Careers in Insurance


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Whether you are choosing a career for the first time, or are thinking about switching to a new field, deciding what you want to do for the rest of your life can be more than a little intimidating. As your vision of careers begins to mature, or perhaps change, you may want to look into the diverse and rewarding opportunities within the multi-billion dollar insurance industry.

Insurance is not a fly-by-night industry -- as far back as 4000 B.C. Chinese merchants would combine their risks to guard against loss. Today, insurance plays a large role in our credit system, while protecting millions of home, auto and business owners from the risk of losing everything they have.

If you're looking for a career that will always be in demand, one that offers stability and room for growth, consider the field of insurance. Remember, risk is a constant in everyone's life; therefore, protection, protection against risk is a constant needed.

 

 

Research supports the fact that the independent agency system is both rewarding and profitable. Here is some information you should be aware of:

  • There are 44,000 independent agencies in the U.S. employing 1/2 million people.
  • 80% of agencies have a woman in a management position;
  • The average agency has increased in size over the past four years;
  • 40% of agencies hired a new producer between 1991 and 1995;
  • The number of younger people holding an ownership interest in an agency is growing;
  • Established relationships, referrals and business acquaintances generate the most new business for agencies;
  • Pay is increasingly tied to performance -- many agencies are moving to part salary, part commission based on your success!

Source: Independent Insurance Agents and Brokers of America

 

 

  Independent Insurance Agents of Illinois
4360 Wabash Ave. • Springfield, IL 62711
(800) 628-6436 • (217) 793-6660 • Fax: (217) 793-6744
www.iiaofillinois.orgwww.ChooseIndependent.cominfo@iiaofillinois.org