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5 non-insurance jobs for millennials in the insurance industry


This post is part of a series sponsored by AgentSync.

When you think of a job in the insurance industry, what comes to mind? For most people, the first image is probably that of a licensed insurance agent (or broker, producer, or simply “salesperson”). Most people think about insurance agents a lot because they interact with them in their daily lives. If you have ever purchased auto insurance, homeowners or renters insurance, or life insurance, you have likely done so through a licensed producer.

Then many times we Human resource crisis in the insurance industry, we must be talking about a shortage of licensed agents. The answer is yes. Also, after all, no. Like any large industry, it takes more than just consumer-facing salespeople to keep insurance running.

The insurance industry itself is very diverse when it comes to the types of companies involved. From one independent institution to the largest international insurers employing hundreds of thousands of people worldwide, insurance is one of the world’s largest industries.In the United States alone, the insurance industry accounts for about 3% of the country’s gross domestic product (GDP), and Beyond banking First time in 2017.

In a recent study conducted by Jacobson Group and AonIn , survey respondents reported (for the first time in the survey’s 12-year history) that they were considered difficult or moderately difficult to fulfill all roles and functions across businesses. It means the industry is in desperate need of talent. This is not new news, but the difference now is that this hunger for talent goes beyond traditional roles such as licensing. Producer, Actuary, and claim adjusters. As a result, even non-insurance-specific functions in the industry will need new blood. This presents a great opportunity for those who have never considered a career in the insurance industry before.

Below are five of the most non-insurance roles you can find in the insurance industry.

Marketing and Communications in the Insurance Industry

Like many industries, insurance relies on sales to drive revenue and growth. Licensed producers are the primary distribution channel for insurance products, but many insurance companies sell their products directly to consumers. In recent years, insurance companies such as Progressive, GEICO, Allstate, State Farm and Liberty Mutual have become household names thanks to his clever television commercials and other forms of advertising.

All of these ads mean someone (often a large team) at each of these insurance companies is working on marketing and communication strategies. Even though the insurer outsources the creative side to an ad agency, there are still in-house experts tasked with overseeing the campaign and making sure the message is on-brand.

Another way to get creative in the insurance industry is through consumer-facing educational materials. Most insurance companies often provide their members with numerous resources, both online and in print. And someone has to create it all. From health insurance brochures that inform plan members of their benefits, to websites, blogs and social media, the opportunities for engaging in in-insurance communications are nearly limitless.

Information security in the insurance industry

The insurance industry A prime target for cybercrime, thanks to the large amount of personal information that each insurance agent and carrier has on file. As the industry modernizes, building a team of in-house information security specialists becomes more common and essential.

So if you white hat hacker, or if you want to pursue a career in cybersecurity, do not discount the insurance industry (including insurance agents, insurers, and other types of businesses) as a potential employer. The need for these skills in the insurance industry grows every day.

Human Resources and Recruitment in the Insurance Industry

Imagine how important talent and recruitment are when you’re experiencing a talent crisis on the scale of the insurance industry. The biggest challenges in attracting and retaining talent are company culture, diversity, employee experience, and an attractive work-life balance. In other words, it all starts with the HR team and recruiters tasked with bringing new talent into the industry.

Before you get there, you first need competent HR and recruiters! This is not a significant career path unique to the insurance industry. Mass retirement of baby boomers and thebig resignation” is currently in progress.

So if you want to explore a career in Human Resources or Recruitment, remember that people like you are much needed in the insurance industry.

Insurance industry legal counsel

Becoming a lawyer is not easy. And once you’ve achieved that, you may find that it’s actually a far cry from the dramatic courtroom scenes you see on television or in the movies. It just means lower wages (at least in the beginning). Wages may improve, but long working hours will not. This is why many lawyers are involved in the practice of corporate areas such as insurance law.

I’m not saying it’s easy to become an insurance lawyer, but it’s about specializing in one practice area and very stable career It could be a nice office, benefits, and predictable hours instead of the non-stop, hectic life of a barrister.

One of the reasons why insurance industry lawyers are so important is number of laws Insurance companies, insurance agents and individual insurers must comply. As you know, compliance is a big issue across the industry. In many cases, Compliance function Belongs to (or under) the legal department. This has put insurance lawyers in high demand and there is no indication that that will change in the future.

Software development in the insurance industry

For those with an outdated view of the insurance industry, the idea of ​​software development as a career path in insurance may sound strange. But it’s true! Insurtech has been booming in recent years, inflow of investment dollars In the insurance industry show software no signs of slowing down.

Beyond the typical Silicon Valley tech companies, many of the large insurance agencies and top domestic insurers are rapidly developing their own software. From mobile apps to client portals to quoting systems, the insurance industry as well as insurance consumers are eager for the latest technology to power their insurance experience.

These five career paths are just the tip of the iceberg. The insurance industry is a great area to build a career in, even if the insurance product itself doesn’t have a weak spot (yet). For more information, Why the industry is greatwhy you should build a career over time In it, check out our other articles.

By the way, we are hiring, check it outOr if you are a carrier, agency or MGA, See how AgentSync reduces onboarding time for both producers and new hires.

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