Some insurance companies neglect to update their recruiting strategies. (Maksym Yemelyanov/Adobe Stock) Some insurance companies neglect to update their recruiting strategies. (Maksym Yemelyanov/Adobe Stock)

The talent crisis within the insurance industry is not to be taken lightly. According to the U.S. Bureau of Labor Statistics, almost 500,000 insurance employees will retire soon, and a survey by The Institutes found that eight in 10 millennials have limited knowledge of insurance career opportunities.

By appealing to younger generations, creating an innovative and diverse workplace and reskilling current employees, the current talent gap facing the industry can be reduced.

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