When people think of the insurance industry they often think of insurance sales and claims adjusters. Both of these are important positions, but there’s a great deal more to the insurance industry than these two positions! Here are some examples:
Like most industries, insurance relies heavily on administrative staff to keep their businesses running smoothly. This can include everything from answering phones to data entry and more. Administrative experience is helpful, especially if it’s an industry that is relevant to the insurance company such as healthcare, auto, etc.
Some insurance companies work primarily with consumers, such as auto, homeowners, and some health insurance firms. However, the bulk of insurance companies work with other businesses: employers, law firms, etc. In these cases an account manager serves as the primary contact between their insurance company and a particular client, processing enrollments and generally facilitating communication between the two companies. This position generally requires an undergraduate degree and/or relevant experience.
An underwriter determines risk and reward for each insurance holder. That is to say, they determine how much coverage the holder should receive, and how much they should pay for it. Like account management, an underwriter usually has a bachelor’s degree or significant relevant experience. To advance in the insurance industry ranks, an underwriter will generally acquire a Direct Endorsement (DE) or other certification.
Are you interested in working in the insurance industry? Be sure to contact us today!