What are the benefits of working in the Insurance industry?

The insurance industry has a high reputation especially to the younger generation as being extremely traditional and in certain aspects dull. As a result of this reputation, researchers have found that only 4% of millennials are fascinated with working within the insurance sector. With that being said, the insurance industry is a great industry to grow within and progress into a different more rewarding position. Discover the benefits of working in the Insurance sector now:

The skill set:

As a result of the Insurance industry offering and covering a wide range of sectors, there are positions that cater to a variety of interests, experiences, and skill sets. Regardless of the skill set you already attain working within the industry you have the opportunity to gain useful and transferrable skills that can help you advance in your career. Examples of these include:

· Analytical skills

· Communication

· Attention to detail

· Numerical skills

· Customer service

· Problem-solving

On-the-job training:

Many insurance companies do not require prior experience. Most insurance companies regardless of what experience you may have will still offer to train new employees whether that involves a training course or teaching them everything they need to know about their role.

Career advancement:

Working in the insurance industry there are many opportunities for career advancement. Many insurance companies fill positions internally resulting in career development for employees.

Rewarding work:

Having a career in the insurance industry means you are able to support individuals through difficult times. Insurance involves offering protection and assisting clients to ensure they are comfortable with their insurance plan knowing it will keep them as safe as possible.

Diverse culture:

Insurance companies work to ensure they adopt and foster a diverse culture when recruiting new talent. Many companies make effort to be inclusive when giving opportunities to individuals of all academic and cultural backgrounds.

Salary:

Although the salary within the insurance industry differs depending on the company, job role and geographical area the national average salary in the UK is £24,205 however, more experienced roles such as Compliance Officers have the potential of earning up to £80,000 per annum.

If you’re interested in taking the next steps in your career working in the insurance sector, apply with us today and we can find the perfect placement for you. Feel free to call us on 0203 225 5584 to discuss everything in further detail.