9 Ways Risk Management And Insurance Is Addressing The Talent Gap

Risk management and the insurance industry have been around for hundreds of years in some capacity or another.

As a thriving industry, insurance offers many avenues for young professionals to explore as they grow in their careers. But as with several other industries in this Digital Age, insurance is facing a talent shortage.

RIMS’ Risk Management Talent 2025 report found that only 16% of insurance professionals think there will be enough graduates to fill open positions in risk management by 2025.

“The issue is that we have not been producing enough individuals to move into the risk management space coming out of the various schools,” said Ward Ching, managing director captive & insurance management at Aon.

While the talent shortage is definitely concerning, the industry is already acting to address the problem.