Insurance Age

Applied Net 2015: Millennials hold key amid ageing shareholder demographic

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    • Callum Brodie

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Shareholder ageing, hiring procedures and investment in young talent are issues for the US insurance agency market.

The US insurance industry must up its investment in young talent in order to secure a healthy future for the market, according Reagan Consulting principal Thomas Doran.

Speaking at the 2015 Applied Net conference at Las Vegas's Caesars Palace, Doran warned delegates that the average age of a shareholder within the industry had this year risen to 56, up from 51 in 2008.

Doran suggested that, by failing to properly embrace the long-term market impact millennials can provide, certain firms were not

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