So, what’s really going on in Australia’s insurance and finance brokerage industries? And why is Melbourne feeling it first?

Well, according to Insurance Business Australia, almost 30% of professionals in the insurance sector are expected to retire by 2030. For firms in Melbourne’s financial sector, that means fewer experienced brokers, underwriters, and advisers, and a much tougher race for quality people.

Why Traditional Recruitment Isn’t Working Anymore

The old way of recruiting just doesn’t cut it anymore. Job ads and word of mouth referrals are still okay; they might get you applicants, but not necessarily the right ones, or the ones who’ll stay.
Professionals these days are looking for more than a pay cheque. They want culture, career growth, flexibility, and transparency from leadership. Post pandemic, those priorities have really changed the industry, and the challenge for many companies isn’t finding people, it’s finding the right people who genuinely want to grow with your business.

Insurance-finance-brokerage-recruitment

What’s Driving the Shortage

• Demographic change with Senior brokers and underwriters is retiring faster than replacements are being trained.
• A new skills gap with Automation and AI changing workflows, creating demand for digitally skilled people.
• Hybrid work challenges have more and more people working remotely, and valuable mentoring and informal learning are getting lost.
• Younger talent is being drawn to flexible, fast-moving companies that promise quicker progression.

How TRS Resourcing Helps Brokerages Stay Ahead

At TRS Resourcing, we partner with Melbourne’s insurance and finance firms to secure professionals who bring both expertise and cultural alignment. Our recruiters don’t just match CVs; we look at long-term retention, attitude, and growth potential.

The next five years will tell who leads Melbourne’s insurance and finance sectors. The firms that act now, building strong recruitment pipelines and investing in their people, will be the ones in the fast lane and ahead when it’s harder to find candidates.

Technology might be changing the industry, but people will always be at the centre of it. We believe great businesses are built on great people, hence why we stand by who we supply.

Why Volume Recruitment is Dead: Human Connection, Expertise & Grit Are the Future of Hiring