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November 23, 2010

Retirees = Future Workers

Independent insurance agencies and other employers in the insurance industry are facing a coming labor shortage created by baby boomer retirements. A National Alliance Research Academy study calls it a “pending labor shortage in the insurance and risk management industry.” There’s good news for agencies in the U.S., though. The future workforce will be available Read More »

September 26, 2010

The Sound of Retirement

Retirement is starting to drain America’s insurance workforce. — The 78 million baby boomers (born 1946-1964) will retire at an estimated pace of 10,000 per day over the next 20 years, according to U.S. Census and other data. — The average age of insurance industry professionals is 56, according to the National Alliance Research Academy’s Read More »

August 21, 2010

What the Numbers Say: Boomers On The Way Out

Insurance is a business of numbers. One of the most important is the number of people an independent agency has on its staff. Now matter how great technology gets, it still takes people to underwrite, process, service, and renew business. At a microeconomic level, every agency principal has to wrestle with that staffing number at Read More »