Thinking about working in P&C (property casualty) insurance? Wondering what the best-paying jobs in property-casualty insurers are? This article will reveal those top-paying jobs.
Quickstart Guide To Landing a Job In Property Casualty Insurance
- Refresh your resume. Stand out from other applicants by updating your resume. If you need resume help, we recommend working with a resume writing service.
- Look for opportunities on ZipRecruiter. If you’re looking for a property casualty insurance job, start your search on ZipRecruiter. ZipRecruiter is free for job seekers and you can apply for jobs with a single click!
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What Is The Property Casualty Insurers Industry?
The property-casualty (P&C) insurers industry offers insurance products to help consumers and businesses protect their belongings.
The property insurance offers coverage on things you own like your house. The casualty insurance offers protection if you’re found responsible for an accident that impacts others, like if you were at fault during a car accident, for example.
Things that can be insured include:
- House
- Condo
- Autos
P&C insurance products can include homeowners insurance, condo insurance, car insurance, liability insurance, and other products. Customers buy insurance products that they pay for over the long-term and when they find they need to submit an insurance claim, they will contact the insurance company to recoup on their loss.
For example, a leaky faucet in your home might have caused wood rot that requires your kitchen cabinets to be replaced. You would contact your homeowners insurance company to begin an insurance claim to start those repairs.
Another example would be if your car got vandalized and needed the car doors and windshield repaired and replaced. You would go through your car insurance company to start a claim to begin repairs.
P&C insurance is an industry home to tons of different insurance careers. You will find a mix of entry-level and experienced jobs in insurance, that come with perks like opportunities to work from home, career advancement, competitive salary and benefits, and more.
15 Of Best Paying Jobs In Property Casualty Insurers
1. Insurance Sales Agent
Median National Salary: $57,860/year
Education Required: High school diploma
Number of Jobs: 536,800
Job Growth 2022 – 2032: 8% (Faster than average)
Job Duties: The job duties of an insurance sales agent include:
- Contacting prospective customers to sell insurance products
- Answering insurance questions/inquiries
Insurance sales agents work with customers and sell them insurance policies. This could be auto insurance, homeowners insurance, or other kinds of P&C insurance policies.
Insurance agents may specialize in one field of insurance or be licensed to handle multiple products.
2. Insurance Underwriter
Median National Salary: $76,230/year
Education Required: Bachelor’s degree
Number of Jobs: 125,500
Job Growth 2022 – 2032: -2% (Decline)
Job Duties: The job duties of insurance underwriters are to:
- Underwrite insurance policies
- Evaluate the level of risk, and
- Make the decision to extend an insurance policy to the customer
Insurance underwriters look at various factors to evaluate risk.
In the P&C insurance industry, they will look at prospective customers to determine if they are low risk enough to insure them.
For example, for auto insurance, underwriters look at age, driving record, vehicle type and more to determine how risky it would be for the insurance company to insure the customer. The higher the level of risk, the more expensive the insurance premium will be for the customer. For very high-risk customers, insurers can refuse to offer coverage, as well.
3. Claims Adjuster
Median National Salary: $72,040/year
Education Required: High school diploma
Number of Jobs: 342,600
Job Growth 2022 – 2032: -3% (Decline)
Job Duties: The job duties of a claims adjuster are to:
- Evaluate insurance claims
- Estimate the claim
- Inspect the damage
A claims adjustor reviews all the details of the insurance claim and pays the claim. This may involve work like talking to witnesses, reviewing police reports, and more.
4. Cost Estimator
Median National Salary: $71,200/year
Education Required: Bachelor’s degree
Number of Jobs: 231,400
Job Growth 2022 – 2032: -3% (Decline)
Job Duties: The job duties of a cost estimator include:
- Collect, record, and review data to determine the resources needed to create a product or service
Ranked #23 in Best Business Jobs, cost estimators are responsible for estimating costs. You’ll collect data, looking at various factors like time, raw materials, and labor to determine the estimated replacement cost in insurance claims.
5. Insurance Appraiser
Median National Salary: $49,999/year
Education Required: High school diploma
Number of Jobs: 349,400
Job Growth 2022 – 2032: -3% (Decline)
Job Duties: The job duties of an insurance appraiser are to:
- Appraise property to put a value on the damage
- Help settle insurance claims
An insurance appraiser determines the value of property like homes, cars, etc. Travel may be required in this job, as appraisers may have to visit locations in person to inspect and value damage.
6. Insurance Claims Examiner
Median National Salary: $61,600/year
Education Required: High school diploma
Number of Jobs: 349,400
Job Growth 2022 – 2032: -3% (Decline)
Job Duties: The job duties of an insurance claims examiner are to:
- Review insurance claims to ensure they have adhered to the guidelines
- Provide support to claims adjusters on complex insurance claims
An insurance claims examiner is in charge of reviewing insurance claims for accuracy, to ensure it meets industry and company guidelines. They also provide support to the claims department, as needed.
7. Customer Service Representative
Median National Salary: $37,780/year
Education Required: High school diploma
Number of Jobs: 2,982,900
Job Growth 2022 – 2032: -5% (Decline)
Job Duties: Customer service representatives have the following job duties:
- Help answer customer questions/inquiries
- Process routine transactions like payments and refund requests
- Handle complaints
Customer service representatives help P&C insurance customers with questions, inquiries, and routine transactions like processing payments and service requests.
This entry-level role may be a good fit for workers who are interested in breaking into the property casualty insurer industry but don’t have experience or a college degree.
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8. Risk Control Manager
Median National Salary: $139,790/year
Education Required: Bachelor’s degree
Number of Jobs: 792,600
Job Growth 2022 – 2032: 16% (Much faster than average)
Job Duties: Risk control managers have the following job duties:
- Oversee the organization’s overall risk
- Identify and manage risks that could impact the company
A risk control manager is in charge of limiting the organization’s risk. You will identify and evaluate risk, and determine the appropriate course of action to deal with that level of risk that exists. Managing insurance policies, reporting and planning for risk management will also be job duties you will have.
9. Insurance Financial Analyst
Median National Salary: $96,220/year
Education Required: Bachelor’s degree
Number of Jobs: 376,100
Job Growth 2022 – 2032: 8% (Faster than average)
Job Duties: Insurance financial analysts have the following job duties:
- Guide senior leadership about business decisions that make the company more profitable
- Data gathering, organization, and analysis
- Make financial forecasts about the future of the company
This is a financial analyst for the insurance industry. You will collect and analyze financial data, which will help you create financial projections for financial planning purposes.
10. Homeowners Insurance Sales Agent
Median National Salary: $57,860/year
Education Required: High school diploma
Number of Jobs: 536,800
Job Growth 2022 – 2032: 8% (Faster than average)
Job Duties: The job duties of a homeowners insurance sales agent are to:
- Follow up with prospective homeowners insurance customers and sell homeowners insurance products
- Answer homeowners insurance questions/inquiries
As a homeowners insurance sales agent, you’ll work with customers to sell homeowners insurance policies. This may be the sole insurance product you specialize in or you may work with a variety of products.
You will work one-on-one with prospective customers, identifying their needs and determining the best homeowners insurance product for them, along with providing customer service and answering questions, as needed.
11. Insurance Producer
Median National Salary: $57,860/year
Education Required: High school diploma
Number of Jobs: 536,800
Job Growth 2022 – 2032: 8% (Faster than average)
Job Duties: The job duties of an insurance producer are to:
- Sell a variety of insurance products from various insurance companies
- Claims reporting
- Answer insurance questions/inquiries
An insurance producer is an insurance sales agent, usually for a mix of different insurance products or they may specialize in a limited number of products. They are not employees typically but work for a variety of insurance companies on a commission basis only.
The role of an insurance producer is very similar to that of an insurance sales agent with the exception of working independently instead of as an employee for one company.
12. Landlord Insurance Sales Agent
Median National Salary: $57,860/year
Education Required: High school diploma
Number of Jobs: 536,800
Job Growth 2022 – 2032: 8% (Faster than average)
Job Duties: The job duties of a landlord insurance sales agent are to:
- Follow up with prospective landlord insurance customers and sell landlord insurance products
- Answer landlord insurance questions/inquiries
A landlord insurance sales agent is licensed to sell insurance products to landlords. This is insurance for investment properties and in this role you may specialize in selling only this type of P&C insurance or sell a variety of insurance products.
You will work with prospective customers to determine the right landlord insurance policy for them, sell policies and answer questions.
13. Condo Insurance Sales Agent
Median National Salary: $57,860/year
Education Required: High school diploma
Number of Jobs: 536,800
Job Growth 2022 – 2032: 8% (Faster than average)
Job Duties: The job duties of a condo insurance sales agent are to:
- Follow up with prospective condo insurance customers and sell condo insurance products
- Answer condo insurance questions/inquiries
Condo insurance sales agents are licensed to sell condo insurance. Their customers are condo owners that are in need of property insurance.
They will interview condo owners about their needs, sell insurance products and answer questions, as needed.
You may be licensed to sell condo insurance policies only or offer condo insurance in addition to other insurance products that you’re licensed to sell, like renter’s insurance, homeowners insurance, etc.
14. Insurance Claims Director
Median National Salary: $100,090/year
Education Required: Bachelor’s degree
Number of Jobs: 3,787,800
Job Growth 2022 – 2032: 3% (As fast as average)
Job Duties: The job duties of an insurance claims director are to:
- Establish insurance policies and claims processes
- Oversee the insurance claims department
- Long-term operations planning
The insurance claims director role is a senior leadership role above insurance managers. Their job is to oversee and manage the claims department, including reviewing and establishing policies and operations analysis and planning over the long run.
15. Renters Insurance Sales Agent
Median National Salary: $57,850/year
Education Required: High school diploma
Number of Jobs: 536,800
Job Growth 2022 – 2032: 8% (Faster than average)
Job Duties: The job duties of a renters insurance sales agent are to:
- Follow up with prospective renters insurance customers and sell renters insurance products
- Answer renters insurance questions/inquiries
Renters insurance sales agents are licensed to sell renter’s insurance. Their customer pool will be renters of apartments, homes, and other eligible real estate.
They will interview customers to determine their needs, offer and sell appropriate products, and answer questions/inquiries, as needed.
If you work as a renter’s insurance agent, you may be licensed to sell a variety of insurance products including renter’s insurance or specialize in renter’s insurance products only.
Pros and Cons of Property Casualty Insurers Careers
The pros of working in a P&C insurance career include:
- High salary: There’s the opportunity to earn mid-five figure to six-figure salaries working in P&C insurance.
- Career advancement: Upward mobility opportunities are present so, you will get the chance to move up the career ladder in this industry.
- Rewarding work: This is a job field where you’ll feel rewarded for helping others.
- Travel: The possibility of travel exists, depending on your career, which can be appealing to many.
The cons of working in the P&C insurance industry include:
- Certification required: Some jobs (not all) will require certification or licensing. For example, insurance agents will need to pass a state exam.
- Variable income: Some, not all jobs can come with variable pay, like insurance agent careers where a portion of income may include commissions.
- High-pressure work environment: Expectations for top performance can lead to a high-pressure work environment which can lead to work stress and burnout.
Requirements And Skills To Work In P&C Insurance
Depending on the career you pursue, some jobs require certification and licensing. Those requirements will vary based on the state you work in.
In addition to having a minimum of a high school diploma, here are some additional skills which are great to have and include on your resume:
- Active listening skills: Being an active listener is about being attentive, showing that you’re listening, and providing feedback.
- Communication skills: Having strong communication skills is an essential skill in the property casualty insurance industry. This is a sensitive industry where customers are stressed, overwhelmed, and experiencing a range of emotions as they are trying to get their property inspected, valued, and go through the entire insurance process.
- Ability to work independently and in team settings: Switching between working independently and in a team setting with ease is a critical skill in any industry.
How Do You Get A Good-Paying Job In P&C insurance?
Landing a well-paid job in P&C insurance is about having the skills, background, and experience to do the job well.
Take the opportunity to make your skills shine and brag about your experience through your resume. A great resume writing service can tailor your resume to align with the jobs you’re applying for.
Our roundup of the best resume services can help you outsource resume creation so you can leave it to the professionals to build you a winning resume.
Once your resume is complete, you can start your job search!
Best Places To Find The Best-Paying Jobs In Property And Casualty Insurers
Find the best-paying jobs in property and casualty insurers through these online job search websites.
ZipRecruiter
ZipRecruiter is one of the best job search websites online. You’ll be able to search and apply for P&C insurance jobs, along with reviewing salaries and jobseeker reviews.
Check out our ZipRecruiter review to learn more.
Discover Your Dream Job Find jobs near you and apply with 1 click! New jobs posted daily.
LinkedIn is a career-based social network and resource where you can search and apply for jobs while building a professional social profile. It’s a great place to network online and get access to jobs that aren’t posted online yet!
Check out our LinkedIn review to learn more.
Indeed
Indeed is an easy-to-use career search website. You can search for jobs by keyword and location, along with reviewing salary insights and much more.
Check out our Indeed review to learn more.
The Bottom Line
The property and casualty insurers industry is thriving. P&C insurance has a market size of over 800 billion dollars and has grown year over year by around 4%, since 2017.
Careers in this industry are plentiful, with plenty of opportunities to find careers that you can work in and grow with over the long term.
Once you’ve chosen the career path for you, visit ZipRecruiter to start your job search!
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