9th March, 2023

With National Careers Week, a week-long campaign that celebrates careers guidance in education across the UK, taking place this week, what better time to delve into the benefits of a career in insurance? If you’re considering whether a career within the insurance industry is for you, then look no further…

High earnings potential

As the saying goes, ‘money makes the world go round’. So most of us are looking for a career that has the potential to earn big, right?

A career in insurance can be rewarding in many ways, especially financially. According to Reed, the average salary for an Insurance Broker in the UK is £33,699, but this depends greatly on the area of insurance that you work within and your position. As you progress through the industry and, if you choose to, gain professional qualifications, your earning potential can rise to an excess of £100,000.

Something for everyone

There’s countless types of job roles available within insurance, from sales or customer service, to accounting, marketing or web development, so there really is something for everyone. This also means you have the opportunity to explore your options – if you start off in a role that you feel you’ve outgrown, you’re in a great position to explore other opportunities that the industry offers!

The industry is sustainable

From health and life insurance, to motor insurance and even alien abduction insurance (it’s a real thing, trust us), there are countless types of insurance and there will always be a need for it, making it a very sustainable and secure industry.

Even during periods of financial uncertainty, insurance tends to remain more stable than other industries due to the fact that people will always need protection from risks.

To further support this, data shows that the number of active job postings for the UK insurance industry increased by 33.89% between September and December of 2022 – so rest assured there’s no shortage of opportunities!

Insurance is a worldwide industry

Speaking of opportunities, are you looking to take your career global?

There are insurance companies all over the world, and many UK based insurance companies often have branches in other parts of the world. So, if you’re looking to work in an industry that could offer the opportunity to travel, or even relocate, then a career in insurance might just be the one for you.

Develop transferrable skills

There’s no doubt that you’ll pick up plenty of transferrable skills from a career in insurance. You’ll deal with people who have varying levels of knowledge, from a customer looking for their first ever policy to industry professionals, so you’ll soon learn how to adapt your communication skills. Not to mention picking up invaluable customer service skills that you’ll need to understand and meet the needs of your clients. Plus, we won’t trick you into thinking the insurance industry is always smooth sailing, so you’ll almost certainly become more than capable at problem-solving!

Here at One Call, we’re passionate about careers in insurance and offer plenty of opportunities, so take a look at our careers page today - there’s no time like the present!


Written by: Shannan Errington

*Please note that the above information has been gathered through secondary research. The information provided is not based on our opinion. You should seek further guidance and information before making an informed decision.

Sources:
https://nationalcareersweek.com/
https://www.globaldata.com/data-insights/financial-services/united-kingdom-job-trends-in-the-insurance-sector-2095259/
https://www.skillsyouneed.com/rhubarb/insurance-industry-career.html https://www.insidecareers.co.uk/career-advice/insurance-skills/
https://www.reed.co.uk/average-salary/average-insurance-broker-salary?kd=financial-services