Top 5 Benefits of Being in Insurance
Introducing Elisa Swanson’s insights on the insurance industry and its exciting possibilities! In her thoughtful exploration, Elisa shares five key tips that shed light on the abundant opportunities within this booming field. Join Elisa as she delves into the world of insurance, unveiling its dynamic nature, meaningful work, and boundless potential for personal and professional growth.
Actuarial Analyst
Berkley Healthcare
- Entry-level positions – the industry is booming and that means there are plenty of jobs, especially entry level jobs. It’s like the doors to the industry are busted wide open and it’s accepting anyone that’s up for the job. I’ve found that in insurance, people from every background have stumbled into the industry. You studied psychology in college? Great, you have a deeper understanding of human behavior that could be utilized in underwriting. You were a nurse? Perfect, our claims team gets plenty of medical reports and your expertise will be invaluable in assessing them accurately. Did you work in retail? Fantastic, your customer service skills will set you apart in handling client inquiries and building relationships. The diversity of backgrounds brings fresh perspectives and contributes to the dynamic growth of the industry.
- Flexibility – According to McKinsey & Company, 3/4s of the time spent on tasks in the finance and insurance industries can be done remotely. Meaning, through the pandemic, insurance companies were still productive and, therefore, companies are more open to hybrid and remote roles. I, myself, work three days in office and two days at home, but if I am waiting for a package or my dog gets sick, I can work from home and continue doing my job.
- Diversity – I’ve met people in every step of their career and people from all around the world. Insurance is a global industry. In fact, when I was an intern, I had the opportunity to work with people from Spain, Australia, and Canada. Because the industry is diverse, I’ve found that D&I initiatives are well-thought out and have ample support. As a American-born Chinese, it’s nice to see people that look like me and as a woman, it’s empowering to see female leaders support young women.
- Your job today doesn’t have to be your job tomorrow – there are so many different roles of insurance. I’m an actuarial analyst, but even in analyst roles, there are operations analysts, claims analysts, business analysts, and data analysts. Insurance is a data driven industry; being a math lover, it speaks to me. Your career in insurance isn’t linear. There are people that starts in claims and end in leadership or people that start in operations and end in claims. There are actuaries that end up in recruiting. The future is limitless and you could be at the same company!
- The work you do matters – I know the industry has a bad reputation. The big bad insurance, but insurance wraps the world in safety. It is everywhere you look. The doctor you went to see for your broken bone? She has insurance. The car you drove to work in? It has insurance. The house you sleep in? It has insurance. Insurance gives the world peace of mind. It ensures even in the face of catastrophe, someone isn’t left out on a limb.
Elisa Swanson’s valuable insights on the insurance industry shed light on its vibrant and ever-evolving nature. From the abundance of entry-level positions to the flexibility of remote work, the industry offers a wealth of opportunities for professionals at all stages of their careers. The industry’s emphasis on diversity and inclusion, coupled with its myriad of roles and career paths, ensures that individuals from all backgrounds can thrive and contribute to its success. Most importantly, Elisa reminds us that the work done in insurance matters, as it provides essential protection and peace of mind to individuals and communities worldwide.
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