What Can You Do with an Insurance Degree?

The world of insurance is huge. In fact, Americans can ensure just about anything. From automobile insurance, to homeowner insurance, to liability insurance for businesses.

In terms of demand, this means that the industry has had to employ an estimated 2.5 million people to set premiums, sell plans and evaluate claims.

Whether you choose to become an actuary and assess risk, a claims adjuster to ensure compensation is fair or an investigator to protect companies from fraud, you are almost guaranteed to find a lucrative and fulfilling job within the insurance sector.

That being said, you first to undertake an insurance degree.

Within the below guide, you will find out everything you need to know about pursuing an insurance major including how much you can expect to earn once qualified and how to choose the right college for your learning needs.

Is an insurance degree the right choice for me?

One of the most favorable aspects of pursuing an insurance degree is that not only will it prepare you for working within the insurance industry, but it will also arm you with the skills needed to succeed in careers in other sectors.

You can also enjoy strong earning potential, great job satisfaction and be provided with social value if you choose to work with not-for-profit organizations.

Did you know that the insurance industry currently employs more people than Google, Facebook, Apple, Twitter, and Yahoo combined? Plus, you have the opportunity to study emerging risks related to new technologies such as driverless cars, drones, and robotics.

What can I do with an insurance degree?

As briefly mentioned above, you don’t have to be an insurance salesperson once you have qualified. There are a wide range of exciting career prospects for insurance major graduates.

Below are the most popular jobs for individuals with an insurance degree both in terms of salary and job satisfaction.

Risk Manager

The role of a risk manager involves communicating risk policies and processes for a business. You will be required to provide hands-on development of risk models involving market, credit, and operational risk.

The average salary of a Risk Manager is $117,801.

Claims Adjuster

As a claim’s adjuster, you will be required to investigate insurance claims to ascertain the extent of liability on behalf of an insurance company. You will have to consult witnesses review police reports and compile evidence from other sources.

The average salary of a Claims Adjuster is $66,540.

Loss Control Consultant

Evaluating a business’ safety and loss risks and implementing strategies to prevent safety issues, theft and inventory loss, the role of a loss control consultant is predominantly to help policyholders reduce claims and insurance companies reduce losses.

The average salary of a Loss Control Consultant is $58,403.

How do I choose the right college to pursue an insurance degree?

Although you make think that choosing a college to undertake your insurance major is as simple as finding an institution that offers the specific course material that you want to study, you also need to take into consideration the quality of campus life and how that will affect your studies.

Fortunately, if you are struggling to determine which college is best for your learning and development needs, Campus Reel can help you. Offering over 15,000 student-made videos detailing life at campuses all across America, you can find out what life at your preferred institutions is really like.

Sign up for a free online account today and start choosing the perfect college for your further education needs as early as tomorrow.