- Published Date 05/10/2023
- By John Patton
- Category: Classroom
Careers In Insurance
In a world full of risk, people and businesses turn to Insurance companies to create a safety net for their social and economic development. To better respond to the needs of their clients, Insurance companies constantly evolve and elevate their practices to adapt to an ever-changing business landscape. And the development of companies is ensured by smart, flexible-minded, competitive-knowledge employees.
The Insurance industry is a great place to start and grow a career. There are jobs for a variety of different specialists. Insurance is not just a client-facing sector although there are many brokers, underwriters, and loss adjusters helping to write business and deal with the impact of a major event on businesses, face to face.
Graduates from any degree discipline can work in the profession as you will learn the specialist skills on your graduate scheme and beyond. Companies are looking for people with the right set of skills, rather than a particular set of knowledge. For example, if you have a degree in social science or a background in nursing, you could make an ideal claim professional. Working as an adjuster, appraiser, examiner, or investigator taps into these learned skills of communication, empathy, and deductive reasoning. If you are an engineer, you could transfer your creativity, problem-solving, design, and scheduling proficiencies to work in loss control or as a risk manager in outside industries such as the public sector, retail, hospitality, or gaming. There’s a place for a variety of skills and interests.
As an industry that is readily impacted by anticipated trends in society, it’s incredibly important for Insurance professionals to regularly update their skills and expand their knowledge base. This is why it’s commonplace for Insurance companies to offer the option of taking continuing education courses to members of their team. By taking courses while working, Insurance professionals are able to seamlessly absorb the latest information while continuing to develop their careers. Along with continuing education courses, they can also attend industry-specific workshop sessions, conferences, and networking events that touch on hot topic subjects to become better versed in up-and-coming subjects. The world around us is always changing – so Insurance professionals ensure they change with it!
There are a number of important reasons to start a career in insurance: variety, stability, opportunity, and humanism.
Variety – the insurance industry isn’t all agents, brokers, and claims. There are jobs down all kinds of career paths, like accounting, appraising, marketing and underwriting. You could even work in IT, operations, customer service, fraud investigation, or human resources. Do a quick search and you’ll find there are careers for all people, with all skillsets.
Stability – In the U.S., insurance has been around since the middle of the 18th century, and it always will be. As long as there are people, homes, cars, and businesses, there will be a need for the protection it provides. When it comes down to it, people just can’t take major risks without it, and businesses can’t even open their doors.
Opportunity – according to Researchers, in the USA the Insurance industry employs more than 2.3 million people. However, there are plenty of insurance professionals who are ready to retire, plus plenty who have already. With an aging workforce, hundreds of thousands of jobs will open in the next few years – giving people serious opportunities to start their journey and succeed in an insurance career.
Humanism – Striving to find a career that lets you help people? A career that truly makes a difference in people’s lives? In the insurance industry, every day is about taking care of others on their worst days. You’re constantly giving people the support they need to fearlessly move forward.
Working in insurance offers opportunities that extend far beyond the bottom line on your paystub, or the walls of your workplace. Whether you’re interested in serving your community, or experiencing different cultures around the world, or choosing a career path that offers real opportunities to grow and learn every day, a career in insurance can help bring your goals and dreams within reach.