Job Report

 

Survey Reveals Record Hiring in Insurance Industry in 2018

Employers Share Recruiting Challenges and Solutions to Find Insurance Talent


DOWNLOAD HERE: 2018 Insurance Industry Employment & Job Outlook Report (Free)

 

Insurance 2018 Job Report

 


FOR IMMEDIATE RELEASE

May 7, 2018 – Orlando, FL – The 2018 Insurance Industry Employment and Hiring Outlook Survey released today by GreatInsuranceJobs.com, showcases record hiring in the insurance industry, but a slew of challenges insurance employers is facing to fill jobs like underwriters, actuaries, claims, account managers and sales.

“Insurance employers were very clear this year. They are having a difficult time finding experienced talent not only to keep up with new job requisitions but to replace retirees and short-term millennial workers who are only staying 12-18 months,” states Scott Kotroba, President and Co-Founder of GreatInsuranceJobs.com. “With record employment and a huge push for younger workers, talent acquisition in the insurance industry is being forced to change strategies so they can connect their message to this group.”

The key findings from the 2018 Insurance Industry Employment and Hiring Outlook Survey include:

  • Combined, this survey found 8.454 jobs currently open in the 64 surveyed companies.
  • More than 13,300 more jobs will come open in the last three quarters of this year.
  • 36% of surveyed companies are forecasting better hiring in 2018 than 2017.
  • The top five top positions insurance companies are looking to fill are sales, underwriting, customer service/administration, technology and claims.
  • The top hiring challenges include lack of skilled talent, uncompetitive salaries and small recruiting budgets.

“One of the biggest things is the fact that employers stated recruiting strategies have not changed since the recession,” explains Co-Founder Roger Lear. “For most, this leaves them in the dust to companies who can get a targeted recruiting message delivered on multiple platforms. Most of our surveyed employers have not even considered new recruiting technology yet.”

This survey also asks employers directly how they would recruit more people to an industry that is losing employees to retirement. We appreciate employers sharing this information and findings and analysis are included in this report. The full 2018 Insurance Industry Employment and Hiring Outlook Survey (www.GreatInsuranceJobs.com/jobreport). The findings of the report are based on phone interviews with 64 insurance entities employing a total of 323,377 employees, which represents 12.4% of the total insurance industry workforce.


 

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GreatInsuranceJobs.com is the nation’s pre-eminent insurance employment Network, and the only digital job board in the insurance industry optimized for mobile, on-the-go usage by jobseekers. With more than 120,500 visitors per month, and every major insurance company posting open positions, there is no better place to find an insurance job. The site was founded in 2001 by Roger Lear and Scott Kotroba. The GreatInsuranceJobs.com network includes BusinessInurance.com, TheCLM.org, InsuranceSalesJobs.com, UltimateInsuranceJobs.com, GreatInsuranceRecruiters.com and GreatJobSpot.com. GIJ hosts the largest database of insurance talent in the country.

To request a media kit, please contact Brad Sparrow in our Marketing Department via Brad@GreatInsuranceJobs.com or at 800-818-4898.

Facebook.com/GreatInsuranceJobs
Twitter.com/InsuranceCareer

 

 



PREVIOUS WHITEPAPERS
 

Insurance Industry Outlook 2017
Record Number of Insurance Jobs but Key Challenges Ahead
CLICK HERE TO DOWNLOAD WHITEPAPER

Insurance Industry Outlook 2016
All-time record hiring in the Insurance Industry
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Insurance Industry Outlook 2015
7,262 Open Jobs in U.S. Insurance Industry
CLICK HERE TO DOWNLOAD WHITEPAPER

Insurance Industry Outlook 2014
Insurance Job Market Still Strong, But HR Departments Struggling
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The Insurance Industry 2013 Employment Outlook
16,000 Current Insurance Jobs in Nation, But Aging Workforce Poses Future Risk 
Annual Survey by GreatInsuranceJobs.com Shows Big Concerns
CLICK HERE TO DOWNLOAD WHITEPAPER


The Insurance Industry 2011 Employment Outlook
March 21, 2011 – Orlando, FL – In a comprehensive bi-annual survey of insurance companies, agents and brokers, third party administrators and managing general agents, GreatInsuranceJobs.com reports 15,000 open and available jobs, plus a projected addition of 36,000 more by the end of this year. The survey and its findings were released today. Scott Kotroba, President and CEO of GreatInsuranceJobs.com, is cautiously optimistic that this good news forecasts a decrease of or flat-line progression in the 7.3% unemployment rate in the industry: “It will not happen overnight, but will be a slow upward curve.
CLICK HERE TO DOWNLOAD FREE
 

The Insurance Industry 2010 Employment Outlook
This national Insurance Industry 2010 Employment Outlook Survey is the latest in a series of white papers by GreatInsuranceJobs.com. GreatInsuranceJobs.com aims to understand how companies and job seekers alike are coping with rising unemployment in the insurance sector. The main goal of this 2010 survey is to gauge the year’s employment outlook by asking insurance companies, agents and brokers, third party administrators and managing general agents the following questions:
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2009 3rd and 4th Quarter Employment Outlook for the Insurance Industry
GreatInsuranceJobs.com surveyed 218 insurance companies between June 25 and July 14, 2009. Combined, these companies employ more than one-fifth of all U.S. insurance industry employees. This report will serve to provide insight to which insurance entities are currently hiring, the type of jobs that are open and the forecast for hiring in the 3rd and 4th quarter of 2009. All survey participants were also asked to forecast their companies hiring for 2010.
CLICK HERE TO DOWNLOAD FREE