Here are some great ideas for getting into the insurance industry with ease.
There are many benefits to working in the insurance industry. Financial stability is an important decision factor when selecting any job, and monetarily the insurance industry is very stable and the outlook looks very bright. Working in the insurance field can be a great fit for someone in their 20’s or someone just looking for a fresh start. To start your new career, a position as an insurance agent or broker is likely what first comes to mind. However, there are a few non-sales roles that can help you get into the field quicker – even if you don’t have any prior insurance experience.
Below we’ve summarized a few jobs that are great positions. But if you have an interest in eventually moving up the corporate ladder, you can easily move into a sales related position after gaining a few years of industry experience. Getting into the insurance industry is easy!
1. Customer Service Representative
Working in the customer service department of an insurance agency or brokerage firm requires that you handle all preliminary calls and email inquiries from prospective customers. This position gives you the valuable opportunity to work directly with customers and insurance agents. Working as a customer service representative (CSR) enables you to build your career because you get an inside look at the types of customers you might work with when you move into an agent role and how the sales process works. However, for those of you who might have customer service experience and have a desire to stay in a non-sales role, this position can also lead to a customer service manager position, where you would manage part or all the customer service team. So, if you are looking for a solid general position for getting into the insurance industry fast, this could be it.
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2. Marketing Assistant
Working as the head of marketing at an agency or brokerage firm requires solid experience in the insurance industry. A good place to start is an entry-level job as a marketing assistant. Independent sales agents need to advertise themselves to businesses and individuals, and as a marketing assistant, you can support the company with their traditional and digital marketing initiatives. A truly integrated marketing presence can be helpful for insurance agencies when dealing with individuals with home or auto or even Fortune 100 companies looking for employee benefits coverage for all their employees. Joining the marketing team is a great way to not only learn the ins and outs of the insurance industry but also become exposed to how to market and advertise a brand across numerous marketing channels.
3. Risk Analyst
Insurance analysts, or risk analysts, look at customers’ risk based on information they’ve submitted with their application or on their claims forms. A risk analyst will evaluate this information by comparing it to the data provided by current and potential policyholders. An essential component of this role is having sound judgment to help your senior colleagues during investigations by identifying signs of fraud. Though this position is usually entry-level, you’ll likely be involved in learning about the claims review process, participating in investigations under the supervision of a manager, and managing confidential paperwork such as claims reports and customer applications. This role is a great fit for a serious-minded individual with a keen eye for small details.
4. Claims Representative
The claims representative at an insurance agency or brokerage firm is an important role. When customers file claims their request must go through the claims representative. When working in this role, you will review the claims submissions and ensure that you have all the required supporting documentation to properly process the claim. You may be involved in speaking with customers over the phone to verify details about the claim and may possibly be granted the authority to deny the claim or forward it to the appropriate department. Like some of the other roles, this job allows you to work directly with customers and learn about the insurance processing system.
5. Junior Underwriter
The junior underwriter is an entry level role for someone who reviews insurance applications to determine if it should be accepted or rejected. Junior underwriters are responsible for looking at predefined criteria and then selecting the coverage amount and premiums for customers. Those working in this role are part of a team of underwriters and this position may work closely with a senior underwriter. For those of you who are good with numbers and have strong attention to detail, this could be the ideal starting position to make getting into the insurance industry a breeze.
Getting into the insurance industry is easier if you gain experience with one of these exciting careers. Once you get your career started in insurance, let us know how it goes. We’d love to hear from you!
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