"Many students feel the only opportunity in an insurance company is working as an agent," says Teresa Poppe, talent management manager at State Farm Insurance in Bloomington, Illinois. On-the-job training and insurance industry courses and training programs are provided for people in this job and are needed for employment. GreatInsuranceJobs.com aims to understand how companies and job seekers alike are coping with rising unemployment in the insurance sector. These estimates do not take account of the impact of COVID-19. https://www.bls.gov/ooh/sales/insurance-sales-agents.htm#tab-6, http://www.money.usnews.com/careers/best-jobs/insurance-agent, Employer Purchasing and Company Specific Courses, Georgia Adjuster & Public Adjuster Pre-License, Total insurance sales agent jobs are projected to grow by 11%, Total jobs for related occupations are projected to grow by 7%, The median annual salary for an insurance agent was $48,210 in 2013, That same year, the best-paid 10% of insurance agents earned more than $117,830, The lowest-paid 10% earned less than $26,030, Experience in industrial and financial services, A prior understanding of insurance industry terminology and regulations. Job Outlook Employment of insurance sales agents is projected to grow 5 percent from 2019 to 2029, faster than the average for all occupations. If you are looking for more information about the profession, you are in the right place. Good luck! Many employers have new agents shadow an experienced agent. According to the BLS, the following skills will be in particularly high demand in the insurance industry for applicants: or anyone who wants to take advantage of the continued health of the insurance industry and find a lucrative career as an insurance agent, learning the terminology and becoming licensed is the first step. The best-paid 25 percent made $77,930 that year, while the lowest-paid 25 percent made $36,040. As insurance firms adapt to maturing markets and economic turbulence, in the long run, their ability to integrate technology, talent, and business-model innovation into legacy environments may be the key to success. – The AP Team. Insurance agents will still be needed to interact with customers and provide a human face after the purchase of insurance has been made, which means that while some insurance agents might find themselves less involved with the initial sales process, the demands of the industry will lead to their jobs being modified rather than eliminated entirely. As far as the insurance industry is concerned, however, there’s no reason for most insurance agents to start regretting spending all that time taking exams studying to become an insurance agent. This product works especially well for aging consumers looking to fill gaps in their coverage. Are you considering a career in the insurance industry? on this topic. If you're thinking of becoming licensed, Call potential clients to drive new business, Meet with potential clients to discuss their existing coverage and insurance needs, Analyze clients’ current insurance plans and suggest changes/additions. The amount of commission varies on the type and amount of insurance sold, and whether it is a renewal or new policy. Sign up now to receive the reports. We kind focus on “Test World” so you might want to search out some other “Real World” opinions. You also have to pass prelicensing exams. Insurance sales agents learn many of their job duties on the job from other agents. Hi my name is sargon tamras and need become insurance agent I am looking into nearest location in Schaumburg Illinois if there is and agent so I can take courses by the staff and what cost in order to move forward. $1,768 Weekly Pay. The overall job outlook for Insurance Sales Agent careers has been positive since 2004. Although slower-than-average employment growth is expected among insurance agents through 2012, opportunities for agents will be favorable for persons with the right qualifications and skills. We apologize for any inconvenience this may cause. For more information on becoming an insurance agent, visit our. You also have to pass prelicensing exams. Roughly one-fifth of agents log over 40 hours per week.Agents, especially those who work independently or on a self-employed basis, can set their own work hours. Thank you. This is higher than other sales and related occupations, which are expected to grow by 7… Insurance agents sell one or more types of insurance for insurance companies. The industry provides many job opportunities for those with the right qualifications and skills. Employment of insurance sales agents is projected to grow 10 percent from 2018 to 2028, faster than the average for all occupations. The agent/broker sector added 11,200 jobs January 2019 … Generally, insurance agents are employed by an insurance company or through an insurance brokerage. This is higher than other sales and related occupations, which are expected to grow by 7%. According to the Bureau of Labor Statistics Occupational Outlook Handbook, employment of insurance sales agent is expected to increase by 10% from 2012 to 2022. Insurance Broker: Job Duties, Career Outlook and Educational Requirements. Independent Insurance Agent (Current Employee) - san antonio tx - March 9, 2015 I am an agent and when I was an independent agent the Golden outlook team was a huge supporter of their field agents. However, agents will still be needed to help clients understand their options and choose a policy that is right for them. ... insurance agents have a good payment and employment outlook. This practice allows the new agent to learn how to conduct the company’s business and to understand how the agency interacts with clients. Hello Sargon, I’m sorry but I don’t have any recommendations for Illinois but usually it isn’t going to be staff giving a course although they usually have a process. 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