Types of insurance jobs in 2022
Insurance companies need more than agents and salespeople to work. Many companies offer multiple career options that suit people with different skill sets. Knowing the jobs available and the basic requirements to get them helps start your insurance career.
What is the function of insurance?
A career in insurance includes a range of jobs with different responsibilities and titles. Although insurance agents are the most popular of these careers, many other employees perform essential tasks in running a successful insurance company.
Each of these positions deals with a different aspect of the insurance field and requires a thorough understanding of insurance products and services and the laws and regulations governing insurance. In addition, many entry-level positions can help you gain experience before advancing to other roles in this industry.
In addition, there are also many carriers in insurance that are not related to sales but instead investigate, analyze or evaluate customers and claims to determine factors such as price and payment amounts.
Types of insurance jobs
Insurance companies have many jobs, especially lending to insurance agents, customers, or senior management.
Some of the support jobs found at many insurance companies include:
- Customer service representative
- Institutional Assistant
- Claims representative
- Young junior writer
- Vice President of Marketing
- Processing Clerk
For those interested in working directly with the clients, making sure they receive proper compensation or creating insurance packages for them, consider some of the following positions:
- Insurance Agent/Salesman
- Senior author
- Claims adjuster
- Claims examiner
Many insurance companies also require significant analytical work to determine the insurance offered to customers, pricing premiums based on customer risk factors or evaluate workplace safety. Such analyst positions in the insurance industry include:
- Risk Analyst
- A waste control specialist
Skills useful for an insurance job
Although there are many insurance types, most require similar skills. These skills help build and maintain customer relationships, evaluate data and risk factors, and perform administrative tasks. Some of the most valuable skills and attributes for insurance employees include:
- Analytical skills
- Computer literacy
- math literacy
- Interpersonal skills
- Communication skills
- customer service
- Attention to detail
- Ability to solve problems
How to get the job in an insurance company
Although there are many insurance careers, most have similar career paths. It is best practice to research the specific insurance job that interests you and find its requirements, recommended education, and experience. However, when looking for general guidelines for approaching the insurance industry, consider the following steps:
1. Get your high school diploma
Although most advanced insurance positions require a college degree, some entry-level jobs require the high school diploma. For example, some of the insurance sales positions do not require the degree, provided you have strong communication, sales, and interpersonal skills.
2. Get the bachelor’s degree
The Insurance careers that focus on the analytical and the business aspects of the field require the bachelor’s degree as the minimum qualification. Degrees that will prepare you for the career in the insurance industry include:
3. Get a master’s degree
Although few insurance careers require a master’s degree, those with more responsibility, a higher position in the company, and often, a higher salary level, these jobs prefer degrees in business, mathematics, finance, and similar fields.
4. Get work experience
Many employers prefer their associates or senior employees with experience working in the insurance industry to understand how insurance companies work. You can get this through an internship or an entry-level role such as an administrative assistant or sales representative.
5. Obtain a certificate or designation
Once you know the specific position you want, getting a certification in that field can help improve your resume. Many certificates are available and can help demonstrate your interest in furthering your education and improving your skill set. If you can’t find an in-person class, online courses offer certifications in areas such as:
- Risk management
- Insurance Act
Alternatively, some institutes offer professional designations to demonstrate that you have continued your education in fields specific to an insurance career. Some of these names include:
- A partner in claims
- A partner in general insurance
- Associate in Insurance Data Analytics
- Trusted Consultant in the Insurance
Networking is often the helpful step in finding employment and getting interviews. For example, if you know someone in the insurance industry, ask them if they know of any job opportunities or to know others in the field.
Joining a professional insurance organization is the other option for networking and getting to know you in the insurance industry. An online search may also reveal local meeting groups for those interested in or interested in the insurance careers.
Networking can do more than will connect you with the hiring managers. Meeting the other professionals in the same field can help you learn about current insurance trends, helpful tips, and skills to get the job done. You may also find a mentor who can coach and help you improve yourself.
7. Research your prospective employer
Since there are many types of insurance, such as health, auto, and life insurance, the different companies that offer each variety will likely have their requirements, expected education level, and desired experience. Consider researching the companies where you want to work most to apply the necessary skills. Studying each company also helps you understand industry trends and terminology, which can help you prepare for future interviews.