The insurance industry offers a wide range of career paths, making it an attractive option for those looking to build a long-term, flexible career. Whether you're interested in sales, customer service, claims, underwriting, or management, insurance may provide a stable career opportunity.

Types of careers in insurance

When most people think about insurance careers, sales positions often come to mind. While sales is a major part of the industry, there are many other roles available depending on your interests and skills.

Here are a few examples of some of the most common career opportunities in the insurance industry:

• Sales agents help clients find policies that meet their needs and assist them with coverage questions.
• Claims adjusters investigate insurance claims, assess damage, and determine how much the insurance company should pay.
• Underwriters review applications and determine the risk of insuring a client, setting appropriate terms for coverage.
• Customer service representatives support clients by answering questions, processing changes to policies, and assisting with billing or claims issues.
• Risk managers work with businesses to identify potential risks and suggest insurance solutions to mitigate them.
• Marketing and product development professionals create marketing strategies and develop new insurance products tailored to specific markets.

Owning a business vs. working for an agency

In insurance, you may have the choice to work for an agency or strike out on your own as an independent agent. Each path comes with its own set of benefits.

Working for an agency may offer more structure, regular hours, and a predictable salary or commission base. Agencies can provide valuable resources like training, marketing support, and access to a broader network of clients and carriers.

Owning your own insurance business, on the other hand, may offer you greater flexibility and control over your career. You can build your own brand, choose your clients, and set your own hours. While independent ownership may be a bigger risk and require more upfront investment in marketing and operations, it can offer higher earning potential. Plus, starting your own business means you can create a legacy business that grows over time.

Choosing the right path depends on your risk tolerance, entrepreneurial spirit, and professional goals.

What is the outlook for insurance job growth?

The future looks promising for those considering a career in insurance. According to the U.S. Bureau of Labor Statistics (BLS), the role of insurance sales agents is projected to grow at a rate of 6% between now and 2033.

According to the BLS, several factors may contribute to the industry's growth. As the population grows and ages, the need for insurance products like life, health, homeowners, and auto coverage continues to increase. New insurance needs are emerging around technology, cybersecurity, and climate-related risks, creating fresh opportunities for professionals in the industry.

Since insurance is a necessity for both individuals and businesses, the demand for knowledgeable, customer-focused agents and support staff is likely to remain consistent. If you can be adaptable, tech-savvy, and committed to lifelong learning, you may find that the industry offers a rewarding career path worth pursuing.