Insurance Industry Struggling With Talent Gap

There is a huge talent gap in the insurance industry, with more jobs available than there are workers to fill them. Yet not many students are pursuing careers in insurance. Why is that? According to the Bureau of Labor Statistics, the median age of insurance industry workers in 2013 was 44.7 years old; for all industries, it was 42.4 years old. Of the 2,639,000 insurance industry workers, only 131,000, or roughly 5 percent, were 20 to 24 years old. In contrast, 640,000 insurance industry workers were age 55 or older, which means roughly one quarter of these workers are nearing retirement.