Today, less than a third of the current insurance workforce is under 35 years old, and it’s predicted that more than a quarter of insurance professionals will be approaching retirement in the next few years.
Just last month, another automaker announced a 2025 goal to develop cars that drive themselves on city streets. By 2020, there'll be cars made for highways.
Indications are Americans will drive more but crash less—welcome news. Yet despite the decrease in the number of accident claims, auto insurance loss costs are mounting.