6 Profitable Careers to Consider in the Insurance Industry

Written by
Rebecca Smith

Published
Mar 30, 2021

Mar 30, 2021 • by Rebecca Smith

Are you looking for a new career

Perhaps you're a recent graduate searching for your first job or maybe you're simply needing a fresh start. Regardless of your situation, finding the perfect career can be challenging. Fortunately, you've come to the right place for help.

Have you ever considered starting a career in the insurance industry? After all, there are plenty of opportunities to choose from as well as lots of job security. 

This article takes a look at great insurance jobs and what you need to know about them. Keep reading to get the inside scoop.

1. Actuaries 

Let's start with actuaries. What exactly is the function of an actuary in the life insurance industry? This is a person who calculates the statistical probabilities of payouts and then makes sure that the insurance company can cover those payouts while still earning a profit.

It goes without saying that insurance careers in this field require strong math skills and the ability to work with extremely complex statistics.

Keep in mind that insurance companies always need talented actuaries to ensure that they can make a profit.

2. Insurance Investigators

It should come as no surprise that insurance fraud is a significant issue that costs insurance companies millions of dollars each year. That's why they must hire industry professionals to investigate these cases to make sure that each claim is legitimate.

The majority of insurance investigators are independent contractors. This can actually be very exciting work because of the fact that you essentially serve as a private eye trying to track down clues to see whether or not a crime has been committed.

Here is a look at jobs in final expense insurance.

3. Underwriters

Next on our list are insurance underwriters. These are professions within the industry that specialize in assessing the risk of having to pay a claim based on the present situation. For example, an underwriter would look at an individual's current health when that person is seeking an insurance policy and then makes the judgment of whether or not they are worth taking the financial risk.

4. Insurance Claim Adjusters

An insurance adjuster is a person who assesses the damage involved in a specific claim and then makes an offer to the policyholder to cover the dollar value of their losses. Keep in mind that one of the primary skills required for this job is the ability to be a tough negotiator.

5. Insurance Agent 

A career as an insurance agent primarily involves being the intermediary between the client and the insurance company. The agent will work with the client to determine the best coverage for them and then work with the insurance company to determine the amount of coverage they are willing to provide.

6. Loss Control Agents

A loss control agent is responsible for minimizing the amount of a payout. This includes reducing foreseeable injuries or dangerous conditions in the workplace or making sure employees receive flu shots, just to name a few.

A Guide to Some of the Best Paying Jobs In the Insurance Industry

Everyone hopes to make a great living. Fortunately, this list of high-paying jobs in the insurance industry will you get started.

Keep scrolling to discover more useful lifestyle tips and advice.