Many people believe that working in the insurance industry is dull and uninteresting, but speaking with those who work in it can reveal many reasons why insurance is so important and how it can be fascinating and rewarding. Some of these reasons include the following:
• The ability to help people and businesses in managing risks and recovering from unexpected events
• The opportunity for career growth and development through training and professional development programs
• Competitive salaries and benefits, including health insurance and retirement savings plans
• The satisfaction of knowing that by providing insurance services, you are making a difference in the lives of individuals and communities
The insurance industry is divided into two different sectors:
Employee Benefits and Property and Casualty.
Working in the employee benefits sector entails delivering healthcare and other benefits to employees of firms and organizations (vision, dental, health benefits). On the other hand, working in the property and casualty insurance sector entails providing coverage for risks linked with individuals’ and businesses’ property and assets (auto insurance, property, cyber security, …). The primary distinction between the two is the sort of coverage offered. Both require excellent customer service and technological knowledge.
There are a few different ways to get involved in the insurance industry:
- Work for an insurance carrier (Allstate, State Farm, Liberty Mutual, Progressive, Travelers, USAA…)
- Work for an insurance broker (Aon, M3 Insurance, Gallagher)
Insurance is incredibly important because it protects people and businesses from financial loss and uncertainty. Working in the insurance industry allows insurance professionals to make a difference in their clients’ and communities’ lives. If you are interested in learning more about working in insurance, feel free to reach out to me or schedule an appointment.
Oliver De Croock ’24, Student-Athlete at Lawrence University majoring in Economics and Career Peer Educator. Connect with me on LinkedIn.