The Property-Casualty insurance market is only extending. There are many job portals in this broad field that require different skills and talents. Working against this backdrop can be rewarding and lucrative for employees, making it an ideal career for many. So, many things are transforming our world today, and the insurance market is only developing and finding new ways to protect people against loss. Property-casualty insurance could be a great career choice if you enjoy helping people and being customer-facing. Best Paying Jobs In Property-Casualty Insurers.
Best-Paying Jobs In Property
Although the Property-Casualty Insurance industry has been invulnerable to switch in previous years, the risk topography is also vigorously evolving in cyber, climate change, pandemic, and intangible assets. Property-Casualty insurance institutions must find ways to grow alongside these shifts, meaning there is a high market and often high pay associated with these jobs. Best Paying Jobs In Property-Casualty Insurers.
Life Insurance Agent
Average Annual Salary: $62,000
Life insurance agents are licensed professionals who sell life insurance. They typically work for insurance companies that sell policies carried by the insurance property investment to sell insurance from a range of companies. Best Paying Jobs In Property-Casualty Insurers.
Life insurance can be a touchy subject for many, so it’s important to have a high level of emotional intelligence to be able to read and empathize with your clients. You may also be required to have knowledge of a wide array of products, so mental retention is an important skill to bring to the table.
Average Annual Salary: $59,000
An insurance underwriter is a professional who evaluates and analyzes the risks involved in insuring people and assets. An insurance underwriter’s main job is to establish appropriate pricing for accepted insurable risks. Underwriters typically use specialized software and actuarial data to determine risk.
Underwriters get paid well but work hard to increase both new business and profitability for their business. To succeed as an underwriter, you’ll want to be sure you maintain underwriting discipline, innovate, create lasting human connections and find ways to set yourself apart, such as earning a professional designation.
Property Casualty Agent
Average Annual Salary: N/A
A Property Casualty agent is an individual who sells insurance to protect homes, personal property, automobiles, and business properties against physical damage or liability judgments. Typically, this is a customer-facing role in which you would consult with prospective clients to understand their insurance needs. Best Paying Jobs In Property-Casualty Insurers.
As a Property Casualty agent, you’ll want to make sure you have good sales and customer service skills with great organization and attention to detail. A lot of this job is collecting information and calculating reasonable quotes. This means you’ll be working the majority of the time in front of a computer.
Property & Casualty Insurance Producer
Average Annual Salary: N/A
In the insurance industry, producers are defined as any person required to be licensed to sell, solicit, or negotiate insurance. This means this role can be anybody from a broker to a reinsurance intermediary or excess lines broker. The insurance you offer can be anything that protects the individual from financial losses.
Producers are mainly responsible for meeting new business production goals and objectives while soliciting new leads. If you have previous experience in inside sales, this might be the right fit for you.
Homeowners Insurance Agent
Average Annual Salary: N/A
Homeowner’s insurance helps protect clients homes and any belongings should something threaten their safety. This can include theft and fire. Agents who work with homeowners insurance will be well-versed in liability coverage to help protect their clients to the best of their ability.
Finding work in a more lucrative city such as San Francisco, California, or Norwalk, Connecticut, will ensure higher salaries for Homeowners Insurance Agents. Since you’ll work with clients most of the time, it’s important to be personable and have good salesmanship in this type of role.
Why choose a Career in Property – Casualty Insurers?
Being in property-casualty insurance is a great career choice. Agents obtain great pay and benefits and have a number of career path options to choose from.
- Knowledge: As an insurance agent, you’ll gain extensive knowledge of different initiatives. Arming yourself with this knowledge can help promote the insurance initiative or give you new doors in various career fields.
- Rewarding: Being able to help someone protect themselves against damage and theft is a rewarding career path.
- Financial freedom: Property-Casualty insurance careers pay well, including commissioning high-performing agents and salespeople.
- Flexibility: Working in this field supplies a good amount of flexibility regarding what job you’d like to perform. From underwriting to sales, property-casualty insurance has a wide variety to choose from.
- Entrepreneurship: After building up credibility, it’s typical for agents to move out on their own to either become independent insurance agents or someone running a small business as a subsidiary of a more giant insurance corporation.
There are plenty of job openings in this broad field that require a wide variety of skills and talents. Working in this environment can be both rewarding and lucrative for employees, making it an ideal career for many. With so many things changing in our world today, the insurance market is only expanding and finding new ways to protect individuals against loss. If you enjoy helping people and being customer-facing, property-casualty insurance could be a great career choice for you.