Careers in Insurance and Risk Management, 2009 Edition by WetFeet

By WetFeet

Coverage is probably not the glitziest round, however it abounds in activity probabilities. if you'd like in at the undefined, you wish this advisor. In it, you are going to learn: * the place possibilities are and the way to utilize them* developments within the undefined* What coverage staff do and the way the texture approximately it* the way to release your occupation* and extra!

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M. Meet with the product-development team to discuss rolling out a variation of one of our products. m. Check emails and respond to a request from sales, asking us to get demographic information of current customers. That means more programming and generating a quick report in Excel to summarize the information. m. Study for the next actuarial exam. Back to the practice problems from yesterday. m. Board the bus home. If I’m lucky enough to get a seat, I’ll bust out my flash cards and study some more.

I’ll talk to one of my staff to see what kind of offer we can make to seal the deal. m. Lunch with one of our bread-and-butter at a glance Take a call from the parent of one my son’s classmates. He says he saw me at practice and has a question about his car insurance. It pays to be out and about. m. Call the office and tell them to be ready to roll out the red carpet for a new client tomorrow. Turns out there was more to his insurance question than cars. m. Watch TV. My cell phone is always on, so customers can reach me at any time.

In addition, compensation varies on the basis of the type of job you do. For instance, actuaries start at a higher salary than claims representatives and agents—but keep in mind that agents are typically paid on commission. Their annual salaries will fluctuate depending on performance. In addition to base salaries, many firms offer bonuses or salary increases on the basis of exams passed and certifications received. Bonuses tend to be small (less than 10 percent of total salary), but many insurance companies are expanding their incentive plans.

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