Google+
Home / Finance & Accounting / Is Working In Insurance Boring?

Is Working In Insurance Boring?

insurance

Working in insurance is far from boring. Take a look at four job roles within the sector

The world of insurance is varied and it includes many different but equally important people in a variety of roles. All of roles described below require you to have a great eye for detail, the ability to analyse data and good interpersonal skills.

Actuary Careers

Actuaries forecast future financial costs and risks by researching and interpreting data for both private companies and public bodies. As an actuary working in insurance you might design policies and calculate premium rates.

Working hours for an actuary are usually Monday to Friday and whilst you are training you can expect to spend quite of bit of time spent training. Trainee actuaries typically earn about £30,000 to £36,000 a year.

Forensic Accountancy Careers

Forensic accountants investigate financial discrepancies and inaccuracies and misconduct, including possible fraudulent activity. Forensic accountants provide evidence that is suitable for use in a court of law.

Working hours will normally be 9 to 5, Monday to Friday for forensic accountants but expect to sometimes have to put in extra hours to meet deadlines. Starting salaries are on average about £24,000.

Insurance Underwriter Careers

An insurance underwriter decides whether applications for insurance cover should be accepted and if so, what the terms and condition will be. They assess the risks of insuring either an individual or a company.

Typical starting salaries for insurance underwriters are about £25,000 and working hours are normally Monday to Friday, 9 to 5.

insurance Claims Handlers Careers

Insurance claims handlers decide the extent and validity of insurance claims. They make sure that the claim is handled properly and that payments are made to policyholders. They collect information, organise tradespeople to arrange repairs and handle any complaints.

Starting salaries for a trainee claims handler are around £14,000 and working hours are typically 35 – 40, Monday to Friday.

Although some of the job roles described above do not require you to have a degree in accounting, the most relevant degrees are business management, accountancy, economics, statistics and maths or any maths-based subject like physics or engineering.

You can find out more about careers in insurance by visiting www.insurancetimes.co.uk and to find specific information on the role of an actuary check out our finance and accountancy page at www.movingonmagazine.co.uk

About Lynette Daly

Lynette is the publishing editor of Moving On magazine. Moving On is devoted to helping young people make good choices for their future – education, qualifications and careers. Moving On really wants to motivate you! Our articles cover a range of topics to inspire and give ideas. Our magazines are delivered free to all schools, colleges and sixth forms in England and is also available online.

Comments are closed.

Scroll To Top