Commentators might need eyes on the sides of our heads to keep up to speed with trends in the Insurance industry, if analysts have got it right.
They are predicting a shake-up in the market as customers split into two distinct groups – those who want the best price and those who are willing to pay for a very high level of service.
In fact, adding to the mix, some industry watchers are predicting new entrants into the market who will compete with the established names and start offering innovative products – such as ‘family’ policies that will cover everything from travel and motor insurance to bricks and mortar.
Just think how much easier life would be if you could deal with all your insurance needs through one policy rather than having to negotiate each one separately every year?
The prospect might not be as far off as you think. And this means, if you want to work in a sector that is ripe for development, today’s Insurance industry vacancies have got to be worth considering.
Even as it stands at the moment this is a sizeable and exciting business sector. Astonishingly, the UK Insurance industry is the third largest in the world. It employs almost 30,000 people and it is an essential part of the UK’s economic strength, managing investments that account for 26% of the UK’s net worth and contributing £10.4 billion in taxes.
One of the fastest-growing sectors is pet insurance, which is not surprising when you consider that nearly half of the households in the UK has a pet and that vets’ bills have risen sharply in recent years.
As half of all dogs and two thirds of domestic cats are currently uninsured, there is clearly scope for this sector to increase still further.
After all, who wants to take a chance when it comes to looking after Tiddles?
The growth in the market isn’t confined to the UK, which prides itself on being a nation of pet lovers. It is also being played-out in the US, where pet health insurance has become one of the fastest growing employee benefits.
There are vacancies on s1jobs.com in most sectors of the insurance industry, from personal insurance to commercial projects.
Don’t be surprised to find openings for sales staff, too, who can sell insurance products to the public and business clients.
Then there are the brokers who can help clients to place their insurance business with the best provider – and underwriters who are the people who are willing to pay the price when things go wrong.
Insurance may be one of the most tightly regulated of all sectors, but it is also one where business relationships really do matter.
If you can do a great job for your clients and ensure they turn to you first whatever their insurance needs, you’ll have a great future…whatever trends the industry decides to follow.
Get in the know with the latest Insurance roles on s1jobs.com