What is the Insurance Industry, really? 

The insurance industry exists to protect people and corporations from financial loss. Policyholders pay insurers a comparatively small fee throughout the year with the assurance that they will be protected from a much larger financial burden if an illness, accident or injury occurs. 

While there are many different types of insurance, each one is all about mitigating risk, which makes your military experience and its focus on safety and security incredibly valuable. Read more about how your skills translate below. 


Skills Translation

Veterans like you have excellent opportunities to start careers in the Insurance industry due to proven leadership skills, work ethic and the ability to stay calm under pressure. Because you have the military hardwiring to succeed in insurance, you can earn industry-specific qualifications quickly at a variety of educational institutions, including community colleges, technical colleges, traditional universities and job training centers. 

For example, The American College of Financial Services program provides students with the education and skills to launch careers as insurance underwriters and the Disabled Veterans Insurance Careers organization works with the VA to place disabled Veterans into successful careers in the industry.

Employers are ready to help you translate your unique skills to a career and help you find the best transition resources available. Click "Leaders" button view Industry leading employers. 


Featured Careers in the Insurance Industry

Scroll below to learn more about just a few of the career paths the Insurance industry provides to veterans, members of the Guard and Reserve, transitioning service members and military families. Click on each job title for more details.

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ACTUARY I
$60,092 - $75,830

Actuaries use data, trends and other information analysis to make accurate estimates about the probabilities of accidents, illnesses, deaths, and natural disasters. Because actuaries deal with complex calculations and statistics, they must have strong backgrounds in mathematics.                                         

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CLAIMS ADJUSTER I
$40,006 - $50,864

Insurance claims adjusters investigate accident, illness and property damage claims to determine whether clients’ insurance policies cover their expenses. Adjusters are often required to perform investigative work on certain claims to verify the damage wasn’t caused intentionally and wasn’t reported fraudulently.

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ENROLLMENT REPRESENTATIVE
$32,579 - $43,048

Enrollment representatives review insurance applications for accuracy and completeness and enters data into an automated system. May review and enter updates and/or corrections to insureds' records. May respond to and resolve insurance enrollment and/or update inquiries.

 
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Insurance Sales Agent$45,297 -  $63,139

Sells insurance products to new and existing customers. Approaches clients by phone and mail, assesses client needs, and makes recommendations. Develops protection plan, calculates and quotes rates, and obtains underwriting approval. Delivers policy, assesses needs on a regular bases, and makes changes to the policy as needed. Performs work under general supervision.

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UNDERWRITING MANAGER
$62,000

Insurance underwriting managers lead teams that evaluate potential clients’ personal and business data to determine the level of insurance they should receive. Underwriters also use risk analysis to calculate the likelihood that specific clients will need insurance coverage during the life of their plans.