Profile of Young Agents

April 4, 2011

Older Side of Young
56.3% are 31 to 40 years old; 43.8% are 30 and under.

Career Choice
84.8% consider insurance to be a permanent career choice; 13.6% are unsure.

Experience
28.5% have less than three years in insurance; 23.6% have three to five years; 28.8% have six to 10 years; 19.0% have 11 or more years.

Education
65.2% have a college degree; 62.4% have completed or are working on an insurance designation.

Family Affairs
63.5% work in family-owned agencies.

Employment Status
12% presently are sole owner of an agency; 13% share ownership with a partner(s)

Ownership Dreams
79.8% do not presently own an agency; of these, 59.7% would like to own someday but just 40.3% report feeling very confident ownership dreams will come true

Working class
61.5% work between 41 and 55 hours a week.

Gender ID
Male 65.4%; Female 34.6%

Recruitment Target
53.5% have been offered a job by another agency.

Topics Agencies

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From This Issue

Insurance Journal Magazine April 4, 2011
April 4, 2011
Insurance Journal Magazine

Big “I” Issue (with Young Agents Survey), Entertainment / Sports / Special Events, Directors & Officers Liability