Looking for a job? How about venturing into the insurance industry? The folks there are hiring.
According to a report by GreatInsuranceJobs.com, a sampling of competitors in the industry will be trying to fill some 22,500 jobs between now and year-end. But finding the right fit for the job won't be easy. Those who responded to the survey said that budget restrictions are hampering their recruiting efforts, and there aren't enough top performers out there anyway to satisfy their needs.
Nonetheless, this year has all the earmarks of an insurance hiring frenzy. The survey found there were 7,262 jobs open at the 78 companies included in the survey, and managers at those companies said they anticipated that another 15,354 positions would come open before year-end. More than eight in 10 of the companies reported having current openings.
Recommended For You
A quarter of the companies said 2015 will prove to be a stronger year for employment than 2014. The unemployment rate in the industry stands at 2.3 percent, the lowest rate since 2006.
"We expect 2015 to be a record year for hiring in insurance," said Scott Kotroba, president and co-founder of GreatInsuranceJobs.com. "But for hiring managers, the greatest challenge mentioned by more than 80 perfect of the employers is the difficulty of finding qualified talent."
Other findings of interest from the survey:
-
95 percent of companies plan on hiring at least one person in 2015.
-
31.5 percent of companies are planning on hiring 51 or more employees in 2015.
-
The top six heaviest recruited insurance positions are sales (both broker & agent and property & casualty), underwriters, technology, account managers, customer service and call center.
-
Budgets are not big enough to attract and recruit enough candidates to satisfy job requisitions.
-
Only 6 percent of insurance employers feel that job seekers should include their photo on their resumes.
-
Competition to hire experienced insurance professionals is proving difficult for companies that cannot move quickly in the hiring process.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
