Generation Next

February 19, 2019 by Kate Smith

Of the 50 chief executive officer searches The Jacobson Group has done in the past four years, each was to replace a baby boomer.

“Literally, all have been the result of retirement,” Greg Jacobson, co-CEO of The Jacobson Group, said.

It’s a trend that’s bound to continue. And it’s also a trend that could prove problematic for insurers.

As baby boomers set off into retirement, the insurance industry is facing a potential leadership shortage. Not only has the industry failed to attract enough talent to replace those retiring, but it also has failed to prepare existing talent—particularly Generation X—to take over the top management spots.

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Originally Posted at Best's Review on February 2019 by Kate Smith.