property and casualty insurance companies

The insurance business is always a viable industry and with the growing consumer needs for protection also goes the growing opportunities people can avail of from property and casualty insurance companies. This industry continues to supply numerous jobs both office-based and field related offering excellent pay rates in the form of salary, commissions or both. And as they say, “With insurance, the money is always good,” people are continuously attracted to work in this line of business.

Insurance-related careers require skills, college degrees and licenses. You may be asking now what are the most feasible work you can have from them, and to not hold you back any longer, here they are:

Insurance Sales Representative/Agent
Being an insurance agent requires higher educational attainment and to give it straight, they are required to have bachelor’s degrees and preferably have undergone course work in business, finance or economics. And most of all, they are required to have insurance licenses for all states require insurance agents to have such license before they can legitimately sell insurance, however, insurance licensing requirements vary in each state in which some will also provide additional imposition to maintain insurance licenses. Insurance agents can independently work as brokers or exclusively work for an insurance company. Their work includes providing clients with information and advices on insurance policies, assessment of one’s insurance needs, and selling policies. Whenever an insurance claim is being made by a client, insurance agents act as point of contact for the claim process. The skills required for agents are for them to have strong communication skills, detail-oriented and has multi-tasking capacities. As estimated, an insurance agent can earn around $30,000 to $50,000 annually.

Insurance Underwriter
Underwriters are the ones responsible for reviewing insurance applications and assessing financial risks on each insurance policy to be sold. In doing so, underwriters study statistical information on geographical crime trends, climate data, statistics on particular property claims, and the applicants background information. Based on their evaluation, an underwriter can approve or deny an insurance application. To have such work, potential underwriters are required to have college degrees on finance or business administration. An underwriter may earn $40,000 to more than $50,000 annually.

Claims Investigator
The main responsibility of insurance claims investigators is to safeguard the financial interest of the property and casualty insurance companies protecting them from fraudulent insurance claims. They investigate the veracity of each claim made and make necessary actions if they find a claim to be suspicious. To simplify, claims investigators act like PIs examining claim evidences, witness statements, police and fire reports, background checks and surveillance of claimants. As with the work involved, insurance claims investigators are required to have law enforcement backgrounds. A claim investigator may earn more than $50,000 annually.