
Did you know that there’s a 10% expected job increase in the insurance industry by 2028?
When you think about a six-figure salary, it may seem like an impossible feat without a college degree or decades worth of experience. Luckily, the barrier to entry into insurance is very low, but the long-term rewards can be outstanding.
Do you have a passion for customer service and finances? Getting started in the insurance industry may be the best job opportunity for you!
Are you interested in learning about the best entry-level jobs in the insurance industry to get started with? We’ve created this complete guide to help you get a better understanding of what entry-level jobs in the insurance industry you should consider. Keep reading to learn more!
1. Risk Analyst
A risk analyst is a job that’s responsible for analyzing client risk exposures. Also, a risk analyst is also responsible for working with other team members to create and develop new accounts for the business.
On a daily basis, a risk analyst will help record assessments that will be used to advise a client, conduct detailed surveys, prepare reports, and help writers understand how the insurance company can minimize the risk.
2. Insurance Assistant
An insurance assistant will provide both technical support and administrative support to a client service team. Plus, an insurance assistant will also handle requests or questions from any potential or current clients.
Some of the daily tasks that you can expect to perform as an insurance agent will include processing transactions, prepping insurance forms, processing mail, photocopying important paperwork, and answering phone calls. You will perform well as an insurance agent if you are organized and have interpersonal skills.
In particular, if you get involved in Medicare, it is a fast-growing market space with plenty of future opportunities.
3. Customer Service Representative
One of the easiest jobs that you can do yourself in at the insurance agency is a customer service representative. The customer service representative was responsible for working in a call center or on a support team.
As a customer service representative, you will be responsible for handling current customers’ requests, answering any questions from potential customers, and answering phone calls. You will have to have a strong understanding of the services, systems, and products that the company you’re working for offers. You have to understand this information so well that you’re able to advertise it to customers and provide them with updated and accurate information.
4. Loss Control Specialist
A loss control specialist is responsible for inspecting a business for an insurance company. The insurance company that you’re working for will require you to go to a business and provide loss prevention recommendations to the business. These recommendations will help a business owner to reduce the severity and frequency of loss from the results of crime, fire, or liability.
5. Insurance Underwriter
As an insurance underwriter, you’ll be responsible for evaluating applications for insurance. You will also work to decide if the insurance company should provide insurance to the customer that is applying. Plus, you will be responsible for dictating the insurance contract’s terms between the insurance company and the customer.
6. Loss Adjuster
A loss adjuster is responsible for investigating claims for an insurance company. Sometimes, a loss adjuster will work as an independent contractor to work for several different insurance companies, but others will work just for one insurance company.
A loss adjuster is responsible for providing insurance companies with a recommendation on how much they should payout for an insurance claim. In a position as a loss adjuster, you will be responsible for investigating claims and assessing the reported damage. You may be interacting with individual people or business owners.
Some of the damage you can be investigating can be caused by theft, fires, floods, employee liability, personal accidents, transportation loss, or other loss methods.
7. Marketing Representative
A marketing representative works to promote products and services that an insurance company has. Through a position as a marketing representative, you will work with insurance consumers to anticipate the need for new types of products and advertise them to potential consumers.
Also, you will be responsible for managing the selling and distribution of insurance products in the marketplace. We will also work to deliver products to meet the customer service needs that the consumers of an insurance agency has.
8. Actuary
Working as an actuary in the insurance industry means that you will be responsible for using statistics and Mathematics to analyze the potential financial risks that a company will face when insuring a new client. You will help the insurance company identify if a client is a good or bad risk.
9. Inside Sales
The inside sales section of insurance is one of the fastest-growing parts of the industry. While a role in inside sales will offer several unique challenges, these challenges will offer amends training levels that will eventually help you prepare you for a high-paying career in the insurance industry.
Inside sales will help you develop critical sales skills that not only perform well in the insurance industry but will also transfer to other possible careers. Plus, your experience in sales training will help you to gain experience in handling a large variety of customers.
Getting Hired for Entry-Level Jobs in Insurance
If you’re interested in entering into the insurance industry but aren’t sure where to start, you should start off with one of these above-listed entry-level jobs. These rules will provide you with the knowledge, experience, and skills you need to succeed in the insurance industry.