Insurance Careers

Insurance Careers Overview

Insurance Careers Overview

There are actually a few options for those interested in a career in insurance. Insurance careers include sales agents, underwriters and claims adjusters. Insurance agents assist clients in choosing the coverage and plans that are best-suited to their needs. Underwriters evaluate the applications of potential clients to determine whether coverage should be provided and what the premiums will be. Claims adjusters assess the claims of clients and determine how much money, if any, the client should be paid for their claim.

Insurance Education

Taking a position as an agent is a good way to get your foot in the door for more advanced insurance careers. A high school diploma is the minimum educational requirement, although you must also be licensed through the state. Although many companies like to see a bachelor's degree when hiring for underwriters or adjusters, your experience as an agent along with excellent computer skills, may land you either job without the degree.

Insurance Job Market

As far as insurance jobs go, the outlook is best for sales agents. Projected economic growth is expected to increase the demand for insurance agents by seven percent, going from 443,400 in 2012 to 489,300 by 2022. Automation is the explanation the Bureau of Labor Statistics (BLS) gives for the slow three percent growth in claims adjuster jobs (only up to 321,900 by 2022 from 311,100 in 2012) and the six percent reduction in underwriting jobs.

Insurance Salaries

Though the BLS reports that most insurance agents work off commission, they still bring home a nice paycheck. The median annual salary for an agent is $48,150. Claims adjusters are the next step up the pay-scale, earning an average yearly wage of $59,960. If you can land an underwriting job, it's the most lucrative of the insurance careers with a median salary of $62,870 per year.

Liberty Mutual

Orange, California

{FeaturedJobPostedDateText}02/20/2019

Description Advance Your Underwriting Career at Liberty Mutual Insurance- A Fortune 100 Company Our middle market underwriters focus on answering two fundamental quest...

Liberty Mutual

Portland, Oregon

{FeaturedJobPostedDateText}02/19/2019

Description Advance your career at Liberty Mutual - A Fortune 100 Company! Are you looking for an opportunity to join a claims team with a fast growing company that ha...

Liberty Mutual

Los Angeles, California

{FeaturedJobPostedDateText}02/19/2019

Description Launch your Underwriting career at Liberty Mutual Insurance - A Fortune 100 Company! For an assigned book of the largest and most complex commercial Inland...

Liberty Mutual

Weston, Massachusetts

{FeaturedJobPostedDateText}02/18/2019

Description Advance your career at Liberty Mutual - A Fortune 100 Company! Are you looking for an opportunity to join a claims team with a fast growing company that ha...

Prudential

Newark, New Jersey

{FeaturedJobPostedDateText}02/13/2019

Description For more than 135 years, Prudential Financial Inc. has helped individual and institutional customers grow and protect their wealth. Today, we are one of th...

Liberty Mutual

Boston, Massachusetts

{FeaturedJobPostedDateText}02/11/2019

Description Advance Your Underwriting Career at Liberty Mutual Insurance- A Fortune 100 Company Our underwriters focus on answering two fundamental questions. Should w...