A series of retirements is set to change the face of the insurance industry, according to the 2016 Claims Salary Survey. Nearly a quarter of insurance professionals, including claims managers, data experts and adjusters, are expected to retire over the next 12 to 18 months. The survey also found that more than half of all respondents expect their retirement plans will be affected by changes in health care costs.
A series of retirements is set to change the face of the insurance industry, according to the 2016 Claims Salary Survey. Nearly a quarter of insurance professionals, including claims managers, data experts and adjusters, are expected to retire over the next 12 to 18 months. While technology will help mitigate some of the losses, there will be some changes in who reports, assigns and handles claims, the report said.