Types of Insurance Jobs

Are you looking for a new insurance job? If so, then you can land one of several different types of positions. Here are some of the types of jobs that you can choose from:

1. Actuary

Basically, an actuary has two objectives. One is to determine how much an insurance company should charge its clients for insurance. Actuaries also help to determine if issuing a policy to someone would be prudent. However, while actuaries have basic objectives, they achieve those objectives through various types of tasks. That includes setting the policies of businesses, evaluating insurance policies, reviewing insurance applications, and so on. Actuaries should have a strong background in both math and the humanities. Also, they typically must pass a board exam before they can become actuaries.

Types of Insurance Jobs

2. Auditor

The primary objective of an Insurance Auditor is to judge whether claims that insurance companies receive are indeed valid. This involves examining statements that both parties make in the processing of claims. It also involves conversing with experts in the business, to determine the validity of claims that customers make. An Auditor must also determine if items have been damaged or lost, in order to provide monetary compensation whenever it is necessary. It's important to note that the tasks of Insurance Auditors in different industries can vary quite considerably. While those in the automotive business are the most renowned, several types exist.

3. Claims Examiner

The job of a Claims Examiner is to process applications from those requesting to receive financial compensation from insurance companies. Ultimately, the examiner decides whether a claim should be granted or denied. One of the key tasks of a Claims Examiner is to weed out various types of fraud, including:

  • Bankruptcy fraud
  • Consumer fraud
  • Healthcare fraud
  • Insurance fraud
  • Tax fraud

Claims Examiners have a crucial role in insurance companies, as they ultimately can save insurance companies (and their ethical customers) a small fortune.

4. Financial Manager

The responsibilities of a Financial Manager are varied. A person's ultimate objectives are to protect current investments, and to maximize future income. He or she must oversee and supervise various financial documents that are related to an insurance company. Financial Managers must also supervise an insurance company's cash flow, by supervising various types of financial documents. That includes income statements and balance sheets. Finally, a Financial Manager in an insurance company should have a comprehensive understanding about various legal issues, such as legal regulations.

5. Insurance Appraiser

This type of insurance position involves ensuring that the holder of an insurance policy receives fair monetary compensation after experiencing some type of loss. An Insurance Appraise accomplishes that goal by calculating: A) an insured item's value, B) the amount of damage to an item, or both amounts. To achieve these goals, an Insurance Appraiser must have enough knowledge about the appraised item, and how much it would cost to fix or replace it.

These above positions are some of the most common types in the insurance business. Whether you're looking for your first or tenth insurance job, knowing which ones are available will help you to choose the best one for your career.


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