Public Administration has a lot of different applications, and the insurance industry is one private sector option for those in the field. The industry works closely with laws and regulations that surround insurance, so being familiar with the government and how it works is an important part of the job. The job itself, though, typically doesn’t require any specific educational background, but the kind of know-how and leadership that Public Administration brings to the job is a good way to keep the business on track.
Different Areas of the Industry
Insurance affects nearly every aspect of our life. Every time you get in the car or go to the doctor for a checkup, insurance is involved. So there are many different paths you can take in this industry: Health, Car, Home, Life, Renters, and the list goes on. The wide variety of experience you can get in this field makes for an exciting and always changing job. Some companies do more than one kind of insurance, too, so even within one position you have the opportunity to move around and keep things interesting.
Even though one of the great parts about the industry is its diversity, you can also settle into one kind of insurance and become and expert on it. After trying your hand at a few different kinds, zeroing in on one is also possible. These specializations can be anything from cyber liability, directors and officers insurance (for corporations, not-for-profits and other groups), to sports and entertainment insurance.
What it Takes
Because there are so many different options in the field, it takes someone who is organized and detail oriented to take on this varied tasks. You would also likely be working directly with customers, so good communication skills are important to make sure everyone is on the same page. Insurance is a big part of people’s lives, so making sure every aspect is right is essential. Every day on the job and every customer is different, so being adaptable and quick on your feet also helps make this position work well. Problem solving is another skills that is essential to work with regulations and laws governing insurance, and mixing those with each individual’s case takes focus and strategy.
Approaches potential clients by utilizing mailings and phone solicitation; making presentations to groups at company-sponsored gatherings; speaking publicly to community groups on the subject of financial well-being.
Determines clients’ particular needs and financial situations by scheduling fact-finding appointments
Develops a protection plan by calculating and quoting rates for immediate coverage action and long-term strategy implementation.
Obtains approval by completing application for coverage.
Completes coverage by delivering policy; planning future follow-up visits and evaluations of needs.
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.