How to Make a Career Transition Into the Insurance Industry
So you’re thinking of transitioning into an insurance career, but are unsure where to start.
Whether you’re actively looking for a new role or simply trying to learn more about the industry, we outline three steps below to make a career transition into insurance as seamless as possible.
1. Evaluate career paths.
From marketing and communications to underwriting and analysis, the insurance industry offers a multitude of career paths for young professionals.
In the midst of researching jobs and internships, you may feel overwhelmed by the number of available career paths. A natural starting point is often to look at a business that offers a primary service of interest and its associated positions. For instance, if graphic design, customer service and website management are of interest to you, then research jobs specific to marketing and communications. This will help you find a career that matches both your skills and talents.
Furthermore, network with individuals in positions of interest. If you can, ask to job shadow or grab coffee. This will help you get a sense of what that career path entails, and whether you see it being a good fit for your next role.
2. Search for entry-level positions.
If you’re looking to make a transition into insurance right out of college or with no prior experience, start by researching entry-level positions online.
A quick search can help you understand what to expect in terms of roles and responsibilities. Make note of any educational requirements and qualifications, such as certifications and designations. Oftentimes, these items are listed in descending order of importance and relevance to the specific job.
Additionally, take time to read individual job descriptions. What professional skills and strengths are necessary to succeed in insurance? Identifying these hard and soft skills will help you determine if the job and company is right for you.
>>>Related resource: Are you transitioning from a previous career pathway into the insurance industry? Learn what skills are transferable from other industries and pathways.
3. Start the application and interview process.
Once you’ve evaluated possible career paths and searched for entry-level positions, it’s time to start the application and interview process.
Similar to the points above, take time to vet job postings. What materials are required to apply? Before submitting a resume or cover letter, review the description to see what credentials are important and tailor your materials accordingly. In doing so, you prove to the employer that you’re the right person for the job.
Once you’ve secured an interview, do your research. While you may not know everything about insurance, now is the time to brush up on the industry. Come ready to answer and ask questions to leave a good impression.