I have been working in the insurance industry for many years within insurance brokerages and insurance companies acting as a loss adjuster. Although now based in southern part of the UK, I was for a period of time fortunate to work for a highly professional firm of loss assessors in Leeds, Yorkshire.
The kindly Yorkshire folk introduced me to the delights of Yorkshire puddings and I delighted in helping them in their battles against insurance companies to get fair settlements against the claims they had to make for fire, theft and flood damage to their properties through no fault of their own. When it comes to insurance claims, I am on the side of the ordinary person who does not have the knowledge, skills or aptitude to skillfully negotiate claims in their favour!
The following article has been extracted from The Inside Careers website
WHY WORK IN INSURANCE?
If you like working with people and want to be part of a fast-moving industry, then insurance could be for you. For graduates, a vast range of career opportunities are available and waiting for them in the sector, where they can apply the skills and knowledge that they have gained from their degree.
The UK insurance industry is the third-largest in the world and employs around 290,000 people. It’s an essential part of the UK’s economic strength, managing investments accounting for 26% of the UK’s net worth and contributing £10.4 billion in taxes.*
A vital industry
The insurance market covers a huge variety of risks, from cars and houses to ships, planes and satellites. Those working in the world’s trouble spots need kidnap and ransom cover, oil pipelines need terrorism cover and music promoters insure against the non-appearance of the leading act.
Insurance is increasingly necessary: events ranging from the school sports day to the Olympic Games could not take place without it. It has a global reach and not only underpins our own individual security but also enables big businesses to operate more freely.
Events such as floods, theft and fire can affect an individual too. Anyone with valued items, such as jewellery, a laptop or the general contents of their house may also require insurance. Individuals may also want to take out insurance to cover their health so that if they become ill, or die, there is a financial safety net for themselves or their family, along with retirement planning for when they get to an age when they will no longer be working.
Whether you want to work for a major international firm or a regional specialist, there are opportunities for you to build a rewarding career. Find out about the salaries you could potentially earn as an insurance professional.
Insurance offers hard-working graduates a challenging, long-term career. It offers the opportunity to achieve valuable professional qualifications and play an influential role in one of the UK’s most significant industries.
About Insurance Claims
As we know, we reside in a constantly changing nation; our federal governments frequently introduce new laws which mean businesses can act in a more entrepreneurial manner in order to reduce the number of people out of work. While this will be beneficial for our country's development, we will not be immune to unpredictable conditions which can negatively impact our growth like natural disasters, mishaps, economic crises, robbery or burglaries.