You are here:HomeNews CenterInsurance News2018P&C Execs Try a Little Fun and Face Time to Recruit Millennials

P&C Execs Try a Little Fun and Face Time to Recruit Millennials

Efforts aimed at aimed at Millennials and Gen Z students.
November 26, 2018

Connecticut Insurance Commissioner Katharine Wade discussed in a recent interview the importance of encouraging young people to get involved in insurance. Among other things, she recently participated in an actuary boot camp. “It is exciting to see these young people, especially young women, show interest in actuarial science and [in becoming] actuaries,” Wade said. She noted that the Connecticut Insurance Department’s financial regulation division was reorganized to prepare for the next generation of career staff, adding that the National Association of Insurance Commissioners’ State Ahead strategic plan is part of this initiative as well.

The need to adjust the status quo is real, as the insurance sector is expected to have 400,000 open positions by 2020, according to U.S. Bureau of Labor Statistics data. To confront this challenge, insurers have formed The Insurance Careers Movement, a grassroots initiative started to recruit young people to the industry.

In June, the Movement launched a social media campaign asking industry executives to write open letters to college graduates and share career advice. New recruitment videos aimed at Millennials and Gen Z students actually featured their peer groups.

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