Explore Careers: Insurance

What is Insurance?

Studying methods used by organizations and individuals to manage activities whose outcomes cannot be forecasted exactly, such as measures taken to reduce the risk of damage to physical assets, exposure to legal liability, or injury to employees or customers 
Helping people minimize risk to their finances by developing, selling, administrating, and regulating insurance policies

Day in the Life

Insurance Claim Agent
Sales Leader at State Farm Insurance
Underwriter at Zurich

Characteristics for Success

Analytical thinker
Communication Skills
Listening skills
Problem Solver
Relationship-focused
Takes initiative

Sample Insurance Roles

Appraiser: Using data, such as cost, market, and income approaches to identify valuation 
Claims Adjuster: Evaluating insurance claims on behalf of insurance companies in order to determine who is liable
Examiner: Reviewing insurance claims to verify that due process was followed in the investigation and reporting of claims by both the adjusters and claimants 
Investigator: Assessing claims to identify instances of criminal activity or insurance fraud 
Risk Manager: Communicating risk policies and processes for an organization 
Underwriter: Determining whether or not a prospective customer should be insured, and, if so, recommending an appropriate premium to take on that level of risk

Sample Employers

Great American Insurance Co.
Liberty National Life Insurance
Nationwide
State Farm Insurance

Job Outlook

• Employment of insurance underwriters is projected to decline 2 percent from 2022 to 2032. Automated underwriting software allows workers to process applications more quickly than before, reducing the need for as many underwriters. 
• Overall employment of claims adjusters, appraisers, examiners, and investigators is projected to decline 3 percent from 2022 to 2032. Technology is expected to automate some of the tasks currently performed by these workers. 
• See the Occupational Outlook Handbook for additional information

Fisher Resources

Academic Information:
Finance Department

Extracurricular Information:
Buckeye Capital Investors
Common Cents Investment Group
Undergraduate Finance Association