Are careers in insurance not made aware to young people enough to Watch

hsv
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Are careers in insurance not made aware to young people enough? Also is insurance underwriting, especially being a "professional underwriter" at Lloyd's of London the most lucrative career in insurance outside being an actuary?
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wanderlust.xx
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The only people who could give you even a remotely decent answer would be HR professionals who've been working in insurance for years (and can see shifts in candidate profile types) or recruiters specialising in insurance (who have seen shifts in candidates). I'm also fairly certain any answer you'll get is highly subjective...

As for insurance in general, you'll earn quite a lot within higher management which normally requires you to simply be good with people. Insurance is like any other industry... there's low paid actuaries, high paid actuaries, low paid underwriters, high paid underwriters... depends on individual performance.
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dark_vadar_4321
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Haha, did you read the insurance times? I remember there is an article saying that young people are not aware of a career in insurance.



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sonic_dream
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I, for one, am not really aware as to how to get in to a career in insurance. I'm trying to get into the accountancy sector, but as a back up, how exactly do you go about getting into the insurance business?
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dark_vadar_4321
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It depends on what degree you are doing and where your interest lies. You can be an accountant in insurance too. There are lots of area you can get into, if you have a quantitative degree, such as claims, broker, business analyst, underwriting, marketing and IT. It is rewarding and more recession proof compared to many other professions.

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sonic_dream
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I'm not sure if my qualifications (A third class degree in Accounting and Finance) will be able to get me even an entry level position in insurance? Anyway, most of the jobs I've searched for in that sector - I haven't looked recently, mind - are looking for experienced people. How exactly do I get into even entry level insurance jobs?
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wanderlust.xx
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(Original post by sonic_dream)
I'm not sure if my qualifications (A third class degree in Accounting and Finance) will be able to get me even an entry level position in insurance? Anyway, most of the jobs I've searched for in that sector - I haven't looked recently, mind - are looking for experienced people. How exactly do I get into even entry level insurance jobs?
Firstly, you need a way to distinguish yourself from the crowd. What type of role do you want to fulfil? Excel is an integral part of working in insurance (probably 2003), so doing an evening course in Excel and Access and data analysis will be extremely useful. If that isn't enough, learning some programming (VB, SAS) might help, but it's not essential at all.

Secondly, you'll need to widen your net. If you just apply through grad schemes, you won't get far. Search around, sign up to various agencies and create more opportunities for yourself.

To catch the right fish, you need a wide net, the right lake and (sometimes) the right fishing partner.
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sonic_dream
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(Original post by wanderlust.xx)
Firstly, you need a way to distinguish yourself from the crowd. What type of role do you want to fulfil? Excel is an integral part of working in insurance (probably 2003), so doing an evening course in Excel and Access and data analysis will be extremely useful. If that isn't enough, learning some programming (VB, SAS) might help, but it's not essential at all.

Secondly, you'll need to widen your net. If you just apply through grad schemes, you won't get far. Search around, sign up to various agencies and create more opportunities for yourself.

To catch the right fish, you need a wide net, the right lake and (sometimes) the right fishing partner.
Thanks for the advice. I have knowledge of Excel past the normal formulas and such, and I know basic Access operation, but I would certainly need more than that.

I'm still gonna concentrate on accounting, but I'm gonna try and enhance these skills if I get the chance.
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hsv
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(Original post by sonic_dream)
I, for one, am not really aware as to how to get in to a career in insurance. I'm trying to get into the accountancy sector, but as a back up, how exactly do you go about getting into the insurance business?
How about Chartered Insurance Institute (CII) quaifications and courses for example the introduction to insurance course, managing an underwriting portfolio course if you want to get into underwriting etc? What area of insurance/job role do you want to get into? To Darth Vader would these help you getting in at all and are apprenticeships a good avenue in as well?
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