Are Insurance Adjusters In Demand?
An insurance adjuster, also known as a claims adjuster, is someone who processes claims filed with insurance companies, either from insureds or claimants.
Insurance adjusters are in demand in any economy since claims remain steady regardless of economic factors.
In catastrophe situations (e.g. after a Hurricane) the huge volume of claims causes a massive increase in the demand for adjusters. During these spikes, a good adjuster can earn more in a few months than he or she would normally earn in an entire year. But you have to be ready to go at the drop of a hat and be prepared to work in an extremely challenging environment.
In many industries, you can be out of work in the blink of an eye when an economic recession hits like we are seeing today with COVID-19. Just look at what happened to home inspectors, appraisers, real estate agents, and contractors when the housing bubble popped in 2007.
That’s not the case when it comes to a career in insurance adjusting. Insurance is a necessity in today’s society. Individuals rely on it, businesses rely on it, and banks and lending institutions absolutely require it.
It’s no secret losses occur regardless of economic conditions, and the country needs insurance adjusters to adjust these losses every month of the year. Hurricanes can hit at the same time as a recession. Kitchen fires are unconcerned about economic shifts. Auto accidents occur as sure as the sun rises. All of that means insurance is here to stay, and so are the adjusting jobs that come along with it.
The industry is rapidly evolving, and employers are struggling to fill the vacuum from a generation of adjusters who are retiring out of the industry.
Adjusters licensed through AE21’s licensing programs enjoy greater than a 98% pass rate and are capable of immediate productivity in any well run claims operation.
Want to take a deeper look at the industry to help determine if adjusting is for you?