is the insurance industry a good career

The industry also has trends, Cyber Insurance being the most recent one. The insurance industry is a great place to start — and grow — your career. When you become an insurance agent, you can juggle your time however you see fit. If used properly insurance can help individuals and families by mitigating risk. Working in insurance can be a hugely rewarding career. Insurance is a consumer staple, so it's not subject to the booms and busts that affect trendy products and services. Yet unlike with some fields, in which higher educational barriers to entry equate to greater demand and job growth potential, this is not necessarily true in the world of insurance. As stated previously, insurance is kind of like death and taxes. Insurance understands and helps to manage all of these issues and so many more. There is also security in insurance and it is unique in that it can offer exceptional benefits to employees in the industry. * Evening appointments vary by semester. February is recognized throughout the industry as Insurance Careers Month, a chance for insurance companies to showcase the benefits of a career in the field. If you’re good with handling highly emotional people, you’ll make an amazing insurance agent. An insurance career can offer stability, variety, challenges, rewards, above average potential for advancement and the opportunity for you to take your career where you want to go. I really enjoy when this comes around every year. Reward. It depends on in which level you want to enter. An insurance career can offer stability, variety, challenges, rewards, above average potential for advancement and the opportunity for you to take your career where you want to go. It’s a stable field, according to the U.S. Bureau of Labor Statistics, and jobs in most insurance-related occupations are expected to grow. It just won’t happen. 1. And if at all possible, choose one that pays a good salary and is in a field that will have plenty of jobs in the years to come. We also delve a little deeper into how to become an Insurance agent, and particularly how to become an independent insurance agent, as well as the pros and cons of being a captive versus independent agent. The health insurance industry is a vast one with many career choices you could pursue. While the most successful agents in the nation make more than $1 million annually, many of those who sign on to sell insurance wash out within a year. February is recognized throughout the industry as Insurance Careers Month, a chance for insurance companies to showcase the benefits of a career in the field. Fran Majidi. This makes many different majors the opportunity to find their place within the industry. As long as you pass the licensing state, you can be well on your way in starting a career! There’s nothing people hate more than being treated poorly when they have to buy insurance or have questions to ask about their current policy. A college degree is preferred but is not required in many insurance firms. Communicating with a 30-year-old business man today is much different than how they were approached 20 years ago. At its roots, the insurance industry is about protecting members of a community. Because millennials are becoming a target market, companies need employees who can relate to this growing customer base. A Stable Industry. If you’re good at giving guidance and clearing the cobwebs for your clients by simplifying the daunting insurance jargon, you’ll be a winner in your profession. This makes insurance an industry where millennials can really find their place in an industry that needs them desperately. In general, though, your success relies on your individual efforts. Working in this industry will give millennials the opportunity to analyze the risk of an enormous different types of people and businesses. There are lots of opportunities for recent graduates to find a good mentor. Everyone has to purchase insurance in some form or fashion. “Insurance as a career is not just about sales. Any industry you find yourself going in to will have a need for strong risk assessment skills. 1. In the next 10 years, about 40,000 jobs will become available in the insurance industry. An insurance career can help satisfy this desire for meaningful work and community involvement. This is true for independent insurance agents more so than carrier ones. by Jennifer Towne | Insurance Careers |. The better you are at thinking quickly and critically the better you will be at helping your customer properly cover their business. You’ll be able to supply your entire neighborhood and beyond with products designed to prevent financial disaster. Valuable skills include knowledge of the insurance industry and of business practice as well as skill in making presentations to upper management. If developing skills that can transfer to several different industries is a priority, then insurance can provide that too. Because of the requirement to purchase coverage, this industry provides recent graduates with an industry that will stay relatively stable for the foreseeable future. There is a wave of older insurance and risk management professionals retiring right now, opening up hundreds of thousands of jobs and allowing new hires to quickly advance. In 2015, 2.5 million people worked for almost 6,000 different insurance companies in the United States. Selling life insurance is a tough way to make a living and an even more difficult way to sustain a lucrative, long-lasting career. 1.) You won’t be making lots of money unless you’re putting in the hard work and learning from trial and error what works and what doesn’t. As the world changes, insurance risks and needs change. Insurance fraud is a … Insurance? We’ve listed some of the best reasons to become an insurance agent below. It’s a good idea to research company culture to see where you might be a good fit. Consider that having auto insurance will pay for an accident that was your client’s fault, saving them tens of thousands of dollars. For that reason, the industry is not going anywhere and it will be relatively stable. As in any industry, there's always an underlying support staff, and job titles and responsibilities can vary somewhat from employer to employer. About the author: Patty loves a challenge and never knew how much she needed a new one until she took a position with Combined Insurance.She was a horse trainer for 15 years, and when her champion stallion passed away, she found herself without a goal for the first time in a long time. Selling life insurance is a tough way to make a living and an even more difficult way to sustain a lucrative, long-lasting career. If a recent graduate wants to stay in one industry for 10 or 20 years, insurance is the industry to look to. Soon they will be a larger demographic than baby boomers. Doing well in this job requires a person who is resourceful, tactful and good with people. Make a difference. This opens up opportunities for graduates of all majors. Making the decision to enter the insurance industry is not a career move to be made lightly. Due to the low barriers of entry, insurance sales is a good career choice for people who are transitioning into a new career following a major life change. You have one big licensing test to study for, and there are lots of classes designed to hold your hand through the whole process. April 16, 2012 October 28, 2014 There’s nothing like personal service to maintain client loyalty. This means people who work in the insurance industry have to stay abreast of these changes and learn how to continue to help people and be profitable. In light of the low levels of interest in insurance careers among young talent, now might be a good time to survey some of those benefits: 1. If insurance is not already on your radar as a career, it should be. Being an insurance agent can be a wonderful way of helping people and spending your days getting to know the people in your neighborhood and beyond. The industry has not exactly kept up with technology. In the spirit of Thanksgiving, we compiled this list of 10 reasons to be grateful for your career in insurance. Insurance Investigators . Having trouble picking an industry to start your career? A career in insurance sales can be a real gamble even for someone with prior sales experience. People will always have to purchase insurance in some form or fashion. When it comes time to branch out and start selling insurance outside of your local 5-mile radius, you can buy leads. You’ll be building relationships that may be life-long ones if you do a good job. 2. This is Insurance Careers Month. Not all jobs are merit-based in their salary structures. The way a customer purchases insurance has changed dramatically over the past decade. Communication, risk management and critical thinking are three skills that are essential for success in the insurance industry. Sure, there’s nothing sexy about insurance but there is something soothing about knowing you won’t be out of a job tomorrow because no one is buying insurance. Insurance companies need employees to help them communicate with these new potential customers. Today, insurance is a $421 billion dollar industry in the U.S. US News ranks the 100 best jobs in America by scoring 7 factors like salary, work life balance, long term growth and stress level. Employment change. They may need you to keep them calm after they’ve had an accident or after someone near and dear has died. The ability to develop transferable skills. It's a vast industry and if you're interested in being part of it, there's almost certainly a job that's a good fit for you. Millennials want to shop for insurance in a much different way than baby boomers. Millennials are now old enough where they have to purchase their own insurance and some are even beginning to start their own businesses. But, why work in insurance? Do you think becoming an insurance agent is the only opportunity for you in the industry? If this is the only industry you’ve worked in, it can be easy to take all the perks for granted and even if you’ve worked here for 30 years it’s always good to remember just how good we have it. The industry is changing with many customers wanting online and mobile options and successful insurance companies need help accommodating their customers in these new ways. While the chances of becoming a millionaire are slim for most insurance agents, the average agent makes almost twice the national average salary. You do not have to have a business degree to be in demand in the insurance industry. Young people, relatively speaking, aren’t flocking to become insurance agents. * If you require an accommodation to utilize any resource or to participate in any event, please contact our office. Next 10 years experience only do we put time into closing the protection gap, we also on... Starving for new talent your entire neighborhood and beyond with products designed to prevent financial disaster million... Largest sectors, insurance is kind of like death and taxes everyone has to buy insurance adjuster. Required to carry car insurance if they are not fully covered it could result a. Bad and gauging your tolerance for the state licensing exam, and companies to... 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