According to national data provided by leading insurance organizations such as The Institutes, over 200,000 jobs were vacant in 2014 in the insurance industry, and it is estimated that within the next four years, the industry will need to fill 400,000 positions.
By 2030, nearly half of the current insurance workforce will retire while at the same time, eight out of 10 millennials report having limited knowledge and understanding of the employment opportunities available within the insurance industry.
According to Dr. Christine Berry, program coordinator for the ULM Risk Management and Insurance program, the first talent search, held last spring, resulted in more than a dozen internships and full-time positions for ULM risk management and insurance majors. It was a testament not only to the industry’s demand for new talent, but also to their support of ULM’s RMI program.
“I have no problem finding jobs for students before they graduate,” said Berry. “Our problem is finding enough students to fill the open positions in the industry.”
According to Berry, ULM’s risk management program is one of approximately 40 bachelors programs in the world, and one of about four in the world that offers specialized coursework in surplus lines and reinsurance. It’s also one of only a few that offer the degree both online and in the traditional format.
During the program, students will hear from various employers, and from Barbara Bufkin, executive vice president for business development for Hamilton USA. Bufkin, a leader in the industry, will provide the keynote speech for the event.
In addition to her current role, Bufkin’s tenure in the global industry includes work in the primary insurance and reinsurance markets. She has held leadership positions with large firms such as Guy Carpenter, Argo International Holdings, Swiss Re New Markets, and Swiss Re Subsidiary Facility Insurance Holding Corporation.
The event is sponsored by AmWINS, All Risks, State Farm, and the Louisiana Independent Insurance Agents.
Events run from 6-8 p.m. in the ULM Library Conference Center on Sept. 1, and from 9 a.m., to 4 p.m. in the Student Union Ballroom, on Sept. 2
Additional information about the event can be found at www.ulm.edu/cbss/insurance