High Paying Insurance Jobs 2024
This page has free job postings about insurance jobs, including application forms, eligibility requirements, openings, qualifications needed, instructions on how to apply, the limit for applications, and other job news.
About Insurance Jobs
If you want to work in this area, you should know what jobs pay the most. This article talks about 20 well-paid insurance jobs. You could make a living at any of these jobs.
Security and Stability
A lot of people choose to work in insurance because the jobs are pretty stable. Most insurance jobs don’t go away when the market does, so you can still make money even when things are bad.
Varied Career Opportunities
So, the insurance business is not a single thing. There are many types of jobs in it. Good at math, finding out risks, or talking to people? The insurance business has a job for you that pays well.
List of High-Paying Insurance Jobs
If someone has insurance, it will pay for any damage to their things, like a house or a car. So, people who work in insurance can follow leads to find clients and try to get them to pay for damage to their homes. In the insurance business, there are lots of jobs available, like deciding if claims should be paid and getting people to sign up for insurance.
Actuary
Actuaries are very important to the insurance business because they know a lot about business. They look at the unknowns and possible financial risks of making some claims. They use math and numbers to try to guess what will happen and make plans to keep the company from going too far behind. Their job is to work in the insurance business and use what they know about trends to help make insurance plans better or different. It costs about $111,470 a year to be an accountant in the United States.
Insurance Broker
These people work for both the client and the insurance company. The insurance agent helps people figure out what they need. Then, they talk to other insurance companies to find the policy that will cover everything for the least amount of money. They work with people, but most of the time it’s with big companies that have a lot of clients inside the company. It costs $83,726 a year to be an insurance broker.
Auto Appraiser
Before an insurance company agrees to pay for a car, an auto estimator checks it out to see how much it’s worth. They keep track of the cars they look at. After that, they look for places where damage could happen to figure out what the insurance will cover if something does. It costs about $71,906 a year to be a car inspector.
Valuation Manager
The person who is in charge of the valuation department’s daily tasks is known as the valuation manager. As a manager, one of their main jobs is to hire and train staff, do reviews, and make sure the company is being valued properly. They also help and direct their employees to keep everyone in the group inspired. Things that are insured are given a value by the valuation staff. In other words, they choose how much money they will get for giving up something. A value manager gets $83,297 a year.
Data Analyst
A data analyst’s job is to learn more about people and trends by looking at a lot of data about them. As part of their job, they have to gather data, clean it up, and figure out what it all means based on how to best serve their clients. Aside from that, they give clients important data that they use to make a plan. Every year, they get paid $66,238.
Account Executive
A client account executive goes over the insurance with them and makes sure it fits their needs. They also answer any questions the client may have. A lot of different people and companies hire them to make sure their employees are covered. Their pay is based on how many things they sell, and they have a sales goal to meet. All together, they make about $68,050 a year.
Underwriting Manager
The underwriting field is run by an underwriting manager. Their main job is to run the insurance department and do the paperwork every day. They work for a department head or chief and are mostly independent. Their job is to make sure that their team grows by making sure that they meet their own goals and understand the goals of the office. A manager of insurance can also give jobs to their staff and make sure they are done. It costs about $109,563 a year to be an insurance boss.
Medicare Agent
A Medicare agent helps people who want to join Medicare. They help them discover the best Medicare plans and benefits for their needs. Agents who work for Medicare insurance also file the necessary paperwork and handle claims and payments for Prime Medicare. It costs $99,609 a year to work for Medicare across the country.
Final Expense Agent
A final cost agent is someone who sells life insurance. When a policyholder dies, their life insurance pays for all the costs that come with it, like funeral costs, legal fees, and direct family costs. Closing costs insurance agents can sell to both individuals and businesses. They can offer this type of insurance along with more popular ones like life and health insurance. It costs $101,378 a year to be a professional in this field.
Loss Control Agent
Loss control agents think of new ways for insurance companies to cover their clients well without taking on too much risk. Also, to make sure policyholders don’t lose money too often, they look at how their policyholders do business to find trends that could point to risk. You can also get help from them on how to stop these people from making claims again. A person who works for a loss control service gets $127,018 a year.
Conclusion
It’s not only a good way to make money to work in insurance, but it’s also a good way to help people and businesses with their money issues. It’s possible for anyone, no matter what skills or hobbies they have, to get a job in insurance for a good salary. That being said, if you’re not sure what to do next with your job, the insurance business might be the way to go.
Frequently Asked Questions
-
What are some high-paying insurance jobs?
Some well-paid insurance jobs include Actuary, Insurance Broker, Auto Appraiser, Valuation Manager, Data Analyst, Account Executive, Underwriting Manager, Medicare Agent, Final Expense Agent, and Loss Control Agent.
-
What is the average salary for an Actuary?
Actuaries earn an average annual salary of about $111,470.