Insurance falls into two main categories, health/life insurance, and property/casualty insurance. Property insurance is to cover damages or loss of property such as homes, vehicles, jewelry, computers, and other hardware goods.
Casualty insurance is coverage for legal expenses resulting from bodily injury or property damage to someone else. From here, there are two types of property and casualty insurance: personal and commercial.
Commercial insurance is bought by businesses, hospitals, governments and schools to protect them from losses that are caused by crime, fire, or other acts that damage property that are covered by the insurance policy.
The job market for property and casualty is an ever-evolving market. With the advent of technology and the internet, property and casualty insurance agents can process more applications in less time. Also, with the advent of all this new technology, the need for property and casualty insurance on both personal and commercial levels is ever increasing.
The job categories in the property and casualty insurance industry are those of agents, claim adjustors, underwriters, appraisers and investigators.
Agents are the go-to people that help individuals and businesses choose insurance that is right for their needs. Claims adjustors, examiners, and investigators work directly for the insurance company with which a claim has been submitted.
They determine if coverage is provided in the event of damage or loss. Adjustors also plan the work needed to recoup the damages that were done to property or person. Underwriters establish premiums and write the policies, which will cover the person or business and asses the risk of loss of each client. Claims investigators are called in when there is suspicion of criminal activity and insurance fraud.
The property and casualty insurance industry flows with the waves of trends and cycles of the world around it. Major catastrophic events, such as Hurricanes and the terrorist attack on September 11, cause a shock wave to be sent into the property and loss insurance industry.
Property insurance rates in "hurricane alley" are significantly higher than property insurance rates in areas that do not have hurricane activity. Likewise, property and casualty insurance in a state that endures frequent earthquakes is higher than states where no continuous or normal perils are likely to occur.
Personal insurance is to protect people and their property, usually homes and vehicles from loss and damage.
The insurance industry is booming. As a direct result, a lot of property insurance jobs have been opened for the new college graduate. So what are the significant points that you need to know in order to land that property insurance jobs?
For property insurance jobs, a high school education is sufficient. However, if you want to get a step ahead of the others, a college diploma might be your best chance to get those property insurance jobs. Most insurance companies prefer to hire college graduates to fill up their property insurance job positions.
The second thing you need to keep in mind if you want property insurance jobs is to understand how employment rates in the insurance industry vary. For example, property insurance jobs as an adjustment clerk might be on the rise since businesses want to emphasize the establishment of good relations with their customers.
On the other hand, because of the reform in welfare legislation, the property insurance job as a welfare eligibility clerk might be waning.
A property insurance job involves a wide range of functions. But whether you get a property insurance job as an adjuster, an investigator, or a collector, the most important role you will be playing is an intermediary for the public.
Below are a few job sites that are currently posting property insurance jobs.
CareerMag.com - Property Insurance Job Posting
CareerMag is currently posting a property insurance job vacancy at USAA. The property insurance job opening requires only a high school diploma. If you apply for this property insurance job, you will be based in San Antonio, Texas. The salary for this property insurance job is open for negotiation.
Nature of this property insurance job. The property insurance job as a Property Insurance Claims Examiner requires considerable skills in investigation, evaluation, and assessment.
Since this property insurance job involves evaluating and assessing the eligibility of insurance claims filed, you will need to have exhaustive knowledge of all the terms and facts of the USAA policies.
Aside from the Property Insurance Claims Examiner, CareerMag also has another property insurance job posting open.
The property insurance job is as Property Field Adjuster for USAA. This property insurance job requires a higher education minimum than the first one - 4-year college degree. With this property insurance job, you will be based in San Diego, California.
Nature of this property insurance job. The property insurance job as a Property Field Adjuster involves direct contact since you will serve as a field customer contact representative.
In this property insurance job, you will be investigating, evaluating, and resolving property claims. With that in mind, this property insurance job therefore requires extensive knowledge on the terms and conditions of USAA policy contracts.
ExecutivesOnly.com
Another online job site listing is ExecutivesOnly.The current property insurance job posting at ExecutivesOnly is a position at a company based in Connecticut. This property insurance job is full-time.
The compensation for this property insurance job is $90,000 - quite high since it is basically an executive position. This property insurance job is for an accounting position. In order to apply for this property insurance job, you must have very strong background in P&C back office structures and accounting.
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