Q:

What are the advantages and disadvantages of employment in the insurance field?

A:

Quick Answer

Jobs available in the insurance industry include sales agents, underwriters, claims adjusters and claims investigators. Entry level positions for underwriters typically require a bachelor's degree, while sales agent and adjuster positions require a high school diploma and possibly a bachelor's degree, according to the U.S. Bureau of Labor Statistics. Some positions demand other credentials that require regular updating via continuing education courses, according to the news website Chron.

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Full Answer

Insurance jobs, whether in sales or claims, can often involve work outside of the office environment. Sales agents often meet with customers at their homes or businesses, and claims adjusters and examiners must often personally evaluate damage from accidents, weather or fires. This can involve having an unpredictable work schedule. On the other hand, insurance underwriters typically work a regular 9-to-5 shift. Many insurance companies pay their sales agents through commissions on sales rather than a fixed salary, according to the Bureau of Labor Statistics. Earnings based on commissions result in volatile income from week to week, but very high incomes are possible for top sales agents. Since sales agents, claims adjusters and examiners spend much of their time dealing directly with the public, these positions require good communication and people skills.

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