Stadium-Sized Announcement for Ohio Insurance Industry

April 4, 2014

Lt. Gov. Mary Taylor Reveals Updated Ohio Insurance Job Projections at Nationwide Arena

There’s a new number for the Ohio insurance industry: 26,000.

That’s the number of skilled workers the industry estimates it will need by 2020 to replace retiring baby boomers, according to a refreshed workforce study by Bill LaFayette, Ph.D., of Regionomics LLC.

Lt. Governor Mary Taylor revealed the updated job projections during Thursday’s Insuring Ohio Futures announcement at Nationwide Arena in Columbus. “We could fill this empty arena with skilled workers and still need 7,500 more employees to fill the vacancies expected by 2020,” said Taylor.

The arena’s empty 18,500 seats each represented a vacant job, with a figurative 7,500 more people waiting to get in the door. Insurance industry executives and key stakeholders from Insuring Ohio Futures joined Taylor for the announcement.

“This awareness program has been a critical step toward addressing the talent gap,” said David Kaufman, president and CEO of The Motorists Insurance Group. “With an increased need of 26,000 workers, Insuring Ohio Futures will continue to serve as a catalyst to attract talent to the industry.”

Taylor and Kaufman were joined by fellow Insurance Industry Resource Council board members, along with Chancellor John Carey from the Ohio Board of Regents and Colonel Timothy Gorrell, director of the Ohio Department of Veterans Services.

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* Video Courtesy of WCMH Channel 4 Columbus