Career Opportunities in the Iowa Insurance Industry
| dc.contributor.author | Croft, Kevin | |
| dc.date.accessioned | 2023-05-15T15:31:41Z | |
| dc.date.available | 2023-05-15T15:31:41Z | |
| dc.date.issued | 2023-04 | |
| dc.description | 5 pages | en_US |
| dc.description.abstract | The Iowa insurance industry is an economic powerhouse, creating an $8.9 billion impact in the Des Moines – West Des Moines MSA alone. The industry’s scale has spawned two start-up accelerators focused on insurtech, each with a global reach. The Iowa workforce has experienced twenty-five percent growth since 2000. Insurance carriers are attractive employers exhibited through a high level of compensation, wage growth at a rate above the national average, and a suite of employee benefits that are generous, flexible, and well-aligned with the desires of generation Z. Over the next decade, nearly twenty percent of the workforce will reach retirement age. This retirement wave will create rapid advancement opportunities for younger employees, especially those with skills in technology, data analytics, distribution, and product development. The demand for actuaries is expected to grow at a rate three times greater than the average occupation while actuarial compensation exceeds the median annual salary of other mathematical science occupations. Actuarial careers are consistently ranked among the best in both business and STEM fields and have above-average upward mobility. | en_US |
| dc.identifier.uri | https://escholarshare.drake.edu/handle/2092/2267 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Drake Management Review | en_US |
| dc.relation.ispartofseries | Drake Management Review;Volume 13, Issue 1, April 2023 | |
| dc.subject | Insurance | en_US |
| dc.subject | Viewpoint | en_US |
| dc.title | Career Opportunities in the Iowa Insurance Industry | en_US |
| dc.type | Article | en_US |