For most people at the stage of choosing a profession, a job in the insurance sector may not seem to be the most exciting career path. Well, that could not be further from the truth. Whether you are just getting started or looking to change, getting into insurance can be one of the most rewarding decisions. With its vast array of opportunities, insurance offers the unique chance to work in a both challenging and ever-evolving industry. From risk analysis and underwriting to sales and customer services, there are numerous paths to explore in this domain.
In this read, we are going to delve into this essential component of modern society, specifically looking at reasons a career in this field could be perfect for you.
1. Insurance is Not Going Anywhere
Regardless of the changes in the world, people will always have a need for insurance, whether the purpose is medical care, business protection, car coverage, or home coverage, people and entities will always require protection for their biggest assets.
2. Join a Growing Industry
According to the Bureau of Labor Statistics, U.S. Department of Labor, job opportunities for insurance agents is expected to grow 7% by 2030, a figure that is higher than most occupations.
3. Opportunities to Advance
No matter where you begin in the insurance industry, you’ll have numerous opportunities to consider. Most people start in customer service, then advance in sales, accounting, and claims. Once you are aware of your strengths and weaknesses, you will have the opportunity to explore varying roles and settle for the one that fits you best. If you have an interest in data, for example, you can get into claims or accounting. If you are better at communication or relationships, sales may be the best route.
4. There’s an Opportunity for Your Unique Skillset
Regardless of your background, chances are there’s a position for you in insurance. For example, if you practice nursing or social science, you can be the best match for a career in claims. If you are an engineer, you may become a professional risk manager. You can even work in sales if you have a passion for technology, travel, or boating. There are limitless opportunities in insurance as long as your unique skillset brings something to the table.
5. Deal with Something New Everyday
In the insurance industry, no day is the same. Whether it is dealing with a new business risk or new clients, each day will present new challenges for you to handle. With most industries changing regularly, so do the learning opportunities. With the introduction of new or advanced technologies like 3D printers, drones, autonomous cars, and artificial intelligence, it’s the role of people in the insurance domain to stay abreast of these changes and offer the best coverage alike.
6. Flexible Work Schedule
Depending on your position, you may have to travel for business. This presents opportunities to meet new people of varying backgrounds as you assist with their insurance requirements. This allows you to make new friends and connections, and even learn more about other cultures, etc.
7. Chances to Continue Your Education
Another great thing about working in the insurance industry is that you have the opportunity for self-growth. This applies whether it is researching a niche, taking courses, attending webinars, or networking conferences. In addition, you can volunteer to become a board member of a charity; the learned communication and leadership skills will come in handy in furthering your career.
The Takeaway
Contrary to popular belief, the insurance industry is one of the most appealing fields to get a job. With the benefits mentioned above, we hope this article clears your concerns, whether you were curious or on the fence.