COLUMBUS – Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor provided an overview of the role and objectives of the CEO Insurance Education Task Force during her opening remarks at their meeting on Thursday, March 31st.
The CEO Insurance Education Task Force meeting was hosted by Motorists Insurance Group CEO John Bishop and Westfield Group CEO James R. “Jim” Clay. Under the leadership of Taylor, the two CEOs have been heading efforts to examine current and future workforce conditions and explore opportunities to produce well-trained employees required to maintain a robust insurance industry in Ohio.
As one way of developing a strong pool of insurance personnel, the group has been collaborating to establish insurance degree programs and insurance curriculum to be offered at Ohio’s two- and four-year colleges as well as vocational programs. In addition, the task force has been discussing the creation of internship opportunities for students and graduates.
“This group of insurance executives is working hand-in-hand with the Department of Insurance and other interested parties to help maintain and grow the insurance industry in Ohio,” Taylor said. “We are pleased to lead this visionary group of executives who understand that a meaningful educational curriculum for the insurance industry in Ohio means success for their companies as well.”
During the meeting, Taylor, Bishop, Clay and other insurance industry leaders reviewed the recommendations and accomplishments of the Insurance Education Task Force, heard from the Ohio Board of Regents about the Insurance Talent Development Plan, and looked at workforce gap analysis.
Ohio is a major center for insurance corporations. Ohio ranks 6th out of all 50 states in the number of employees in the insurance industry, and 4th in the casualty insurance industry. Insurance companies write about $54 billion in premiums in Ohio, which ranks Ohio 9th in terms of largest volume in the country.