Insurance Jobs

Nature of the Industry

Insurance jobs involve helping customers protect their assets from accidents, diseases, theft, and acts of nature. By providing appropriate insurance coverage, people in this industry help their customers receive financial reimbursement after a tragedy. Insurance jobs can be divided into the following specialty areas:

• Carriers: Insurance carriers sell policies and assume the financial risk associated with a customer making a claim. Primary carriers underwrite the policies, while insurance carriers assume the risk.
• Agencies and brokerages: Insurance jobs with related services include working in areas such as funds administration, claims processing, investigation, claims adjustment, and risk management.
• Related Services: Management accounting jobs involve working with just one company to oversee financial records.

Insurance jobs are expected to increase at a below average rate in future years due to mergers, downsizing, and technological advances that result in greater efficiency processing claims. The best prospects will be for jobs in the health insurance industry.

Types of Jobs

The insurance industry includes jobs for administrative clerks, auditors, accountants, computer analysts, programmers, claims clerks, data processors, sales managers, underwriters, agents, secretaries, management analysts, engineers, bookkeepers, appraisers, and actuaries.

Training and Education

Insurance jobs require you to have skills in technology, mathematics, and communication. Support clerks need to have a high school diploma or an associate’s degree accompanied by on-the-job training. Management, business, or financial jobs require a bachelor’s degree in a related field. Insurance jobs that involve specializing in an area such as underwriting may require certification through organizations such as the Insurance Institute of America. State licensing in claims examination, investigation, sales, or adjustment may be needed for some positions.

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