Wednesday, 5 November 2008
Administrator Jobs in Insurance
Administrator jobs in the insurance industry require one to work for forty hours in a week. The forty hours are divided equivalently in the five day working period. Senior insurance administrator jobs may require one to put more than forty hours in a week. Some other jobs in the insurance industry are very demanding and may need one to work irregularly, for example people working at call centers. Call centers operate for twenty four hours daily all week. Some employees are doing part time jobs because of this. An insurance administrator working in an office may sometimes be required to get out of office to inspect certain claims. Administrator jobs might be demanding, sometimes with clients making inquiries or who need certain issues to be solved for them that might be overwhelming. Job MarketPrimary insurance carriers provide a majority of the jobs. They employ a larger percentage of insurance employees. Other complimentary insurance service providers normally don’t employ several workers. They are small organizations that need few individuals to run. Industry OccupationsAdministrator jobs form a majority of employment opportunities in insurance organizations. Insurance administrator jobs require educational knowledge in the insurance industry. Several employees in the insurance companies offer office support services. A lot of the employees are involved in clerical work. Insurance administrator jobs in the insurance industry are essential. These are the people who make contact with the customers thus they know their needs and wants. The insurance industry normally employs professionals who are college graduates. Some of them have specific degrees in insurance while others are graduates in the liberal arts. Insurance companies employ liberal arts graduates because they are cheaper to maintain. The arts graduates are, however, sent to the companies’ professional training colleges for further studies. The insurance industry is projected to grow in the future. Job opportunities however will not be available because of the adoption of technology. Other sectors of the job environment might, however, have job openings. These are the financial services sector brought about by mergers and acquisitions. Other segments of the insurance business are expected to grow in the future. Health services and medical insurance services are expected to grow. A major segment of the current population is expected to invest in this segment of insurance. The population is growing at a steady rate. A population growth translates into a wider market for insurance companies. Most people will be buying vehicles, and they will need insurance covers for these vehicles. The population is nowadays more aware of other insurance products making them very marketable. Products such as liability insurance are being taken up by several people as they seek to protect their properties against potential loss. Internet services are becoming increasingly accessible to a majority of the population. This is expected to erode the customer base for sales agents. Fewer will be needed by the insurance companies in the future. ConclusionInsurance companies are major employers of personnel. However, due to changes in technology the growth in employment opportunities at insurance companies is expected to be very slow. Sales agents in future will be required to sell more than one insurance product because of competition from banks and other organizations offering financial services. The pay package in the insurance industry is relatively low compared to the other sectors of the economy. The high demand for insurance products has made other arms of the insurance industry, such as the call centers to operate for twenty four hours. This has generated part time jobs for those who would like to work in insurance organizations.
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