Vymo has partnered with LIMRA to produce "The Bridge - Millennial and Gen Z Workforce Report '24," to understand the new generation entering the workforce, what they're looking for, and how they'll shape the future of insurance.
We have gathered insights through in-depth interviews with carriers, insurance agents, and industry experts, exploring the work and life aspirations of Millennials and Gen Z.
👩 MILLENNIALS 1981–1996
👦 GEN Z 1997- 2012
Top Reasons Why People Join the Insurance Industry
Job Security
Remains valued like before, but now is coupled with the desire to influence the field.
Financial Opportunity
Seen as a platform for making a positive societal difference today.
Flexibility
Seen as a pathway to entrepreneurship with unlimited potential.
Societal Impact
A central motivation, especially among the younger generations.
Here’s what our participants shared
“Insurers must update their legacy systems to newer ones, unify their tools, and employ AI to attract the younger generation.”
“There’s a need to attract young people by being more transparent and using simpler language."
“I’m a Millennial. But the Gen Z, they speak a totally different language. They act differently, they spend very differently."