Insurance Industry May See 1 In 4 Jobs Replaced By Automation By 2025

The age of automation is upon us. With technological advances set to affect up to 45% of all work activities in the United States, professionals in the insurance industry can expect significant disruption in the way they do business, a new report from the McKinsey Global Institute finds. According to the analysis, as many as 25% of full-time insurance positions could be consolidated or replaced in the next 10 years. The most at-risk positions include those in operations, administrative support, IT and product development, marketing and sales support.