Companies Hiring for Remote Insurance Jobs

Although the COVID pandemic put a huge dent in profits and revenues in 2020 and 2021, the insurance industry continues to grow at a rapid pace. According to a Deloitte study, the insurance industry is worth a whopping $1.2 trillion and continues to expand with globalization. Furthermore, alternative forms of insurance and disruptors catered to the Millennial generation and Gen Z continue to bring in revenues with revolutionary technology, telematics, and other features. So if you have an interest in joining this growing industry in a virtual capacity, now is the time to consider remote insurance jobs as your next career step.

Everything You Need to Know About Remote Insurance Jobs

The Bureau of Labor Statistics (BLS) estimates that the insurance industry is somewhat volatile in terms of job growth based on individual job types. For example, the BLS projected employment for insurance sales agents to grow by 7% over the next 10 years. Conversely, job growth for insurance underwriters and insurance claims adjusters is expected to decrease by 2% to 3% over the next 10 years. As a result, you should take careful consideration to determine which remote insurance job you want to pursue. Some options include:

Each of these different positions requires different skill sets, education, and backgrounds. So before you gravitate toward a particular position, make sure you’re choosing the right career path to suit your tastes and talents.

Education Required

Because of the wide array of remote insurance jobs, no single path can propel you to employment. However, many insurance jobs require a minimum of a bachelor’s degree with a notable exception of an insurance sales agent. In most cases, a sales agent only requires a high school diploma, and the employer will offer the necessary on-the-job training.

For management positions, actuarial jobs, and career advancement, a master’s degree is advisable. Which master’s program you pursue is again entirely dependent on what type of career you want within the insurance industry.

Skills Needed

Both hard skills and soft skills are necessary for many remote insurance jobs. But the type of skills you need will vary based upon your job role and job description. In a more general sense, you should build these soft skills to make yourself a more attractive applicant for the remote insurance job of your choice.

Certifications

Although certifications aren’t absolutely necessary for remote insurance jobs, some credentials will put you on the corporate fast-track. In addition, many insurance jobs require licensing from the state. (Don’t stress too much about this; most employers will pay for the training and licensing you need to remain in the insurance industry.) Some of the top, industry-recognized certifications you can pursue include:

Salary Information

Most of the salaries in the insurance industry are based upon the level of education and experience you need to secure employment. Because of this, salaries vary greatly depending on your particular area of expertise. Some of the most popular jobs and their accompanying salary information are:

Common Remote Insurance Job Titles

Because of the vast number of jobs within the insurance industry, you will undoubtedly come across dozens or even hundreds of different job titles. Understanding what each job does and the roles and responsibilities for each position will help you narrow your search and come across the job you’ve been searching for. Here are some common remote insurance job titles:

Companies Hiring for Remote Insurance Jobs

The insurance industry is a global business. As a result, you can find job opportunities with small, medium, and large businesses. Whether you love working with small teams or within the ranks of some of the world’s largest corporations, here are some companies hiring for remote insurance jobs.

Allstate Insurance Company

Founded in 1931, Allstate Insurance Company is a Fortune 500 insurance group headquartered in Northbrook, Ill. The company currently has nearly 50,000 employees and revenues totaling $45 billion. In addition, the company has been recognized by Forbes as one of the best companies to work for. It’s also been dubbed as one of the country’s most admired companies.

Lemonade Insurance Agency

Lemonade Insurance Agency is a publicly-held indemnity and insurance company geared toward Millennials and Gen Z. Using easy-to-use apps and technology, Lemonade has attained revenue of $94 million annually and 70% of its client base is age 35 or under. In 2021, Lemonade was voted by Zippia as the 23rd best company to work for in the United States.

MetLife

With 90 million customers in over 60 countries, MetLife is one of the world’s largest providers of insurance, annuities, and employee benefit programs. The company earned over $67 billion in 2020 and has 60,000 employees. It’s also at the top of many lists for best places to work, including 22 consecutive years on Working Mother’s 100 Best Companies list.

Help Others Stay Protected With Help From Virtual Vocations

If you love helping people and helping them stay protected, remote insurance jobs are the career you’ve been searching for. But even if you have your resume, cover letter, and application in order, a bit of extra help doesn’t hurt. That’s when Virtual Vocations can help.

Sign up for either the free or premium membership to search thousands of remote insurance jobs and other positions, as well as enjoy perks such as Career Services, the Virtual Vocations Career Center, and more.

What area of insurance have you chosen as a career path? Have you just entered the field or been there before? Connect with Virtual Vocations on Facebook, Twitter, LinkedIn, Instagram, and YouTube to share your thoughts and tips. We’d love to hear from you!