Insurance underwriters decide whether to provide insurance and under what terms. They evaluate insurance applications and determine coverage amounts and premiums.
Insurance underwriters work indoors in comfortable offices. Most work full time.
Employers prefer to hire candidates who have a bachelor’s degree. However, insurance-related work experience and strong computer skills may be enough. Certification is necessary for advancement to senior underwriter and underwriter manager positions
The median annual wage of insurance underwriters was $59,290 in May 2010.
Employment of insurance underwriters is expected to increase 6 percent from 2010 to 2020, slower than the average for all occupations. New types of automated underwriting software allow workers to process applications more quickly than before, reducing the need for underwriters.
Claim Adjusters, Appraisers, Examiners, and Investigators
Claims adjusters, appraisers, examiners, and investigators evaluate insurance claims. They decide whether an insurance company must pay a claim, and if so, how much.
Most claims adjusters, appraisers, examiners, and investigators work full time. They often work outside the office, inspecting damaged buildings and automobiles.
A high school diploma or equivalent is typically the minimum requirement to work as an adjuster, examiner, or investigator. However, employers sometimes prefer to hire applicants who have a bachelor’s degree or some insurance-related work experience or vocational training. Auto damage appraisers typically have a 2-year vocational award or work experience in identifying and estimating the cost of automotive repair.
The median annual wage of claims adjusters, examiners, and investigators was $58,620 in May 2010. The median annual wage of insurance appraisers of auto damage was $56,230 in May 2010.
Employment of claims adjusters, appraisers, examiners, and investigators is expected to grow 3 percent from 2010 to 2020, slower than the average for all occupations. Growth should be particularly strong in health insurance as a result of federal legislation mandating insurance coverage.
Automotive Body and Glass Repairers
Automotive body and glass repairers restore, refinish, and replace vehicle bodies and frames, windshields, and window glass.
Repairers usually work in well-ventilated body shops in order to disperse dust and paint fumes. They sometimes work in awkward and cramped positions, and their work can be physically demanding. Most repairers work full time, and overtime and weekend hours are common.
Most employers prefer to hire repairers who have completed a formal training program in automotive body repair or refinishing. Still, many new repairers begin work without formal training. Industry certification is becoming increasingly important. It is important to be aware of how insurance works as many of the repairers are subject to insurance claims.
In May 2010, the median annual wage of automotive body and related repairers was $38,130, and the median annual wage of automotive glass installers and repairers was $33,160.
Employment of automotive body and glass repairers is expected to grow 19 percent from 2010 to 2020, about as fast as the average for all occupations. Those with formal training and industry certification should have very good job opportunities.
Personal Financial Advisor
Personal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions.
Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time and may meet with clients in the evenings or on weekends.
Personal financial advisors typically need a bachelor's degree. A master’s degree and certification can improve chances for advancement in the occupation. Personal financial advisors who directly buy or sell
Running Head: MEDICAL BILLING AND CODING Medical Billing and Coding as a Career Abstract: Since I became a mother, I have always wanted a job that would allow me to work at home. I have an associate in accounting and tried doing bookkeeping from home but that did not really work out. I did some research and found that being an insurance medical biller and coder is one of the best jobs to have for working at home. Top Medical Billers can earn over $40,000 a year either at home or in…
Significant Points of a Financial Analyst Career | * An individual with a great financial analyst salary in most cases has great interpersonal skills and an aptitude for working with numbers are among the most important qualifications for financial analysts and personal financial advisors. * Keen competition is anticipated for these highly paid positions, despite rapid job growth; those who have earned a professional designation or an MBA are expected to have the best opportunities.…
Agent position at Farmer’s Insurance Company. I will be graduating from Leeds School of Business with a degree in Business Administration and an emphasis in Accounting this May and I feel I possess the skills and qualifications you require. It will be my honor to be a part of Farmer’s Insurance team. I am looking forward to assisting Farmer’s Insurance with my Accounting and Business knowledge. I have always thought that working in an Insurance company will give my career a good start to utilize my…
position may be needed to meet these demands. When a company such as Aflac needs associates to represent its company one would assume that either the company is in need of increasing its sales force in the community because of an increase in demand for insurance or the company must hire new faces to help promote on account of a decline in sales. When companies desire to hire during times of economic recession one may believe this company is expecting an increase of demand as a result of economic…
The Federalism of Unemployment Insurance Federalism has become increasingly more noticeable in America over the past few decades. States are increasingly trying to hold on to their powers and the Federal Government seems to be increasingly ready to take over local issues. One of the issues that has seen growing tension between Federal, State and Local Government is Unemployment Insurance. In a time when the economy is on the downslope and people are having more and more difficulty keeping jobs…
and a lot of affection for children to be successful in this career. We may all wonder why pediatricians even came to be. Why can’t children and adults be seen by the same doctors? It all began in Europe when adults started gaining many diseases and illnesses that they didn’t want to give to children. They wanted to separate children to avoid exposing them to adults, so they opened different institutions. To start off with career it takes a lot of education. To begin, it all starts in high…
possible. Values- What individuals or cultures think of as 9important in life, as having meaning, or as being desirable Lesson Two Abilities- Natural or acquired skills or talents Advancement- In terms of a career, an effort one makes (or a milestone one achieves) in bettering one’s career Aptitude- An inherent ability or…
“Computer Network Support Specialist.” Market analysis revealed that the prevailing median annual income for this position in the city of San Jose in California is $68,700 with the 75% of the salary represented $93,100 and the 90% represented $118,100 (Career One Stop, 2012). [pic] The salary and wage earning is a competitive number compared to other districts in California. The salary’s position attracts prospective employees favorably, and worth one’s skills, knowledge, and experience for the job…
Western Europe. Answer: False (see page 591) 9. T/F In the United States, banks, insurance firms and brokerage firms are prohibited from having significant financial interests in one another. Answer: False (see pages 593-4) 10. T/F Webvan is an example of a successful Internet-based delivery service. Answer: False (see page 638) 11. The largest service industry within the service sector is: (a) Fire, Insurance, Real Estate services (b) Health services (c) Business services (d) Travel…
In almost any professional field people can be divided into two major groups: specialists and generalists. A career builder may find disadvantages of belonging solely to either one of these groups. In my opinion, flexibility is the key to success. Whereas being a representative of either one of these groups may have advantages and disadvantages, a flexible specialist who would not lose himself in the changing world and would accommodate to the changes quickly will be in the winning position. Continuous…
