In February, the NH Insurance Department along with several insurance professional groups promoted the Insurance Industry as a career choice. According to Fran DeCinto, Director of Planning and Personnel at the NH Insurance Department, referred to the job outlook for careers in the insurance industry as “fantastic.”
“By 2020, the industry will create more than 400,000 job opportunities as a result of Baby Boomers retiring,” she said. “Some of the trends in the Insurance Industry include the increase in autonomous vehicles, companies such as Uber, Lyft and AirBNB, and drones. These are all areas that are complex and exciting from an insurance point of view.”
As for what she hopes resulted from Insurance Careers Month in February, she cited the understanding that there is substantially more to the insurance industry than “just selling insurance.”
“There are opportunities for students interested in accounting, marketing, IT, HR and the legal field to name just a few,” she said. “Students should consider a career in insurance because it is a very stable field, it can be very lucrative, and it is ever-changing.”
According to the NH Insurance department, potential careers in the industry include, but are not restricted to the following: Underwriting, Information Technology, Claims, Actuary, Marketing , Sales, Loss Control, Financial Analyst, Attorney, Paralegal, and Human Resources.
For teachers who have an interest in talking about insurance as a possible career option to their students, she suggested they visit https://www.insuremypath.org/resources/industry-tools. She said the website provides a curriculum for teachers to embed insurance into their own teaching.
As for one of the main reasons for why they promote the industry so heavily for an entire month, DeCinto cited a talent shortage in New Hampshire. “It’s due to our aging population and the fact that many of the younger generation are leaving the state,” she said. “There are more jobs than people and that is specifically true in the insurance industry.”
With those factors in mind, she said a career in the Insurance Industry could be quite lucrative.
“Many insurance companies, agencies and insurance regulators are willing to hire college graduates with no experience,” she added.
To learn more about the NH Insurance Department, click the following links.