Insurance Careers Jobs Training Employment Information

Today, many of the best jobs in finance are nowhere near Wall Street; they’re in the insurance business; 2.5 million American’s work in this trillion-dollar industry. Because population continues to rise, as does individual wealth, the need for insurance will continue to grow. Working in insurance means assisting companies and individuals in guarding themselves against loss. Risk management is an integral part of the work. Those in the insurance business can expect stimulating, lucrative environment. As an insurance professional, you will guide customers in identifying the type, and level of insurance necessary, and help them purchase the correct policy. Positions in the insurance agency include sales representative, underwriter, customer service representative, asset manager, or actuary. Despite the ‘used car salesman’ image that insurance agents are sometimes pegged with, the agents of today focus more than ever on the assisting customers in their time of need.

Career Insights

It’s all about Risk Transfer

Usually for an annual premium, an insurance company agrees to assume the risk associated with a client’s assets. This difficult, yet rewarding industry will probably maintain its current rapid growth.

The Big Three

The three most common types of insurance are property and casualty (for automobiles, homes, and businesses), health insurance, and life insurance.

The Biggest Opportunity No One Knows About

Few students understand the incredible opportunity for success and prosperity that exists in the insurance industry.

Calling all Extraverts

While it is important to understand, and even like quantitative risk analysis, people skills and the ability to communicate are just as important, if not more so in the insurance industry.

Insurance is Not Just About Selling!

There are quite a few people weary of an insurance career because they think they have to be an aggressive sales person. Of course, sales is a necessary ingredient, however insurance is a service everyone needs. Besides, most positions do not require straight sales.

Skills and Talents

Level of People skills required: High
Level of Sales skills required: Medium
Level of Communication skills required: High
Level of Analytical skills required: Medium
Level of Ability to synthesize required: Low
Level of Creative ability required: Medium
Level of Initiative required: Medium
Level of Work hours required: 35-55/week
Job Opportunities

Actuary

Actuaries are responsible for determining the risk involved in insuring a person’s life, their property, their health, or their business. If you’re 23, you probably pay more for auto insurance than your friend who is 27. That’s because an actuary determined that age has a dramatic effect on the risk of insuring a driver. Because there analysis is used to establish coverage risk, actuaries are one of the most important elements of the insurance industry. A successful actuary understands government legislation and social tendencies that effect risk. They often work with government entities, insurance agencies, pension management firms, and other advisors.

Continued..... Life Insurance Agent and Broker

Career In Insurance Sector : Life Insurance Medical Insurance


				Insurance Careers Jobs Training Employment Information



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