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
13-0000
Office and Administrative Support Occupations
43-0000
Business Operations Specialists
13-1000
Computer and Mathematical Occupations
15-0000
Management Occupations
11-0000
Information and Record Clerks
43-4000
Claims Adjusters, Appraisers, Examiners, and Investigators
13-1030
Claims Adjusters, Examiners, and Investigators
13-1031
Computer Occupations
15-1200
Customer Service Representatives
43-4050
Customer Service Representatives
43-4051
Financial Specialists
13-2000
Other Office and Administrative Support Workers
43-9000
Sales and Related Occupations
41-0000
Sales Representatives, Services
41-3000
Financial Analysts and Advisors
13-2050
Insurance Claims and Policy Processing Clerks
43-9040
Insurance Claims and Policy Processing Clerks
43-9041
Insurance Sales Agents
41-3020
Insurance Sales Agents
41-3021
Industry Snapshot
Avg Salary
$87,750
Growth Rate
+2.70%
Active Roles
431