Insurance Carriers
This industry group comprises establishments primarily engaged in underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies and investing premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance carriers are establishments that are primarily engaged in initially underwriting and assuming the risk of annuities and insurance policies. Reinsurance carriers are establishments that are primarily engaged in assuming all or part of the risk associated with an existing insurance policy (or set of policies) originally underwritten by another insurance carrier. Industries are defined in terms of the type of risk being insured against, such as death, loss of employment because of age or disability, and/or property damage. Contributions and premiums are set on the basis of actuarial calculations of probable payouts based on risk factors from experience tables and expected investment returns on reserves.
Top Careers in this Sector
Business and Financial Operations Occupations
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Office and Administrative Support Occupations
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Business Operations Specialists
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Computer and Mathematical Occupations
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Management Occupations
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Information and Record Clerks
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Claims Adjusters, Appraisers, Examiners, and Investigators
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Claims Adjusters, Examiners, and Investigators
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Computer Occupations
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Customer Service Representatives
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Customer Service Representatives
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Financial Specialists
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Other Office and Administrative Support Workers
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Sales and Related Occupations
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Sales Representatives, Services
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Financial Analysts and Advisors
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Insurance Claims and Policy Processing Clerks
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Insurance Claims and Policy Processing Clerks
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Insurance Sales Agents
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Insurance Sales Agents
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Industry Snapshot
Avg Salary
$87,750
Growth Rate
+2.70%
Active Roles
431