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How to Get a Job In The Insurance Industry

Nov 30, 2023 Share
insurance agent having a meeting with a couple

If you want to switch careers and are looking for a good paying job in an industry that not only offers a god salary, but often offers commissions too, you might want to consider starting a new job in insurance.

But even if you’re already a licensed, seasoned insurance agent and are currently employed, you should know that there may be some great opportunities out there for you if you choose to switch agencies or brokerages.

How great are these opportunities? Well, Yahoo! Finance says that by 2027, the global insurance industry will grow by $1.4 trillion.

[1]

That’s massive growth, and guess who’s needed to support that growth?

You got it… insurance industry professionals!

Now, insurance agents can make a very good living. In fact, the average insurance agent makes between $50,267 and $62,086 a year.[2] But some agents, especially those with top commission structures, can earn well into the six figures.

But even if you’re not yet a licensed insurance agent yet, the demand and the earning potential is there for you, and so is the opportunity. Best of all, if you aren’t licensed yet, you don’t need to spend years sitting in a classroom to become an insurance agent.

You see, while licensing varies by state, most people can earn an insurance license in just a few weeks’ time, and with today’s technology you can sometimes even do it online!

However, you don’t need to be a licensed agent to get started in insurance. There are many entry level jobs in the industry that may allow you to work towards your license while still getting paid a full-time, entry-level salary.

Like we said, with such big growth in the industry (as Yahoo! Finance shows), demand for new insurance professionals is high.

So, it doesn’t matter if you’re already a licensed agent, or are looking to get started in the insurance industry with an entry level job…

The opportunities are there!

Now, if you’re already a licensed insurance agent and are looking for a new opportunity in the industry, go to FindYourJobNow.com’s homepage.

Once there, enter “insurance agent” in the Job Description search bar, and where it is you want to work in the Location search bar, and all your opportunities will appear.

However, if you’re not yet licensed but want to get a start in the industry, simply put “entry level insurance” in the Job Description search bar, and where you want to work in the Location search bar, and you’ll see opportunities for entry level jobs in insurance.

Keep in mind, some of the entry level insurance jobs you see may not require you to be licensed yet but may offer you the opportunity to get licensed… as you’re getting paid.

Now, there are many different kinds of jobs in the insurance industry, and if you’re wondering which avenue to take (if you haven’t already found your focus), here are the nine most popular jobs in insurance:

Insurance claims investigator: You’d work for an insurance company to investigate suspicious claims to assure there is no fraud.

Insurance claims adjuster: You’d be responsible for deciding how much an insurance company should pay out for a claim.

Insurance loss control consultant: You’d work with businesses to create strategies to reduce risk, losses, or damage.

Insurance broker: You’d work directly with insurance buyers to offer a wider selection of services, policies, and products than insurance agents do.

Insurance agent: you’d be selling various insurance policies to individuals or businesses.

Automobile appraiser: After a vehicle accident, you’d be responsible for examining damaged vehicles to estimate repair costs and claims settlements.

Insurance risk analyst: You’d evaluate the risk of potential client claims by assessing operations, safety of the business and more.

Actuary: Using statistical probability of payouts, actuaries determine the costs of uncertainty of events that may or may not happen in the future.

Insurance underwriter:  you’d work for an agency to determine if a potential policy holder is too much of a risk to insure or not.

So, if you’re looking for any of these jobs, or entry level jobs in insurance, head over to FindYourJobNow.com and begin your search.

We’ll get you connected to employers who are actively hiring both seasoned insurance agents and those who are just getting started. Good luck!

[1] The Global Insurance Market is forecast to grow by $1429.64 bn during 2022-2027, accelerating at a CAGR of 4.5% during the forecast period (yahoo.com)

[2] Insurance Agent Salary | Salary.com