The insurance sector is a good place to begin and grow your career. Because of the retirement of industry development and baby boomers, the insurance sector hires more than 50,000 insurance agents every year.
Millennials are the future of insurance and have most of the qualities that industry recruiters look for, like love for solving problems, an affinity for teamwork, and an entrepreneurial spirit. If you are still not yet convinced, here are major reasons insurance agency is a perfect career choice for most Millennials:
People might not regard insurance as a glamorous industry in America, but in the real sense, it provides stability. Insurance is recession-proof since insurance firms are fiscally conservative and everyone requires insurance, whether the economy is down or up.
In the same way you cannot buy a house with proof of insurance, entrepreneurs will not be able to obtain or build financing for commercial buildings without it.
2. Job Security
Insurance is here to stay. It has been there for many years, and it will continue being around provided people continue driving cars, running a business, and owning a home.
Not even a recession can slow down the industry. Employment with insurance companies or independent agencies guarantees job security, which can pay off your student loan and even build a nest egg for the future.
3. Efficiency through Technological Advancement
Historically, the insurance sector has been technologically adverse. Millennials have grown up being immersed in technology. For instance, with a CIPR number, insurance agents can log in to a regulator’s website and manage their information, like renewing a license and uploading CE certificates.
So what is CIPR (Canadian Insurance Participant Registry)? It is a single secure location where every regulated insurance agent can manage their personal details.
This presents a great opportunity for every Millennial to manage digital transformation, create efficiencies, and even re-imagine work environments.
4. Work-Life Balance and Flexibility
With many Millennials working long hours in their offices, it is very refreshing to know there are fields, such as insurance, which may offer a reasonable work-life balance.
Although the job can be very demanding at times, insurance will allow you to enjoy your life outside the office. Most companies also provide flexible work schedules and generous paid time off.
You might not get a trendy office space with free gourmet meals and beer on tap, but you will definitely have the assurance that you won’t work on holidays and weekends to prove yourself to your boss.
5. Impact Life
Insurance coverage protects people from financial losses due to unexpected circumstances and events. As a professional insurance agent, you will guide your clients to make wise decisions on the best policy plans that suit their needs.
The recommendations you give and your research will make a big difference to a client’s financial well-being and goals.
In a Nutshell!
Just like taxes and death, everyone should get insurance. For this reason, the sector is growing, and soon enough, it will be stable.
If you’re a recent graduate and wants to survive in an industry for decades, insurance is a perfect option. Although it has a reputation as one of the boring dying industries, technological developments are rapidly moving it into the 21st century.