Interesting Reasons to Pursue an Insurance Agency Job in 2023

TLTR: This article covers potential insurance agency jobs that you can explore based on your skills and experience. Thus, such career pathways have potential for personal and professional growth without the need of a college degree.

Considering a career in the insurance industry? It’s not a bad choice.

According to the U.S. Bureau of Labor Statistics, the insurance industry currently employs an estimated 2.8 million people. Within the industry, there are various paths that an aspiring professional can take.

Regardless of your educational background, skill set, or experience, there’s a good chance you’ll be able to find a role for yourself. In fact, the insurance industry offers positions that will utilize analytical, mathematical, and communication skills, among others.

Furthermore, there are plenty of opportunities for advancement and increased earnings over the long haul, depending on how much time and effort you’re willing to put in.

Let’s take a closer look at a few of the reasons why insurance agency jobs are an attractive option for many people.

Variety of Career Paths

Besides comprehensive areas you can specialize in, such as car insurance, health insurance, and life insurance, the industry can offer numerous specific positions. For instance:

• Actuaries set premiums. They calculate potential risks to help carriers maintain their profits.
• Adjusters inspect claims-related cases and assess the cash benefits that a client should receive.
• Examiners review claims to decide whether they should be approved or denied.
• Investigators analyze suspicious claims to prevent insurance fraud.
• Underwriters assess potential clients to determine whether they present an acceptable level of risk for an insurance company.
• Sales Agents help people and businesses to find insurance policies that fit their needs and budget.
• Claims and Policy Processing Clerks take care of administrative tasks such as paperwork and record keeping.

That these are just a few of the commonly available insurance agency jobs. And keep in mind that since there are insurance policies that cover virtually anything you can think of, you can carve out a niche for yourself specializing in an area you may have a personal interest in—technology, art, cars, boats, etc.

Start Without a College Degree

Many companies in the U.S. require you to have a four-year degree to be eligible for a job. That’s not so for the insurance industry.

According to the United States Census Bureau, in 2019, 28.1% of the population aged 25 and older had completed high school as their highest level of education. These folks would have a difficult time finding decent-paying work…if it wasn’t for the insurance industry.

Many companies in the U.S. require you to have a four-year degree to be eligible for a job, but for insurance agency jobs, you can start off as a sales agent as long as you have a high school diploma or the equivalent.

While working in insurance, you’ll receive on-the-job training. You don’t need any prior experience. All you need is enthusiasm and a will to succeed. Thus, with experience and hard work, you can climb up the ladder to become an accomplished insurance agent.

Career Growth In Insurance Agency Jobs

As the insurance industry continues to grow, the demand for well-trained professionals will also increase. According to the Bureau of Labor Statistics, the number of insurance sales agents is expected to grow by 10% from 2016 to 2026.
And as the current workforce ages and retires, insurance companies will need new personnel to take their place.

The insurance industry is centered around people. Besides on-the-job training, some companies will even finance the education of promising employees.

Most positions in the industry offer attractive salaries, benefits, performance-based incentives, funding for training, and more.

What do you think? Does it sound like a career in insurance might be for you? Browse through our membership plan to see what works for you.