If you started in insurance four years ago, industry statistics suggest there’s only a 15% chance you’re still in the business today. That’s the default state of our industry — a massive revolving door. And with nearly one-third of active advisors expected to retire over the next decade, the pressure to find new talent is immense.
Key takeaways
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- The insurance and financial services industries are dealing with an agent retention crisis due to high turnover rates and the anticipated retirement of many experienced professionals.
- Retention can be increased by being thoughtful and transparent in prospecting recruits, as well as investing in the success of current agents by offering full licensing and training.
- Pairing new agents with experienced veterans provides personalized training while creating succession planning opportunities, boosting both productivity and retention.
The Agent & Advisor Editorial Team is a highly skilled and dedicated group of professional writers and editors within the life, health insurance and financial services industry. Committed to delivering accurate, informative and engaging content, this team possesses a deep understanding of the intricacies and complexities of the industry.
Learn more about the Editorial Team.
Learn more about the Editorial Team.
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