Insurance Careers

The world of insurance is a varied and exciting one with lots of room for progression - making it a very satisfying profession to be part of. You could be an accountant who wants to move to become an actuary or you could be looking for a part-time admin role in a brokerage. Whatever you choose to do the options are extensive.

People don’t realise that insurance is what helps the world to run. Every part of life has insurance behind it. Insurance is the foundation that helps build the world around us. Without it governments can’t function, banks won’t lend money, homes can’t be built, airlines can’t fly and coffee can’t be poured. 

Qualified actuaries are in short supply, primarily because the barriers to entry are so high. Insurance firms typically recruit actuarial analysts into their training programmes who’ve performed well in numerate degrees such as actuarial science, maths, economics, engineering, chemistry or physics.

Underwriters typically boast degrees in economics, business, management, maths or a related subject, although life insurance firms also hire people with biology or medical backgrounds. And after completing their initial two-year underwriting training scheme they are usually assigned to a specific part of the profession – such as property or motor insurance – as assistant underwriters.

Many claims roles are open to non-degree holders and some claims employees spend their whole careers ensconced in call centres. But large insurance firms also run graduate traineeships for their claims departments and these employees are typically fast-tracked into management roles.

After completing your training at a broking house, you will typically rack up a few years’ general experiences before moving into a specialist part of insurance. 

Operational roles in the Insurance industry are an especially exciting option – these positions allow you to get involved with the day-to-day operations of the company. They are also a great ‘foot in the door’ opportunity into the general insurance industry. It is the best way to learn the basics and understand the broader business.