Quote:
Originally Posted by Unregistered
socially awkward insurance agents
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Contrary to popular belief, there are actually many other jobs in the insurance industry other than just insurance agents.
Insurance agents are usually part of an agency and their jobs are to generate sales.
There are however many other jobs just like any other company in an insurer or insurance company.
Just like any products that get sold, there are people making them even if said products are intangible.
All these products need people to come up with; from the Product Management team to the Actuaries/Pricing/Capital Management teams to the Legal, Claims, Underwriting, Policy Servicing, New Business, Distribution Ops teams, Project Management, IT teams etc.
Then, there is also the day-to-day running of a company that the HR, training, Finance, logistics teams etc have to deal with.
Apart from Insurance company as an industry, there are also reinsurance firms which cover insurers from potential financial/cash flow issues by covering part of the losses (in the form of payouts to customers) via arrangements called reinsurance treaties. Essentially, reinsurance is insurance for insurance companies. That is what companies like Swiss Re, Munich Re, RGA, Lloyds, etc deal with.
So, there is actually a lot more to insurance careers than just insurance agents.