5 Things Students Should Know About the Insurance Industry
The insurance industry oftentimes has a negative stigma among students. When asked “What do you want to be when you grow up?” it is rare to hear “A claims adjuster” or “An insurance customer service representative”. However, we would like to share with you five things students should know about insurance which prove that it is a much more attractive industry to work in than meets the eye.
As long as people own homes, drive cars, own businesses, and continue living their everyday lives, insurance will be a necessity. According to Insuring Ohio Futures, more than 107,000 Ohioans work in the 245 insurance companies across the state. Property Casualty 360 says that by 2020, the Ohio insurance industry is projected to have nearly 30,000 available positions. With all of the job openings available you can enter the insurance career market with confidence that you will find a career that will be a great fit for you.
Most insurance careers offer competitive benefits. Some benefits include competitive pay, retirement plans, paid time off, medical, dental, and vision insurance as well as flexible spending accounts. Depending on the company, there may also be opportunities for adoption assistance, tuition reimbursement, fitness facilities, flexible work arrangements, and insurance discounts.
According to mypath, the rapid retirement in the insurance industry, is opening up hundreds of thousands of jobs and allowing new hires to quickly advance in the industry. At GEICO they emphasize the fact that insurance companies grow and thrive in both small towns and large cities. With insurance jobs in every city across the country, insurance career opportunities are abundant. After starting with an insurance company there are regularly opportunities development as well as advancement. Professional licenses and continuing education courses are often encouraged by employers. In some cases companies will even pay for furthering education opportunities for their employees.
Insurance protects us from risk every single day. Whether people realize it or not, insurance makes a positive impact on people’s lives and on the community. Insurance provides peace of mind and a sense of security to handle the unexpected. Insurance allows people to take risks they might not otherwise be willing to take which results in moving society forward. Additionally, most insurance companies provide opportunities to volunteer within the community in some capacity. At the end of the day insurance helps people, which is something to feel good about.
As a student today, you probably grew up with technology as part of your everyday routine. Agencies are updating the way they operate and integrating technology in every insurance process from shopping for policies to making a claim. With technological knowledge at your fingertips, students today looking for insurance careers in the future will be able to make a big impact with their technological savviness.
Take our Insurance Career Survey, designed to help you learn more about a variety of possible insurance career paths that align with your goals, interests and skills!