The property-casualty insurance industry is a huge part of the U.S. economy, with over 2.5 million jobs and an annual payroll of around $250 billion. In this article, we’ll dive into how many jobs are available in the industry, what they pay and why you should consider working for one!
There are currently around 2.5 million jobs in the U.S. property-casualty insurance industry, according to the Insurance Information Institute.
There are currently around 2.5 million jobs in the U.S. property-casualty insurance industry, according to the Insurance Information Institute (II). The property-casualty insurance industry is a large one; it’s expanding and growing at a rapid pace, with an average annual growth rate of about 4% over the past five years—and that number may be even higher if you consider only jobs that require college degrees or advanced degrees (for example, architects).
The majority of these employees work as claims adjusters and actuaries (about 1 million), but there are still plenty more opportunities available! For example:
- Actuaries: These professionals analyze data from various sources such as weather reports or surveys on how people use their homes before deciding whether they need flood insurance coverage; they also help determine what type of policy should be purchased based on those factors so that customers don’t overpay for unnecessary coverage.* Claims Adjusters: These individuals handle all aspects related directly with customer claims after an accident has occurred—from filing paperwork through negotiating settlements with insurers themselves.* Financial Analysts / Portfolio Managers: These specialists focus primarily on managing portfolios containing investments made by large institutions like mutual funds and pension plans which can range anywhere between $10 million-$100 million dollars each year; although these types
There are over 2.5 million jobs in the insurance industry
There are over 2.5 million jobs in the insurance industry, and that number is growing by more than 300,000 each year. The insurance industry is one of the largest industries in the United States—and it’s growing!
The U.S. Bureau of Labor Statistics (BLS) predicts that there will be more than 3 million new jobs created by 2020; however, due to increased automation and technology advancements like artificial intelligence (AI), many people are worried about how these changes will impact their job prospects or career paths as an employee in an insurance company like State Farm Insurance Agent Jobs Opportunities near Eagle River AZ 86020
Of course, this doesn’t mean that all of those jobs are available to you. You will need to put forth some effort and make sure that your resume stands out from the crowd in order for it to actually land an interview! But if you do happen to get one of those interviews, be prepared with the right answers so that you can impress employers with your knowledge on the topic at hand.