Insurance: currently 391 jobs.The latest job was posted on 10 Feb 16.
eFinancialCareers offer a wealth of insurance jobs in general, life and commercial insurance including a significant number of roles is areas like auto, home, accident, property, liability and credit.
Where to Look for Insurance Jobs
The insurance industry is dominated by the large general insurance companies that develop a wide range of insurance products for their clients, including both individuals and businesses. Inevitably this involves assessing risk and pricing the products accordingly – key in this process are the actuaries that specialise in calculating and assessing risks. Insurance is marketed to clients in one of two ways – by direct salespersons employed by the insurance company and through brokers acting as agents.
The less obvious parts of the insurance industry include the re-insurers, where insurance is provided to the insurers to lay off some of the risk they have underwritten, and the specialist insurance market that is Lloyds of London. The Lloyds market offers a wealth of opportunities within its network of syndicates, underwriters and broking firms. There are also roles available within bancassurance groups – bancassurance is the term used for financial services companies that combine both banking services and insurance products for their clients.
Types of Insurance Jobs Available
Underwriters focus on data assimilation and risk analysis. They are the people who take the decision to actually accept an insurance risk.
Actuaries are responsible for developing mathematical and statistical models, so that insurers can quantify and assess the risks they have taken on.
Product roles are tasked with creating new insurance solutions. Information can come from research analysts and business analysts within the firm, or external sources, influencing the types of products that might be required in the market.
Investment professionals include those responsible for managing the money held in the insurance company’s funds, and implementing the strategies to contain risk whilst maximising return.
Broking and Sales are very similar, with both required to find the right insurance products for their clients. Sales people are employed by the insurers, whilst brokers are separate individuals or firms acting as agent to sell the insurance products for commission.
Claims makes up a significant proportion of all insurance jobs. From general administration of claims through to claims investigation and fraud detection, the claims team is vital to the efficiency and ultimately the profitability of the insurance operation.