66% of Insurers Plan Increased Hiring Over Next Year: Study

August 22, 2016

More than 66 percent of insurance companies intend to increase staff during the next 12 months, according to a new midyear labor study.

That rate is the highest in the history of the study, The U.S. Insurance Labor Outlook Study, conducted by The Jacobson Group and Ward Group. The study has been conducted since 2009.

However, it’s not much higher. Last September, Jacobson and Ward reported that 65 percent of property/casualty insurance companies polled had plans to continue adding personnel, even while expecting a slowdown in business.

“The continued focus on increasing staff paired with mass retirements and virtually non-existent industry unemployment will only further interfuse an already challenging recruiting environment,” said Gregory P. Jacobson, co-chief executive officer of Jacobson,an insurance recruitment firm, in a statement with results form the most recent survey.

Some additional findings include:

  • Four percent of companies expect a decrease in staffing during the next 12 months.
  • Technology, claims and underwriter roles are expected to grow more than any other industry position during the next 12 months.
  • Executive, technology and actuarial positions are the most difficult to fill.

The survey collects revenue and hiring projections from organizations across all sectors of the industry, the survey provides a valuable look at the labor market outlook and hiring trends.

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Latest Comments

  • September 18, 2016 at 2:36 pm
    Martin Ridgers says:
    It is wonderful to read the increase and this is helping the younger generation as I and several others who have been released into the market are finding an age bias in the m... read more
  • August 28, 2016 at 7:52 pm
    UW says:
    So the companies with Millenials are making so much profit they can buy up the other companies? You must admit then that based on the free market Millenials are better employe... read more
  • August 27, 2016 at 8:49 pm
    UW says:
    That's unfortunate Sue, but maybe it's due to being in a small market. You are willing to telecommute, but most insurance companies are way behind the times in allowing that, ... read more

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