A new employment survey for the insurance sector confirms that there are excellent career opportunities!

March 10, 2023
10:39 pm

Joy Olaivar

Insurance companies were asked what their future hiring plans

and what challenges they have through the hiring process. In 2015, the insurance industry saw a record number of employees (over 2.5 million) and continues to have one of the lowest unemployment rates in any sector (2.3%).

If you are currently in the insurance industry,

This report might provide you with some excellent information to guide you through your career. The research will show you that the insurance sector has excellent jobs, excellent salary, and excellent future chances if you are considering working in this field.

Furthermore, the average age in the insurance industry is 59 years old. For the next ten years, the retirement of a large percentage of the insurance workforce will create outstanding career opportunities. To review, the insurance industry has low unemployment, is in recession proof, tons of great jobs, and tremendous upward mobility.

1. Employers can't find skilled talent

Extremely accurate, and they made sure to mention it in the survey. You need the necessary skills to be hired for these positions. The issue the insurance sector is currently facing is that they haven’t done a very good job of communicating to college graduates how terrible their jobs are. When I mention professions like actuary, terrorism underwriters, and nurse case manager during my presentations at numerous institutions, they have no idea what these even are!

If you enjoy math, an actuary’s starting pay is about $70,000. Starting salaries for underwriters and nurse case managers are both approximately $45,000 to $60,000. The best occupations you may have never heard of are these! Although employers are training in these areas, you do require expertise. Simply said, they need to do a better job of spreading the word about how awesome insurance jobs are. Insuremypath.org is an excellent resource for a thorough investigation of insurance jobs.

2. Sales jobs are hard to fill

Luckily or unfortunately, the majority of job seekers are aware that the insurance sector contains sales positions, and this knowledge turns them off. They picture the door-to-door life insurance salesperson. You are missing the boat if you are already employed in sales and have not thought about a career in insurance sales. For starters, since you can renew your policy holders each year, the majority of insurance sales positions provide residual revenue. The job burden has been significantly reduced thanks to technology, which also enables you to work with each client more effectively. Not to mention, many professions offer excellent perks and good salary. Examine the positions available with brokers, agents, and direct writers.

3. Geographical issues

Some insurance companies operate offices or territory in places where it is difficult for them to fill positions. This gives some fantastic opportunities to work for great companies for job searchers who can travel around. For instance, a big insurance company in South Florida has to hire twenty property claims adjusters. There is employment available for anyone in the north who wishes to relocate to Florida to escape the chilly weather. Look for businesses that may be in the suburbs if you’re mobile. There are many excellent jobs available.

There are a ton of available positions in the insurance sector, and if you truly do your study on each of the many different professions there, you might find a fantastic place for your career!