Insurances

Pursuing a career in insurance entails devoting yourself to a multimillion-dollar industry that focuses on risk. Insurance companies help individuals and companies protect themselves and their belongings from accidents, theft, death, personal injury, natural disasters and so on, in exchange for a fee that the industry terms a ‘premium’. The insurance industry is substantial in size; for anybody interested in developing a career in insurance, there are plenty of fields in which to focus one’s interests.

Even though health insurance is the largest niche, home and business insurance are also very important areas and, in addition, each of these categories is subdivided into many other specialties such as disability and long term care, building structure, personal property and so on. In fact, today almost anything can be insured: from a wedding party to a trip around the world, and it is even said that many Hollywood celebrities pay insurance premiums for insuring their legs or their face!

One of the most attractive prospects upon entering the insurance industry is the potential to develop a career either locally or internationally. The insurance industry has expanded worldwide, and there are interesting and challenging positions to be occupied in the United States of America, Europe, Asia or Latin America. The following are amongst the major players in the industry: MetLife, ING, Prudential Financial and American International Group (AIG).

Another attractive aspect is the opportunities available to work as an independent business agent for an insurance company, and develop a career in insurance in a more entrepreneurial manner. As an independent agent, your payment will depend on the number of insurance policies you sell and on the premium involved in each of them. On the other hand, if you work in-house for any insurance company, you will receive a monthly salary.