“If we’re honest, kids don’t grow up wanting to work in the insurance industry,” said Thomas Berry-Stoelzle, a finance professor at the University of Iowa. Noting this, colleges are trying to get more students excited about insurance as a career. “If you’re an art history major, there’s a lot of insurers out there who need people who can appraise artworks,” said Michael Barry with the Insurance Information Institute, an industry-funded consumer education organization.

There are also potential jobs in the industry for people who understand everything from meteorology to appraising jewelry. That demand for insurance products is driving the need for more underwriters, the people who assess risk and determine how much to charge for policies, along with agents and brokers to sell those policies. “It just grows the need, or the perception of the need, for the product,” said Matthew Palazola, an analyst with Bloomberg Intelligence. The pandemic has also made people more attuned to the likelihood of bad events happening, which can make them more inclined to buy insurance. “Many companies are experiencing revenue growth that’s supporting their staffing,” he said. Meanwhile, Rieder pointed out that there have been a lot of increases in insurance pricing. “We’re seeing in response to that, companies are looking to add employees, particularly around their claims staffing,” said Jeff Rieder, who leads Ward Benchmarking, an insurance consulting practice that’s part of the company Aon.įor example, insurers might need to hire more adjusters to go out into the field to look at the damage caused by all that weather. This year, there was April hail, March tornadoes and February flooding. Another is, when it comes to weather in particular, things have been going badly. One is that, as the pandemic moves into a new phase, Americans are more worried than they used to be that things will go badly. There are now just under 3 million people employed in that industry, about 3% more than during the Before Times, in February 2020.

In Friday’s national jobs report, you’ll see the number of people employed at insurance carriers and related activities went up last month, with 15,000 new jobs.

Download osmo company