From Remote Work To DE&I: How Insurance Must Adjust To The New Normal

The insurance industry has a knack of retaining talent. According to a new report by Vertafore, titled ‘The Insurance Industry Workforce: A New Generation of Opportunity,’ the majority of industry workers, regardless of age group (baby boomers, Gen X, millennials, or Gen Z), see insurance as a long-term career.

Vertafore’s survey data shows positive commonalities in the generations seeing the opportunities and benefits of a career in insurance.

Baby boomers, Gen X, and millennials all ranked the ability to work directly with people in their communities as a top driver of job satisfaction, followed by the ability to be creative and maintain a healthy work-life balance.

Interestingly, more than two-thirds of baby boomers (67%) ‑ the highest percentage of all three age groups—ranked creativity and autonomy as the factors they liked most about a career in insurance, ahead of even compensation.

Furthermore, 86% of all respondents said they would highly recommend a career in the insurance industry to a friend.