The insurance industry is one built on history and resilience, but it’s also one where the future is facing immense uncertainty.
By the end of 2026, an estimated 400,000 insurance professionals will have retired in the U.S. since the beginning of 2021, according to the Bureau of Labor Statistics. At the same time, nearly one-third of the current global population is Gen Z. And yet, 79% say they’ve never considered working in insurance due to perceptions of the industry being “boring” or too corporate. Right now, the industry is facing a major workforce shortage that could have the same consequences for our stability as any underwriting cycle or catastrophe trend.
This disconnect is a structural risk to the industry’s ability to operate, innovate and respond to crises in the years ahead.
