Blog
7 Reasons To Consider a Career as an Insurance Adjuster during a Recession
- August 22, 2022
- Posted by: April Hilbert
- Category: Adjuster Licensing Best Practices career planning Claims Adjuster Claims Management Goals Insurance Adjuster
Does the current economy and predictions of a pending recession have you questioning your job security or considering career changes?
Technology and automation are increasingly eliminating jobs. The pandemic changed the landscape of various industries, eliminating some positions and creating new ones. If you are feeling tossed around by the waves of change and the ups and downs of the economy and you are looking to jump into a boat that can handle the waves, the insurance industry deserves your attention. The world of insurance has stood the test of time. Here are seven reasons to consider pursuing a career as an Insurance Adjuster:
- Recession Proof. Wherever risk exists, there is a need for protection, and that doesn’t change during a recession. Storms will come, natural disasters will occur, people will still get hurt on the job or in car accidents. While no profession is 100 percent guaranteed recession-proof, being an insurance adjuster definitely comes with high job security. People and businesses always need insurance, and many times it’s required by law. No matter what is going on in the world, people still drive cars, own homes and businesses, and need medical care. Insurance adjusters are in demand anytime an accident or natural disaster occurs.
- Opportunity for Advancement. With so many levels and niche areas of expertise within the insurance world, there are constant opportunities for advancement. The US Bureau of Labor and Statistics and AARP project that 50% of the insurance workforce will retire by 2028. This creates enormous promotion potential for those entering the field today. More people retiring equals more job security.
- Easy Of Entry. Most positions in the insurance industry don’t require degrees, but do need licensing. If you’re looking to get to work sooner than later, becoming an insurance adjuster takes less time than you may think. For instance, in two of the country’s large states, Florida and Texas, you can earn a license entirely online after about 40 hours of coursework. You can learn all you need to know about insurance online: The most common insurance policies, what it means to be an adjuster, the basic tenets and activities of adjusting, and preparation for the licensing exam. You can learn more about how to become an insurance adjuster at AE21. https://ae21.com/adjuster-licensing/
- Benefits. Most insurance companies offer excellent benefits packages including ample vacation time, medical and dental plans, 401ks and pensions, and discounts on home and auto insurance.
- Helping People. With the current state of things, it’s easy to feel disconnected from humanity. Working as an insurance adjuster will bring you satisfaction of serving your community and the people in it. You’ll help people rebuild their lives after tragedy or catastrophe. You’ll make sure they get the assistance they need and deserve. The variety of claims won’t be boring, but mostly, you’ll feel good knowing you helped someone who needed it.
- Location. Over the last couple years, many people moved away from big cities or to more affordable communities. With rising housing costs many are choosing to move to places with lower cost of living. Insurance exists anywhere there are people or property, which means you can essentially live anywhere you want and still have a thriving career. Many states also offer reciprocal licensing, making it easier to travel or move while maintaining your career.
- Flexibility. Maybe you are juggling kids at home or need flexibility for other reasons. Working as an insurance adjuster, you often can choose a non-traditional schedule that works around your needs.
Becoming an Insurance Adjuster may not be a path that has crossed your mind before, but it’s definitely not an opportunity to ignore. A stable career can be the boat that sails you through the unpredictable waves of a recession. If you’d like to know more about how to become an insurance adjuster, check out AE21.