“Insurance is greatest industry in the history of mankind.” – John Wepler, Chairman of MarshBerry
The insurance industry might not be the first career path that comes to mind for young adults, but it offers a wealth of opportunities that sadly go mostly unconsidered by those entering the workforce for the first time. Here’s why young people should consider diving into this dynamic field.
Impact and Purpose
A career in insurance is about more than crunching numbers—it’s about making a difference. Whether you’re helping a family recover after a disaster, designing policies that protect small businesses, or putting together programs that make large projects within your community financially feasible, your work has a tangible impact. For young people who value purpose-driven careers, insurance offers the chance to contribute to societal stability and resilience.
Low Barrier of Entry
Breaking into the insurance industry doesn’t always require a specific degree. While a background in fields like finance, mathematics, or business can be helpful, all you really need to get started and be successful in insurance is to be perceptive, humble, and driven. The incredible growth in the industry combined with an aging workforce has left employers scrambling to find talent. The door is wide open!
Stability and Growth
Insurance is a cornerstone of the global economy, providing financial protection and peace of mind to individuals and businesses. Virtually everything we utilize and enjoy in our daily lives is propped up by some component of insurance. This ensures the industry’s resilience, even during economic downturns. As the world changes, economies grow, and new industries emerge, the demand for new and innovative insurance products and services skyrockets. Hesitate and you will miss the boat, as the insurance sector will continue to expand, providing long-term job security and career growth.
Diverse Career Paths
The insurance industry is far from one-dimensional. From risk management and brokerage positions to actuarial science, underwriting, claims management, marketing, and technology-driven roles like data analytics and insurtech development, there’s a place for nearly every skill set. Creative thinkers, tech enthusiasts, and problem-solvers can all find fulfilling roles. Many companies also offer rotational programs, allowing young professionals to explore and experience different areas before specializing.
Unlimited Earning Potential
Let’s get real and talk about some hard truths: The sad reality is that economic pressures are greater than ever. Realizing the “American Dream” on a median level salary is simply impossible. The vast majority of young Americans do not have the luxury of pursuing their youthful passions in their 20’s while still being able to buy a home and start a family in their early to mid-thirties. Now more than ever, it is important to establish financial goals early in life. Insurance is one of a few rare fields where the earning potential is uncapped for not only the business owners, but also for the employees. Let’s face it, there aren’t many industries where you can enter the field at a young age, without a college education, and without industry experience and be making a significant income within a few years.
Benefits packages are typically very competitive. Entry-level roles, such as customer service representatives or claims adjusters, provide strong starting points, while specialized positions like producers or risk managers command impressive earning potential. Many companies also invest in employee development through certifications, mentorship, and tuition reimbursement.
Embracing Technology and Innovation
The industry is undergoing a technological transformation, making it an exciting time to join. Artificial intelligence, machine learning, and blockchain are reshaping how insurance products are developed and delivered. For tech-savvy young professionals, this creates opportunities to innovate and lead change in a traditional and stable industry.
The insurance industry offers a unique blend of stability, innovation, and impact—an ideal combination for young people eager to build meaningful, rewarding careers. By joining this evolving field, you can play a role in shaping its future while securing your own.
We love spending time with perceptive, humble, driven people and sharing with them what the insurance industry has meant to us and our families. If you are interested in learning more, please head to our careers page here or call (702) 878-2820.
Each month, Swarts Manning insurance experts cover relevant topics for your business. Stay tuned for more discussions about managing your insurance and industry-specific tips.
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