Insurance Industry Job Outlook
They may not reflect the current jobs market and should be used and interpreted with extreme caution.
Insurance industry job outlook. However in a market with historically low unemployment rates 3 9 across the country and 1 for insurance companies it becomes difficult for businesses to find and recruit specific talent for the new jobs that are emerging in this sector as. Breaking the numbers down further. However agents will still be needed to help clients understand their options and choose a policy that is right for them. To get right to the point the job outlook for people working in the insurance industry is good.
Total insurance sales agent jobs are projected to grow by 11. This is a medium sized occupation. As a policy processing clerk you would primarily process incoming applications for new insurance policies. Connect with her on linkedin at www.
According to the bureau of labor statistics the insurance industry is projected to grow 10 by 2022 from where it was in 2012. In several sectors such as life insurance and annuity l a continued growth will in part result from increased demand in emerging markets. 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. Using secondary and survey based data ashani has contributed to several deloitte insights articles including the 2019 insurance outlook.
Careers in the insurance industry include selling plans and processing claims for all types of insurance such as life health and auto insurance. Employment of insurance sales agents is projected to grow 10 percent from 2018 to 2028 faster than the average for all occupations. Additionally she coauthored tapping into the aging workforce in financial services. The insurance industry continues to generate growth around the world maintaining overall profitability despite turbulence in the global economy.
Insurance agents work in many regions of australia. In fact the outlook for most organizations is positive with insurance companies expected to grow revenue as well as their staff numbers in 2019. The 11th annual insurance industry employment outlook was just released with some juicy nuggets for job seekers job changers and those who may want to enter the industry. She is based in mumbai india.
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. Lingering unknowns however such as the outcome of brexit ongoing trade conflicts slowing economic growth. 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. State area data.
There s no one size fits all approach. You could be a policy processing clerk a sales agent or an insurance examiner. Insurers could benefit from economic trends but longer term challenges call for transformation and the state of cybersecurity at financial institutions. Many clients do their own research and purchase insurance online.
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