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See what the Industry is Saying about the Summit…

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Get ‘Em While TheY’re Young

April 5, 2011

National Underwriter Life & Health

By Bill Coffin

Last week, I had the honor of being invited to speak at Mississippi State University’s I-Day event, and annual conference the school of insurance and risk management holds both to get the industry together to discuss matters of importance, but also to give their own students the chance to meet with industry figures they might one day rub shoulders with professionally.

On that front, later this year, the Griffith Foundation will be launching its Insurance Education and Career Summit, held on September 26-28 in the University of Georgia’s Atlanta Center in Atlanta, GA. There, the Griffith Foundation will be working on bringing the entire insurance industry together to develop a common strategy for encouraging today’s youth to get interested in insurance early on. The Griffith Foundation recently sent a memo to industry CEOs asking them to send just one person from their company to attend the event. Those wanting to help out can visit www.griffithfoundation.org/summit. There is a registration form there as well as other information on getting involved.

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Help Wanted: Ideas For Attracting The Next Generation Of Insurance Leaders

April 11, 2011
National Underwriter P&C

By Don Rebele

At insurance industry meetings across the country, one issue keeps working its way to the top of the agenda as perhaps our biggest collective challenge: How are we going to interest more young people in insurance and attract them to the profession?

Despite collegiate risk management and insurance (RMI) program-placement rates at close to 100 percent, the number of students coming into the workforce is only filling 10 to 15 percent of the industry’s current need. In addition, many RMI graduates are taking jobs in other sectors, and the mobility of our younger generations appears to have stopped the age-old, insurance-sector tradition of passing an agency from one generation to the next.

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For recruiting, industry needs to be on the same page

April 21, 2011

Property Casualty 360 | Agent and Broker

By Laura Mazzuca Toops

Anyone who’s a regular reader of our magazine–most recently in the January 2011 cover story, “Avoid the retirement steamroller with young recruits”–knows we’re invested in promoting insurance as a viable career path for the next generations.

And we’re not alone. For years now, we’ve been highlighting the efforts of everyone from trade association young agent groups, carriers and everyone in between to attract, promote and retain Gen Yers.

Unfortunately, all these great efforts, considered individually, might just be as effective as chipping away at a mountain with a toothpick.

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Gen Y recruiting: Why It Isn’t Working

MAY 12, 2011

American Agent and Broker

By Jason Terrell

Four years ago, I started digging into the issue of attracting new talent to the insurance industry. Two things became clear early on. First, a lot of great initiatives have been formed around this issue from every sector of the industry. Second, it’s not working.

This issue is crucial to the success of our industry. According to a Deloitte study, the majority of underwriters, adjusters and sales agents are 40 or older. Also, between 2004 and 2014, the property-casualty industry will need to fill almost 25,000 underwriting jobs and 85,000 claims positions.

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INSURERS SEEK THE FOUNTAIN OF YOUTH

September 14, 2011

Property Casualty 360 | Markets

By Sam J. Friedman

How might the insurance industry more-effectively recruit top college graduates and post-grads into the business?

That’s the challenge that confronts industry leaders assembling later this month for theInsurance Education and Career Summit, initiated by the Griffith Insurance Education Foundation. The Summit, to be held from Sept. 26-28 in Atlanta, will include insurance company and association executives, academics, service providers and other parties involved with the industry.

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Collaboration is Key to Industry’s Talent Gap Conversation

September 23, 2011

Property Casualty 360

By Demmie Hicks

For years, we in the insurance industry have had a problem but few solutions.  The problem is we are all getting older; agents, adjusters and analysts are hitting their retirement years in record numbers.

To compound matters, college graduates don’t seem interested in a career in insurance. Too many people are leaving and too few are entering the field.  You don’t have to be an actuary to see this is a problem.

Some of us have known for years that this is a problem.  We’ve even talked about it on occasion, but we never made a concerted effort to come up with a solution.

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Insurers, Academics and Students Tackle “Talent Gap”

September 28, 2011

Property Casualty 360 | Agent and Broker

By Laura Mazzuca Toops
More than 130 professionals representing insurers, trade associations, higher education and research are meeting in Atlanta this week to brainstorm ways the insurance industry can attract, train and retain the next generation of leaders.

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Students at an Insurance Meeting? Believe It

October 6, 2011

Property Casualty 360 | Agent and Broker

By Laura Mazzuca Toops

In my 20-something years of writing about the insurance industry, I’ve been to plenty of conferences, and it always amazes me how little these events seem to have changed. Although overhead projectors have been replaced by laptop Power Point presentations, the dress is slightly more casual and there are usually more women and people of color, the general tenor is usually the same: high-level industry professionals talking about a problem on a macro level.

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Industry Dips Toe Into the Fountain of Youth

October 7, 2011

Property Casualty 360 | Education and Training

By Sam J. Friedman

Can the insurance industry overcome a poor reputation, a scattering of resources and the lack of a compelling, unified message to dramatically improve the recruitment and retention of young talent?

That was the gauntlet thrown down before a wide array of insurance professionals and eager risk management students at the recent “Insurance Education and Career Summit.”

The three-day event in Atlanta, billed as “a collaborative effort to engage the next generation,” felt a bit like a 110-person-strong focus group at first. A facilitator led a lively debate over the crux of the challenge and how the industry might work together to overcome it. We were divided into diverse teams, tackled individual issues, shared our observations and recommendations with the full group, and then came to a consensus.

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