Insurance job starting salaries rise as many insurers struggle to fill positions

Insurance job starting salaries - increase in money

Companies are finding it difficult to find enough applicants as they seek to hire in numbers. Insurance job starting salaries are on the way up at a number of insurers, particularly in locations that are proving especially difficult for filling positions. Even as the federal pandemic unemployment benefits have come to an end, insurers are still struggling. To boost appeal to applicants, many insurers have been advertising higher insurance job starting salaries. While some people are viewing this as an opportunity to start a new and rewarding career, others still…

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Progressive plans to create more up to 6,400 insurance jobs

Insurance jobs - hiring sign

The insurer plans to hire thousands of new employees before the year comes to a close. Progressive has announced new insurance jobs with its intention to hire as many as 6,400 new employees during the second half of 2021 in order to support the insurer’s growth and plans to continue doing so. During 2020, Progressive’s total revenues broke the $42 billion mark as it gained market share. The market share held by Progressive continued rising throughout last year as it built up its customer base. Now, it plans to add…

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Millennials continue to be a top insurance industry challenge

Insurance industry challenge - Young Man working from home

Insurers struggle to appeal to a vital generation both in terms of employment and as customers The insurance industry challenge regarding millennials continues as insurers continue to try to sell to that generation. This, on top of the struggle already faced in selling to consumers within that age group, the industry isn’t successful in drawing them to fill jobs, either. Employment in the insurance industry presents a considerable opportunity to graduating college students. That said, a top insurance industry challenge is relaying the appeal of this type of career. The…

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Insurance industry hiring to hit record levels in 2018, survey

Insurance industry hiring - Leaping for Job

A new outlook survey predicts this year will see insurers working to fill more jobs than ever before. Insurance industry hiring is taking off at a powerful rate, causing insurers to face a number of challenges. They are working to fill positions such as actuaries, underwriters and in claims and sales. A new survey shows that these employers are facing a string of challenges bringing in new hires. The 2018 Insurance Industry Employment and Hiring Outlook Survey predicted a trend toward record insurance industry hiring this year. However, experienced talent…

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Insurance industry hiring evens out, though some positions remain unfilled

insurance industry hiring company jobs

A new study showed that insurer job availability will continue to be substantial and steady for the next year. Insurance industry hiring is stabilizing as over half of all insurers intend to boost the size of their staff over the next year. The Jacobson Group and Ward Group released their Semi-Annual U.S. Insurance Labor Outlook Study results. Fifty eight percent of insurance companies will be hiring more people in 2018, said the study. The insurance industry hiring trend is greatly supported by a predicted boost in business as well as…

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Michigan insurance industry is having a hard time filling job postings

Michigan insurance industry jobs application form

Insurers in the state are continuing to open positions in their companies, but workers aren’t there to fill them. The Michigan insurance industry is all set to open up a range of new jobs over the next few years. However, it is already facing a considerable challenge in their effort to fill the positions as insurance companies compete to attract talent. This was among the primary findings in a study conducted by Ferris State University researchers. The university’s insurance, actuarial and risk management student team surveyed companies in the Michigan…

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Insurance executive positions lack diversity, but the industry wants change

insurance executive positions

Sedgwick’s chief people officer pointed out that company leaders are “all white men over 40.” Terri Browne, chief people officer at Sedgwick, a worldwide leading tech-enabled risk and benefits solutions provider said there is a diversity issue among top insurance executive positions. Jobs lower in the hierarchy have a healthy diversity but higher up in most organizations has nearly none. In the lower ranks, diversity exists and teams are thriving within it. However, the higher insurance executive positions are “all white men over 40,” said Browne. “I would say, when…

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