You are here:HomeNews CenterInsurance News2014Young Agents Rate Flexibility, Career Growth Higher Than Technology

Young Agents Rate Flexibility, Career Growth Higher Than Technology

Insurance technology provider Vertafore just released results of a survey it conducted that found young agents value flexibility and career growth opportunities more than technology when it comes to job satisfaction...
August 19, 2014

Insurance technology provider Vertafore just released results of a survey it conducted that found young agents value flexibility and career growth opportunities more than technology when it comes to job satisfaction.

The survey looked at responses from 414 executives throughout the insurance industry—with 166 (40 percent) of respondents under the age of 40—to determine how technology is shaping the younger generation's decision to enter and stay in the insurance industry.

Only 51 percent of millennial respondents rated technology as "very important" to keeping them in the industry. Work/life balance was more important, with 78 percent of young agent respondents saying that was what would keep them in the industry, followed by enjoyment of work at 66 percent. The survey results also indicated that job satisfaction among young agents was very high, as 84 percent responded that they plan on staying in the industry for "as long as possible."

What It Means to Agents: Millennials consider technology a given, they expect it. More, they value the flexibility that being an independent agent can provide. It's encouraging for purposes of perpetuation that so many young agents who are working in the industry find it so satisfying that they want to spend their entire careers here.

Vertafore Survey of Young Agents (Insurance Journal 8/14/14)

Filed under: