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

Wausau, Wisconsin

{FeaturedJobPostedDateText}02/23/2018

Description Advance your career at Liberty Mutual - A Fortune 100 Company! Under moderate supervision, responsible for rating/coding a range of insurance policies and/...

Liberty Mutual

Rocklin, California

{FeaturedJobPostedDateText}02/22/2018

Description Advance your career at Liberty Mutual Insurance - A Fortune 100 Company! If you're a registered nurse looking for a new opportunity to work in a fast-paced...

Liberty Mutual

Weston, Massachusetts

{FeaturedJobPostedDateText}02/22/2018

Description Advance your Claims career at Liberty Mutual Insurance- A Fortune 100 Company! At Liberty Mutual Insurance, Claims is not just about processing paper, it's...

Liberty Mutual

Bala Cynwyd, Pennsylvania

{FeaturedJobPostedDateText}02/22/2018

Description Advance your Underwriting career at Liberty Mutual Insurance- A Fortune 100 Company! The Associate Account Analyst will acquire a basic understanding of ri...

Liberty Mutual

Nashville, Tennessee

{FeaturedJobPostedDateText}02/22/2018

Description Advance Your Underwriting Career at Liberty Mutual Insurance- A Fortune 100 Company Our Underwriter- Custom ensures a profitable book of Property and Casua...

Liberty Mutual

San Diego, California

{FeaturedJobPostedDateText}02/20/2018

Description Launch your Underwriting career at Liberty Mutual Insurance - A Fortune 100 Company! Provides timely and high quality customer service to underwriters and ...