
“For some organizations, succession planning was deprioritized as leaders focused on more immediate challenges brought on by the pandemic,” said Gregory P. Jacobson, co-chief executive officer of The Jacobson Group. “However, in today’s labor market, average tenures are shorter, qualified talent is in high demand and many leaders are reaching retirement. The results of our study provide a benchmark for insurers as they build out their succession plans and prepare individuals to advance into key roles.”
Here are some of the study’s key findings:
About The Jacobson Group:
The Jacobson Group is the leading provider of talent to the insurance industry. For more than 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.
The Jacobson Group
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