Tomorrow’s Talent Challenge and MyPath Talk Solutions for Insurance Talent Shortage Challenge

Media Call on Tuesday, January 27th at 2:00 p.m. CT

WHAT:
Tomorrow’s Talent Challenge and MyPath have teamed up to boost the insurance talent pool by attracting young people to the insurance and risk management industry. With 400,000 positions to fill by 2020, the insurance industry is actively developing and executing strategies to meet tomorrow’s talent challenge.

On this media call, learn about the talent shortfall and collaborative industry efforts to:

  • Target, attract and recruit talent with STEM and other skill sets
  • Appeal to millennials and educate students and young professionals about insurance career opportunities through resources like MyPath , an online platform that aggregates internship, scholarship and financial aid opportunities
  • Distinguish insurance from other industries as the competition for top talent intensifies

WHO:
Anita Bourke, Executive Vice President at The Institutes, a leading provider of risk management and property casualty insurance education

Dave Coons, Senior Vice President, at The Jacobson Group, a global insurance search and staffing firm

Marguerite Tortorello, Senior Vice President, Public Affairs at PCI, a national property casualty trade association

Kirstin Marr, Vice President, Marketing at Valen Analytics, a provider of data, analytics and predictive modeling to insurance carriers

WHEN:
Tuesday, January 27th

2:00 p.m. CT

WHERE:
Tomorrow’s Talent Challenge Insurance Media Call

Dial-In:           (855) 215-4229

Conf. ID:         72963570

WHY:
In 15 years, nearly half of insurance professionals will be ready to retire. Without enough entries into the insurance talent pool to make up for those departures, insurers, agencies and industry groups across the country are mobilizing to close that gap and recruit the next generation of top talent to best serve consumers.

Doing so requires a concerted effort to appeal to millennials—who already make up 25 percent of the U.S. workforce and are expected to account for 50 percent of the global workforce by 2020—and to recruit talent with the science, technology, engineering and math (STEM) skills that insurers will need to compete in the future.

Learn more about Tomorrow’s Talent Challenge and opportunities for millennials via our infographic and please share on social media.

The Institutes are the leader in delivering proven knowledge solutions that drive powerful business results for the risk management and property-casualty insurance industry. The Institutes’ knowledge solutions include the CPCU® designation program; associate designation programs in areas such as claims, risk management, underwriting and reinsurance; introductory and foundation programs; online courses; research; custom solutions; assessment tools; and continuing education (CE) courses for licensed insurance professionals and adjusters through their CEU business unit.

MyPath is a collaborative industry-wide insurance and risk management initiative, powered by The Institutes, that is dedicated to educating students and young professionals about the insurance industry and its limitless career opportunities. At the request of the insurance industry, The Institutes and its affiliates—The Griffith Insurance Education Foundation, the CPCU Society, and the CPCU-Loman Education Foundation—launched MyPath to be a collaborative effort providing the industry with a unified voice to educate students’ and young professionals’ perception of the industry. A cornerstone of MyPath is InsureMyPath.org, which educates millennials and connects them to insurance organizations and internship opportunities. Learn more at InsureMyPath.org.

The Jacobson Group is the leading global provider of insurance talent. For more than 40 years, they have been connecting insurance organizations with professionals from the board room to the back room on both a permanent and temporary basis. The firm offers a variety of solutions including executive search , professional recruiting , emerging talent , RPO , temporary staffing , subject matter experts , and onsite and work-at-home operations support . Regardless of the need or situation, Jacobson is the insurance talent solution. Further information is available at jacobsononline.com .

PCI, the Property Casualty Insurers Association of America, promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of more than 1,000 member companies, writing $182 billion in annual premium and 34 percent of the nation’s property casualty insurance. Learn more about PCI at www.pciaa.net and follow us on Twitter @PCIAA.

Valen Analytics is an advanced data and analytics provider for property and casualty insurance companies. We work with insurers who are actively looking to improve underwriting profits by driving growth and/or lowering their loss ratio. Our customers are focused on increasing competitive pressures, fighting adverse selection with innovative solutions, and raising awareness for the impending “experience gap” in underwriting with initiatives such as Tomorrow’s Talent Challenge . Our customers span many lines of business including Homeowners, Workers’ Compensation, Commercial Auto and Telematics, Commercial Package, Commercial Property, and BOP. Learn more about Valen at www.valen.com .

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Contacts: 

Eileen Gilligan, PCI
202-639-0497
eileen.gilligan@pciaa.net

Michelle Welk, MyPath
215-564-3200 x113
mwelk@gobraithwiate.com

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About Us

PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write more than $183 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 27 percent of the homeowners market, 32 percent of the commercial property and liability market and 34 percent of the private workers compensation market.

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Quick facts

In 15 years nearly half of insurance professionals will be ready to retire.
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By 2020, there will be 55 million insurance-related job openings.
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Insurers and industry groups are mobilizing to close the coming insurance talent shortage with the next generation of top talent
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Quotes

With 400,000 positions to fill by 2020, the insurance industry is actively developing and executing strategies to meet tomorrow’s talent challenge. On this media call, learn about the talent shortfall and collaborative industry efforts to address this issue:
Anita Bourke, Executive Vice President at The Institutes