Succession planning should be at the heart of any reputable business or organization. It’s vital to put a plan in place to ensure that entity’s continuity over the long-term, and to avoid any shocks or sudden changes. But in the insurance captive industry, succession planning is more challenging than for most other fields. The Baby Boomer generation that started the industry in the 1980s is retiring and there aren’t enough new professionals coming into the industry to fill the void.
