The Attractions of Insurance as a Career

insurance jobsFew people realise the importance of the insurance industry to the British economy or just how large the industry has become. Without insurance, businesses could not function and other industries would probably grind to a halt. But, why should you choose to work in the insurance industry rather than another? The reasons are varied, but here are a few to consider.

Salaries and benefits

Money is always a factor in any career choice and salaries in the insurance industry compare very favourably with other sectors. At the basic insurance sales level, there is great potential as commissions enhance the basic salary, meaning that the harder you work, the more you receive. Also, as you progress to administrative roles, you can expect good salaries supplemented by generous performance related bonuses. Some employers offer additional benefits, like subsidised mortgages, which make a career in insurance even more attractive.

Career development

The insurance industry has a well-defined career development path based on experience and performance. There are also many opportunities to upgrade your skills by taking courses and examinations to prepare yourself for more senior positions. If, however, you are not satisfied with where you are, you can always seek employment elsewhere, as your skills will be easily transferable to other companies, even those not necessarily involved directly in the insurance industry.

Although the industry experienced a downturn as the effects of the worldwide economic slump took hold, prospects now look brighter and a good future in the industry seems assured for the right candidates.


There is far more to the insurance industry than merely arranging cover for particular risks. There are a number of roles, each posing its own challenges, including:

  • Insurance underwriter – responsible for deciding if a risk is acceptable and at what rate premiums should be set.
  • Loss adjuster – assists in the fair and just settlement of claims by investigating the cause and extent of the loss and assessing the insurer’s liability.
  • Claims handler – examines the validity of claims and ensures that they are handled efficiently.
  • Insurance broker – acts as an intermediary between insurance companies and clients, trying to ensure that the client gets the best cover on the most reasonable terms.
  • Risk surveyor – examines the likely financial risks of any cover offered and identifies how that risk can be reduced.

The variety of roles and the unpredictability of what each day may bring, make the insurance industry a challenging and interesting career. The ability to assess a situation and find solutions to problems quickly is a trait that you will need in abundance to succeed in the industry. Great communication skills are also vital. But, f you have the right skills and are prepared to work hard, then a rewarding and secure future is virtually assured.

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