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Associates Degree in Insurance Claims

Insurance Degree Programs

Insurance is an extensive field with many different specialties and careers available such as automobile, health, commercial property, commercial liability, and personal property insurance. There are a number of licenses that are available that qualify individuals as insurance sales agents. Every sales agent involved in the insurance industry must have a state-issued license. License requirements vary by state but require insurance-related coursework and passing a number of exams prior to certification. Agents are often hired right out of college; many are hired by insurance companies as customer service representatives and are later promoted to sales agent.

For insurance sales agent jobs, many companies and independent agencies prefer to hire college graduates, especially those who have majored in business, finance, or economics. High school graduates may be hired if they have a proven ability in sales, or have been successful in other types of work. There are associates degree programs as well in insurance the curriculum generally contains the following courses:

  • Ethics in insurance
  • Casualty risk assessment and insurance
  • Legal insurance issues
  • Personal risk assessment
  • Personal property liability issues
  • Accounting
  • Employee benefit determination
  • Insurance and financial planning..

The primary fields of study for an Insurance Associates Degree involve Underwriting and Risk Management. Insurance degree programs also focus on risk assessment, law, ethics, and insurance agency management. For degree programs, the prerequisites include a High School Diploma or GED and SAT's. Many Institutions prefer students to have an associate's degree in business or a related field prior to beginning a bachelor's degree program.

Careers in Insurance and Outlook

Students graduating from an insurance bachelor's degree program can expect to find employment in the following areas: Actuarial services, Insurance claims, Risk assessment, Underwriting, and Insurance sales, for example. As of today, there where approximately 434,000 Insurance sales agents employed in the U.S. Half work for Insurance brokerages and agencies, and 22% were self-employed. An equal number work for Insurance carriers directly. There is also employment at banks and securities brokerages as well. Total employment for all insurance sectors was over 2 million! With a well-established career, as well as having a degree Insurance sales agents can easily expect to advance to higher levels in the field such as actuarial, management and others. Employment is expected to grow at slightly above the employment average with 12% or better growth over the next 10 years. You can find top college scholarships to help you pay for your insurance degree.

Insurance Industry

The total value of the US Insurance industry was just over $1.2 trillion. Globally the industry grew by 6% and U.S. Growth is projected to be generally equal to the global growth. While this may not be as "fiery" as other industries and sectors, the sheer volume of growth and the size of the market is a strong indicator of the value and security of the industry and its corresponding value to you and your career future combined.