6 Insurance Career Options In The Insurance Industry
Pursue The Passion
What is one good career option with the insurance industry?
To help you find a good career in the insurance industry, we asked insurance experts and business leaders this question for their thoughts. From regional sales managers to actuaries, there are several awesome career choices that may help you find the best fit career for you.
Here are six great career options within the insurance industry:
- Make Connections as a Regional Sales Manager
- Find Opportunities in Healthcare
- Help Patients as a Long-Term Health Care Specialist
- Estimate the Impact of Risk as an Actuary
- Dig Deep as a Claims Adjuster
- Specialize in Insurance Content Creation
Make Connections as a Regional Sales Manager
Employment of insurance brokers and sales agents is expected to grow 9% by the year 2024. The insurance industry is a great industry to be in and one where growth and opportunity is always in abundance. As the regional sales manager of my independent insurance company, I am able to oversee and develop relationships with other agents and train them to be the best they can be. It is the best job ever! I would highly encourage those looking to find their career path to start by being an agent and strive to work your way up into a management role.
Find Opportunities in Healthcare
Insurance knowledge is needed when working in the dental or medical industry. There are so many career options within dentistry that rely heavily on working with insurance agents and understanding the policies and coverage of many different health insurance plans. There is also the opportunity to work for a dental specific health care company, like Delta Dental (https://www.deltadental.com/), that combines dental and insurance knowledge in one place.
Help Patients as a Long-Term Care Specialist
Long-term care planning is one of the most rewarding careers within the insurance industry. As a long-term care specialist, you are able to help people find sensible and affordable healthcare and life insurance plans. You can educate people about the risks they face and the costs associated with life insurance (https://abramsinc.com/life-insurance-needs-calculator/) so that people can make a sound decision to support their life. The career becomes even better if the passion and drive can come from personal experiences, either within your own life or that of a friend or family member.
Estimate the Impact of Risk as an Actuary
The insurance industry has so many great career opportunities. Based on my previous experience working with insurance companies, the role of an actuary is very important to most insurance companies. According to the Bureau of Labor Statistics the 2020 median pay is $111,030 per year. Most actuaries need at least a bachelor’s degree and must pass a series of actuarial exams for professional certification. They also need strong skills in mathematics, statistics and financial theory. The job outlook is also expected to grow 18% from 2019 to 2029. The insurance industry involves managing risks and uncertainties and actuaries use their technical expertise to estimate the financial impact associated with those risks.
Dig Deep as a Claims Adjuster
You are tasked with investigating accidents, reviewing paperwork for errors or fraud, negotiating settlements between parties on behalf of your company’s policyholders, coordinating with healthcare providers about medical treatment plans—all while trying to minimize costs for those who have experienced loss due to injury or damage from their accident/loss event. A good rule of thumb is that if you enjoy doing research then this may be right up your alley.
Specialize in Insurance Content Creation
Insurance copywriting allows specialising over time. As a competitive industry, insurance content creation sets very high quality standards, which usually are matched with high rates. Understanding of different insurance products and industry challenges also develops knowledge that may turn into an alternative career.
