--- title: Episode 9 – Millennials in Insurance - InsNerds.com description: "SUBSCRIBE AT: Buzzsprout RSS: https://goo.gl/5K4X3Q Google Play: https://goo.gl/WMAvW4 iTunes: https://goo.gl/7SqwvP Overcast: https://goo.gl/8b4cbD Spotify: https://goo.gl/niAbGN Stitcher: https://goo.gl/DmE7Mi YouTube: https://goo.gl/1Turar Show Notes: Average age of an insurance pro in the US is about 60 years old The number of insurance pros over 55 has increased by 74% between 2002-2012 compared to 45% in overall workforce (McKinsey & Company Building" --- [Insurance Nerds - Insuring Tomorrow ](https://insnerds.com/insights) # [Episode 9 – Millennials in Insurance - InsNerds.com](https://insnerds.com/insights/podcast-e9) Written by [Antonio Canas](https://insnerds.com/insights/author/antonio-canas) | Apr 23, 2017 4:00:00 AM # Episode 9 – Millennials in Insurance by Antonio Canas Audio Player [http://www.buzzsprout.com/87086/504180-episode-9-millennials-in-insurance.mp3](http://www.buzzsprout.com/87086/504180-episode-9-millennials-in-insurance.mp3) 00:00 00:00 00:00 Use Up/Down Arrow keys to increase or decrease volume. **SUBSCRIBE AT: [Buzzsprout RSS: https://goo.gl/5K4X3Q](https://goo.gl/5K4X3Q)**** [Google Play: https://goo.gl/WMAvW4](https://goo.gl/WMAvW4)**** ****[iTunes: https://goo.gl/7SqwvP](https://goo.gl/7SqwvP)**** [Overcast: https://goo.gl/8b4cbD](https://goo.gl/8b4cbD) ****[Spotify: https://goo.gl/niAbGN](https://goo.gl/niAbGN) [Stitcher: https://goo.gl/DmE7Mi](https://goo.gl/DmE7Mi)** **[YouTube: https://goo.gl/1Turar](https://goo.gl/1Turar)** ## Show Notes: - Average age of an insurance pro in the US is about 60 years old - The number of insurance pros over 55 has increased by 74% between 2002-2012 compared to 45% in overall workforce (McKinsey & Company Building a Talent Magnet) - There’s 80 million Boomers, 60 million Xers and 80 million Millennials. That 25% difference with so few Xers is a huge deal - By 2014 Millennials were already largest generation in the US (Council of Economic Advisers) - By 2025, 3 out of 4 workers will be Millennials ([https://www.bdcnetwork.com/workplace-design-trends-make-way-millennials](https://www.bdcnetwork.com/workplace-design-trends-make-way-millennials)) - Only 4% of Millennials are interested in working in Insurance (The Hartford – A Generation of Leaders) - RMI programs only exist at 70 schools (out of 3,000+) and only feed 10-15% of our new talent needs each year (McKinsey Building a Talent Magnet) - 30% more Boomers in insurance than in the overall economy (McKinsey Building a Talent Magnet) - 88% of CPCU Members are over 40 years old - Only 41% of Millennials expect to be at their current job in 2 years (Gallup There’s no job millennials won’t leave) - Since 2015 Millennials are already largest generation in the workforce - Insurance companies expect 25% retirements in the next 4 years (2017 Insurance Industry Employment and Hiring Outlook Survey) some expect it in the next 2 years (2016 Insurance Industry Trends) - Only about 25% of insurance workforce is under 35 years old (Solving the Insurance Industry Talent Crisis by Investing in RMI Graduates – IRMI) - Only 2% of recent grads express an interest in insurance (Accenture – The Insurance Workforce of the Future) - 66% of Millennials plan to be at a different company in 3 years (2016 Deloitte Millennial Survey) Good people, awful structure = crappy managers Call Center article: [https://insnerds.com/on-demand-insurtech/](https://insnerds.com/on-demand-insurtech/) Our book: [http://amzn.to/2oqVXwU](http://amzn.to/2oqVXwU) **Intro & Exit music** – “The Spirit of Radio” in The Spirit of Radio: Greatest Hits (1974-1987) by Rush – buy: [iTunes](https://itunes.apple.com/us/album/the-spirit-of-radio-greatest-hits-1974-1987/id659738192) OR [Google Play](https://play.google.com/store/music/album?id=Bgcx4c5fswstep6lf6nuwzsjg3y&tid=song-Tasrfkhuwaqxqxvviddvowucgzm&hl=en) OR [Amazon](https://www.amazon.com/Spirit-Radio-Greatest-Hits-1974-1987/dp/B000W1QWVI/ref=sr_1_1?ie=UTF8&qid=1506008618&sr=8-1&keywords=the+spirit+of+radio+greatest+hits+1974-1987)     ### About Antonio Canas Tony started in insurance in 2009 and immediately became a designation addict and shortly thereafter a proud insurance nerd. He has worked in claims, underwriting, finance and sales management, at 4 carriers, 6 cities and 5 states. Tony is passionate about insurance, technology and especially helping the insurance industry figure out how to retain and engage the younger generation of insurance professionals. Tony is a co-founder of InsNerds.com and a passionate speaker. - - - ##### [ Antonio Canas](https://insnerds.com/author/tony-canas/) + posts Tony started in insurance in 2009 and immediately became a designation addict and shortly thereafter a proud insurance nerd. He has worked in claims, underwriting, finance and sales management, at 4 carriers, 6 cities and 5 states. Tony is passionate about insurance, technology and especially helping the insurance industry figure out how to retain and engage the younger generation of insurance professionals. Tony is a co-founder of InsNerds.com and a passionate speaker. ### Related Posts - [Profiles in Risk - The InsNerds Podcast: Episode 1](https://insnerds.com/podcast-e1/) After more than two years of only text-based blogging we are very excited to announce our… - [Profiles in Risk Episode 8 - Litigation, Claims and Analytics in Insurance](https://insnerds.com/podcast-e8/) SUBSCRIBE AT: Buzzsprout RSS: https://goo.gl/5K4X3Q Google Play: https://goo.gl/WMAvW4 iTunes: https://goo.gl/7SqwvP Overcast: https://goo.gl/8b4cbD Spotify: https://goo.gl/niAbGN Stitcher: https://goo.gl/DmE7Mi YouTube:… - [Profiles in Risk - Episode 5 - All about Innovation in Insurance](https://insnerds.com/podcast-e5/) or Subscribe. Show Notes: The Medici Effect by Frans Johansson. Kill the Company by Lisa Rodell. Insurify… [**Share](https://www.linkedin.com/cws/share?url=https%3A%2F%2Finsnerds.com%2Fpodcast-e9%2F%3Futm_source%3Dlinkedin%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare) [**Tweet](https://twitter.com/intent/tweet?text=Episode+9+-+Millennials+in+Insurance&url=https%3A%2F%2Finsnerds.com%2Fpodcast-e9%2F%3Futm_source%3Dtwitter%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare&via=InsNerds) [**Share](https://www.facebook.com/share.php?u=https%3A%2F%2Finsnerds.com%2Fpodcast-e9%2F%3Futm_source%3Dfacebook%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare) [**Reddit](https://www.reddit.com/submit?url=https%3A%2F%2Finsnerds.com%2Fpodcast-e9%2F%3Futm_source%3Dreddit%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare) [**Email](mailto:?subject=Episode%209%20-%20Millennials%20in%20Insurance&body=SUBSCRIBE%20AT%3A%20Buzzsprout%20RSS%3A%20https%3A%2F%2Fgoo.gl%2F5K4X3Q%20Google%20Play%3A%20https%3A%2F%2Fgoo.gl%2FWMAvW4%20iTunes%3A%20https%3A%2F%2Fgoo.gl%2F7SqwvP%20Overcast%3A%C2%A0https%3A%2F%2Fgoo.gl%2F8b4cbD%20Spotify%3A%C2%A0https%3A%2F%2Fgoo.gl%2FniAbGN%20Stitcher%3A%20https%3A%2F%2Fgoo.gl%2FDmE7Mi%20YouTube%3A%20https%3A%2F%2Fgoo.gl%2F1Turar%20Show%20Notes%3A%20Average%20age%20of%20an%20insurance%20pro%20in%20the%20US%20is%20about%2060%20years%20old%20The%20number%20of%20insurance%20pros%20over%2055%20has%20increased%20by%2074%25%20between%202002-2012%20compared%20to%2045%25%20in%20overall%20workforce%20%28McKinsey%20%26amp%3B%20Company%20Building%0D%0A%0D%0ARead%20More%20Here:%20%20https%3A%2F%2Finsnerds.com%2Fpodcast-e9%2F%3Futm_source%3Demail%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare) Categories [Podcast](https://insnerds.com/category/podcast/) [Insuring Tomorrow: Engaging Millennials in the Insurance Industry – The Book](https://insnerds.com/insuring-tomorrow/) [A career in insurance?!? – Isn’t AI going to take my job?!?](https://insnerds.com/career-insurance-isnt-ai-going-take-job/) [View full post](https://insnerds.com/insights/podcast-e9) ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Antonio Canas" }, "dateModified" : "2025-01-03T02:46:16.239Z", "datePublished" : "2017-04-23T04:00:00Z", "headline" : "Episode 9 – Millennials in Insurance", "image" : { "@type" : "ImageObject", "height" : 100, "url" : "https://47532799.fs1.hubspotusercontent-na1.net/hubfs/47532799/Imported_Blog_Media/Super-Tony-100x100-Jan-03-2025-02-45-51-3308-AM.jpg", "width" : 100 }, "mainEntityOfPage" : "https://insnerds.com/insights/podcast-e9", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "height" : 60.0, "url" : "https://47532799.fs1.hubspotusercontent-na1.net/hubfs/47532799/logo-horizonatl.jpg", "width" : 139.38907 }, "name" : "Insurance Nerds " } } ```