Best Paying Jobs In Property Casualty Insurers. The property insurance industry is one of the most stable in the financial sector. It serves as a reliable source of steady income for those who have good risk management skills, knowledge of niche areas and excellent people management skills.
This sector also offers the best job opportunities for those who are passionate about their work. The property insurance industry has been growing at a steady pace since the early 2000s when it began to see more stability following the dot-com crash in 1999. With that expansion, more roles have become available within this niche sector.
15 Best Paying Jobs In Property Casualty Insurers
Now, you can choose from a wide variety of jobs depending on your interests, educational background and other factors. Below is a list of some of the 15 Best Paying Jobs In Property Casualty Insurers;-
Insurance Underwriter $67,680
An insurance underwriter is the person responsible for making sure that the company’s policies are thoroughly reviewed and approved. You can expect to make $67,680 annually as an insurance underwriter. You will be responsible for reviewing each policy to make sure that it meets standards set by the company. You will also be responsible for approving each policy in the hope that it covers the risks the company has agreed to cover.
As an insurance underwriter, you will be expected to work throughout the day and often at night and on weekends to meet deadlines. This is a job for those who are willing to spend long hours reviewing policies in order to make sure that customers receive benefits they are entitled to. Read Also 10 Best Paying Jobs in Telecommunications Equipment
Insurance Claim Clerk $30,600
A claim clerk is responsible for handling all issues related to filing claims. To perform this role, you will be filing claims, taking payments, and ensuring that all records are kept in order. This job can be performed efficiently with a college degree. To enter the claim clerk field, you will need to have skills in communication, organizational skills, computer skills, and the ability to work independently. The annual salary for claim clerks is $30,600.
Insurance Field Inspector $34,600
An insurance field inspector is responsible for inspecting construction sites to make sure that construction meets standards set by the company. To perform this role, you will be responsible for inspecting construction sites, making sure that construction meets standards set out by the government.
You will be expected to work in teams with structural engineers, architects and other inspectors. This is a job for those who enjoy working outdoors. You can expect to make $34,600 a year as an insurance field inspector.
Insurance Investigator $55,000
An insurance investigator is responsible for performing investigations on companies who do not meet standards set out by the government. You can expect to make $55,000 annually as an insurance investigator.
You will be responsible for performing investigations on companies who have not been fully licensed, or who have been found guilty of committing fraud. This is a job for those who enjoy working with computers, as well as those who enjoy solving complex problems.
Claim Examiner $56,000
A claim examiner will be responsible for reviewing and assessing insurance claims in order to determine their validity. To perform this role, you will be expected to determine the validity of each claim and make written notes to support your decision. The claim examiner role is one of the most complex jobs in the insurance sector.
To enter this field, you will need to have a strong degree in business or a degree related to insurance. You will also need to have skills in computer applications and mathematics. The annual salary for claim examiners is $56,000.
Insurance Sales Agent $58,000
An insurance sales agent will be responsible for selling insurance policies to consumers. To perform this role, you will be expected to work with consumers to understand their needs and make recommendations regarding insurance products. You will be expected to work independently and make presentations to potential clients on behalf of insurance companies. The annual salary for insurance sales agents is $58,000.
Business Analyst – Insurance $64,000
An insurance business analyst will help companies to better understand how the insurance sector works. Your role will be to conduct research in order to provide accurate information to clients. The successful candidate will have strong communication skills, as well as the ability to work independently. The salary for insurance business analysts is $64,000. Read Also 14 Best Paying Jobs In Capital Goods
Insurance Broker $66,000
A broker is a licensed insurance professional who helps consumers and businesses to find the best insurance coverage for their needs. The broker will work with underwriters to identify risks, create policies, and help clients with claims. The salary for insurance brokers ranges from $66,000 to $213,000.
Financial Analyst $75,000
A financial analyst will use the information they have collected to make predictions about the future. The successful candidate will need to have strong analytical and problem-solving skills, as well as the ability to work independently and with teams. The salary for financial analysts ranges from $75,000 to $160,000.
Data Analyst Property and Casualty Insurance $86,000
A data analyst will use advanced computer programs in order to analyze data related to property and casualty insurance companies. Your job will be to identify problems in the data and to provide recommendations for the data management teams. The salary for data analysts ranges from $70,000 to $120,000.
Loss Control Consultant $100,000
A loss control consultant will be responsible for reviewing all actions taken in order to reduce losses, as well as for reviewing business operations to ensure they are in compliance with government regulations. The successful candidate will need to have strong communication skills, as well as the ability to work independently and as part of teams. The salary for loss control consultants ranges from $75,000 to $150,000.
Claims Adjuster $60,000
A claims adjuster will work with frontline personnel to review and assess claims in order to determine their validity. Their job will be to make sure that each claim is valid and should be paid. The claims adjuster will also be responsible for determining the amount of the claim and deciding on the correct course of action. The salary for claims adjusters ranges from $65,000 to $160,000. Read Also 15 Best Paying jobs in precious metals
Risk Manager $139,110
The average salary for a risk manager is $139,110 per year. The job of a risk manager is to ensure that the organization is protected from financial loss due to any type of risk, such as theft or natural disasters. This can include things like protecting against fraud, theft, and disaster. Risk managers are also in charge of making sure that the organization has adequate insurance coverage.
They may also be involved in other areas, such as security and safety.
There are many different types of risk managers. The most common type is a business risk manager. This person works on the front line, taking care of day-to-day operations.
They may be responsible for things like inventory management and filling orders. Another type is an internal audit manager. This person works in a back office and helps to oversee compliance with regulations and policies. They may also be involved in monitoring financial activity for fraud or other problems.
Actuary
Average annual salary: $101,000. A major factor in any decision regarding investments is return. The role of an actuary is to calculate the return on investments and make recommendations based on the findings. Actuaries are skilled at calculating return on investment for a variety of reasons, including understanding diverse investment markets and being skilled at quantifying risk.
This can be particularly valuable if you are investing with a large amount of money, as an actuary can provide counsel on how to invest the funds most effectively. Actuaries also play a key role in identifying why certain investments are performing better or worse than others. For example, an actuary might investigate the cause of a specific stock’s high return and explain why it is performing well.
In addition, actuaries can analyze past data to determine the likelihood that a certain event will occur in the future. This information can help investors decide whether orSimilarly, actuaries may use their expertise to help identify risks that they deem unacceptable, such as when companies have weak financials or when another company is either significantly outperforming or underperforming their own industry.
Underwriting Assistant
Average annual salary: $55,120 – $63,720. Being an underwriter assistant is a great way to start your career in the financial services industry. You will be responsible for many day-to-day tasks, including data entry and processing loan applications. Additionally, you will be trained on all aspects of the loan process, from loan origination to closing.
There are a few key requirements to becoming an underwriting assistant. First, you must have a high school diploma or GED. Second, you must be able to pass a background check and drug screen. Lastly, you must have excellent organizational skills and the ability to multitask.
Underwriting assistants typically earn around $55,120 per year, although this varies depending on experience level and location. Those who work in large cities tend to make more than those who work in smaller towns or rural areas. Best Paying Jobs In Property Casualty Insurers
Conclusion
The best way to find out what you like best about the field of property insurance is to get a feel for it while you are still in school. You can also do an internship while you are in school, or you can get involved with a student organization. When you are ready to make the jump to the working world, you will have a better idea of what careers you would like to pursue. Best Paying Jobs In Property Casualty Insurers
