More than 2.5 million people in the United States have found awesome careers in the insurance industry. This work is challenging yet satisfying. The insurance industry is thriving as our population ages, wealth grows, and opportunities for risk management increase.
Working in insurance involves helping individuals and business manage risk to protect themselves from catastrophic losses and to anticipate potential risk problems. This area is not only personally rewarding but can be financially rewarding as well. You will help clients understand insurance needs, explain options to them, and help them purchase appropriate insurance policies or explore alternative ways to finance and mitigate risk.
Here’s a glance at what you might do:
- Claims—An insurance company employs claims adjusters to investigate claims and determine the appropriate settlement. These tend to be salaried positions, sometimes in the home or regional office, sometimes in the field.
- Underwriting—Those in this field are the big decision-makers who determine whether or not an insurance company will accept a particular risk and the price for that risk. Positions tend to be salaried.
- Sales—Opportunities range from agents to client assistance positions. Those in sales often find it to be a lucrative field because they’re usually paid on commission.
- Management and marketing—Jobs like these may be at a carrier’s headquarters or regional offices. Companies need well-educated, salaried individuals to supervise the many entry-level clerical workers who make an insurance operation run and to work in market research.
- Risk management—These opportunities exist in multiple locations, including both agencies and carriers, as well as within major companies and organizations. Carriers and agencies may provide risk management and loss control services for clients, while larger companies often have their own risk managers on the payroll.
Get more information at Risk Insurance Management Society, the American Insurance Association, the American Institute of Chartered Property and Casualty Underwriters or the International Risk Management Institute.