Getting young people into the world of insurance isn’t always easy, especially as studies have shown that their interest in finding careers in the sector is flatlining. Yet, opportunities in this space are increasing, with new technologies bringing a slew of potential career paths. Spotlighting those while getting younger generations excited about insurance is why one company launched its insurtech-focused scholarship, which just crowned its fourth recipient.
“We started it in 2016 and that was when the insurtech movement was really starting to pick up speed,” said Becky Schroeder, chief marketing officer at Insurance Technologies Corporation (ITC). “We view ourselves as one of the original insurtechs. It’s in our name, ‘Insurance Technologies’, and we saw an opportunity because a common conversation in the industry – probably always, but especially I feel like in the last five years or so – has been, how do we get young people in this industry? How do we fill the gaps that are going to be left by the aging workforce as they retire and move on to that next stage of their life?”
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