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Summary \| Industry Subsectors \| Related Careers & Salaries \| Industry Outlook

Industries / Insurance

Significant Points

Insurance

	While corporate downsizing, computerization, and changes in business practices will limit job growth in this large industry, numerous job openings are expected, enabling new workers to replace those who leave or retire.

	Growing areas of the insurance industry are medical services and health insurance and the industry’s expansion into the broader financial services field.

	Office and administrative occupations usually require a high school diploma, whereas employers prefer college graduates for sales, managerial, and professional jobs.

Industry Description


	The Insurance sector groups establishments that are primarily engaged in one of the following: (1) underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies or (2) facilitating such underwriting by selling insurance policies, and by providing other insurance and employee-benefit related services.



	Source: MyPlan.com L.L.C. 2009, U.S. Census Bureau, 2008

Industry Video

Title: "Insurance"

Duration: 01:28

Industry Subsectors

	Direct Life Insurance Carriers

	Direct Health and Medical Insurance Carriers

	Direct Property and Casualty Insurance Carriers

	Direct Title Insurance Carriers

	Other Direct Insurance (except Life, Health, and Medical) Carriers

	Reinsurance Carriers

	Insurance Agencies and Brokerages

	Claims Adjusting

	Third Party Administration of Insurance and Pension Funds

	All Other Insurance Related Activities

Top Ten Careers

U.S. National Figures.

Insurance
Insurance claims and policy processing clerks	422,300
Claims adjusters, examiners, and investigators	396,260
Insurance sales agents	309,360
Customer service representatives	247,850
Office clerks, general	86,700
Insurance underwriters	86,220
Accountants and auditors	72,280
First-line supervisors/managers of office and administrative support workers	57,180
Secretaries, except legal, medical, and executive	56,390
Financial managers	52,920

Interesting Fact

The word "career" started out as a metaphor. It comes from Middle French "carrière", meaning "race course".

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