Five things you need to know about insurance

Can you think of a job that combines climate change, cyber crime and political risk? Not ringing any bells?

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Okay, so what if we throw in space satellites, global celebrities and the challenges of supporting an ageing population?

If you’ve just put up your hand and shouted out ‘insurance!’, go to the top of the class.

You’ve recognised there’s no area of our lives, from domestic concerns to global issues, that does not depend to some extent on the ability to arrange insurance cover.

Look at it this way: how could your local pizza shop turn up at your door with an oven-hot thin and crispy pepperoni, if it couldn’t get cover for the delivery staff on the mopeds?

Or Kanye West bail out of his latest tour without insurance in place to cover the costs?

The good news is, if you want to work in this wide-ranging jobs sector, you can find ways into the industry at all sorts of levels – from claims handler to chief executive. The fact is there are vacancies on s1jobs at almost every rung on the insurance career ladder.

So whether you’re thinking of starting out or considering the chance to skip a few levels up, read on because here are facts and figures that might help you decide.

 

  1. More than 30,000 people work in insurance in the UK. That’s 30,000 potential opportunities for you to boost your career.

 

  1. Insurance companies range from some of the world’s biggest firms, to the smallest. Names like AXA and Allianz are global businesses but there are plenty of micro-insurance companies too, providing cover in niche markets.

 

  1. Back office or front-of-house? It doesn’t matter. You can choose whether you want a client-facing role or to work behind the scenes as an underwriter or loss adjustor. Or how about being a catastrophe modeller? That’s definitely worth the hard work just for the title alone.

 

  1. A degree is not essential. Yes, you read that right. While many people working in insurance do have degrees there are all sorts of ways to get into the business without having been to university. And once you’re in you can start plotting your route to the top.

 

  1. A six-figure salary is not impossible. True you’ll have to put in the hours, continually hone your skills and give it your all, but it’s nice to know what’s possible, if you’re exceptional at your job.

 

For all the latest Insurance vacancies visit s1jobs