An open letter to college graduates
Congratulations on your graduation! This is an exciting time, as you prepare to begin your career. As you embark on this journey, the good news is the economy is strong, you are well educated and prepared, and companies around the country and the world are looking for talented and committed professionals to drive their businesses forward.
As you think about your career options, I encourage you to consider the property and casualty insurance industry, which markets auto, homeowners and related insurance coverages to individuals and families, and commercial insurance protection to business owners. The industry provides tremendous opportunity and reward, both professional and personal.
- The property and casualty industry plays a critical role in our economy and our society. It is exceptionally strong and socially responsible, making a difference in communities everywhere. The industry employs about 2.3 million professionals and generates more than $500 billion in revenues each year in the U.S. alone.
- Our industry cares about people. Property and casualty companies pay out more than $400 billion a year to help their customers recover after they suffer losses, such as an auto accident or fire or storm damage to a business. The industry also contributes an estimated $700 million to charitable causes each year, as well as countless volunteer hours.
- Property and casualty companies offer an incredible number and range of opportunities. With baby boomers retiring in record numbers, the industry is on a hiring spree, hoping to fill tens of thousands of jobs by 2020.
Our industry employs professionals in roles you would expect, like accounting, finance, technology, actuarial, underwriting, claims, human resources, and sales and marketing. At the same time, given evolving customer demands and preferences, the industry is working to build a more multi-generational, digitally inclined workforce. It is adding jobs such as data scientists, mobile app developers, drone operators, innovation, customer experience, and process and automation specialists. These newer roles will help companies succeed in a business increasingly impacted by emerging competitive forces, including insuretech businesses, and other market disruptors and transformation enablers.
Our company, The Hanover, offers significant opportunities for motivated and hard-working, early-in career professionals. As one of the 25 largest property and casualty companies in the country, we are committed to hiring top talent.
We place a premium on individuals who bring new skills, talents, and perspective, those who want to learn and grow, challenge conventional thinking, be challenged themselves, and who can thrive in a fast-paced, inclusive environment.
We value people who can effectively manage our business as it is organized today, and those who can look around the corner and imagine the opportunities associated with self-driving cars, smart homes, and cyber technology. We also value people who think beyond themselves and support our commitment to community.
After graduating from the University of Connecticut years ago, I took a job as an underwriting trainee. With hard work, passion, and the support of mentors and colleagues, that job led to another, and another. Over the years, I have had more professional opportunities and have been rewarded in more ways than I ever dreamed possible.
As you begin your own career, I encourage you to consider the industry and The Hanover. Find a position that interests you. Do your best work. Pursue opportunities to learn and grow. Make a difference. Let us help you achieve your potential.
All the best,
John C. Roche
President and Chief Executive Officer
The Hanover Insurance Group, Inc.