Insurance Industry Job Outlook
Many clients do their own research and purchase insurance online.
Insurance industry job outlook. To get right to the point the job outlook for people working in the insurance industry is good. However agents will still be needed to help clients understand their options and choose a policy that is right for them. State area data. According to the bureau of labor statistics the insurance industry is projected to grow 10 by 2022 from where it was in 2012.
Careers in the insurance industry include selling plans and processing claims for all types of insurance such as life health and auto insurance. Breaking the numbers down further. You could be a policy processing clerk a sales agent or an insurance examiner. There s no one size fits all approach.
This is a medium sized occupation. Employment of insurance sales agents is projected to grow 10 percent from 2018 to 2028 faster than the average for all occupations. In fact the outlook for most organizations is positive with insurance companies expected to grow revenue as well as their staff numbers in 2019. Total insurance sales agent jobs are projected to grow by 11.
Connect with her on linkedin at www. The insurance industry continues to generate growth around the world maintaining overall profitability despite turbulence in the global economy. She is based in mumbai india. These estimates do not take account of the impact of covid 19.
Wage and salary employment in the insurance industry is projected to grow about 3 percent between 2008 and 2018 compared to the 11 percent growth projected for wage. In several sectors such as life insurance and annuity l a continued growth will in part result from increased demand in emerging markets. Lingering unknowns however such as the outcome of brexit ongoing trade conflicts slowing economic growth. As a policy processing clerk you would primarily process incoming applications for new insurance policies.
Using secondary and survey based data ashani has contributed to several deloitte insights articles including the 2019 insurance outlook. Insurance agents work in many regions of australia. Insurers could benefit from economic trends but longer term challenges call for transformation and the state of cybersecurity at financial institutions. Job outlook for the insurance industry about this section demand for insurance will increase but employment in the insurance industry will increase more slowly than employment growth across all industries.
Additionally she coauthored tapping into the aging workforce in financial services. The main goal of this 2010 survey is to gauge the year s employment outlook by asking insurance companies agents and brokers third party administrators and managing general agents the following questions. We spoke with 54 insurance companies which in total employ 285 871 employees and found out some interesting information that would help many in a job search. Most work in the financial and insurance services industry.
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