insurance industry News

Millennial Says Individual Development Plans, Pay Incentives Nurture Younger Staff

The insurance and risk management fields are professions with legions of rapidly-retiring older employees, and they struggle to hire and keep promising new, and younger ones. How to accomplish this? Customized training is one way to do this, a millennial …

Insurance Industry to Gather in Awarding over $400,000 to Local Nonprofits at Horizon Award Gala in Los Angeles

Hundreds of insurance professionals and representatives from local nonprofits will convene on Thursday, March 16 for the Insurance Industry Charitable Foundation’s (IICF) annual Horizon Award Gala. Held at the Natural History Museum of Los Angeles, the IICF Western Division will …

Latest Industry Labor Study Points to Increased Job Opportunity

More than 66 percent of insurers intend to increase staff during the next 12 months, according to the latest iteration of the Mid-Year U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, a part of Aon …

IICF Study Finds Insurance Industry Making Strides Toward Gender Equality

The insurance industry is demonstrating significant progress when it comes to gender equality, according to 86 percent of women attending the Insurance Industry Charitable Foundation’s (IICF) 2016 Women in Insurance Conference Series. The study, which was conducted for the third …

Outgoing Kansas Commissioner Tenure Marked by Industry Growth

Kansas Insurance Commissioner Sandy Praeger says the insurance industry has grown from an $11 billion industry to a $17 billion one during the time she has been in office. Praeger, who chose not to run for re-election this year, began …

Insurance Industry Set to Experience a Major Talent Gap

In less than a decade, the insurance industry is set to experience a major talent drought when a large portion of baby boomers retire. According to Insurance Business America, one-quarter of the insurance workforce is set to retire by 2018. …

Survey Finds Insurance Industry Slow to Embrace Women

According to a recent Insurance Industry Charitable Foundation survey of over 800 female members of the insurance industry, just one quarter of respondents (26 percent) feel that the insurance industry is more embracing of women in leadership positions as compared …

The Future of Drone Use in the Insurance Industry

After a catastrophe hits, mobile units filled with adjusters are on site to evaluate property damage. Flash forward five years and an insured may never meet the property adjuster handling his or her claim. Instead, a drone is sent to …

Insurance Industry Response Expedited Earthquake Recovery: Marsh

The global insurance industry’s response to major earthquakes in Chile, Japan, and New Zealand played a significant part in each nation’s recovery process, according to new research published by Marsh. The Marsh Risk Management Research briefing, Comparing Claims from Catastrophic …

Insurance Sector Rounds Out 2013 With Significant Job Growth

Although the insurance industry got off to a rocky start in the beginning of 2013 by the end of the year the industry saw considerable in insurance job growth. InsuranceJobs.com, an insurance employment website for insurance professionals, provided an overview …