Posted by on Apr 8, 2015 in Finance & Insurance | 0 questions

For a lot of people, the idea of a career in insurance might sound incredibly dull. But if you have the right skills, it can be exciting and lucrative. If you want to go into insurance, you need to be analytical and technical for many roles, often with a good head for numbers and excellent interpersonal skills.

You might be required to pass exams or gain an official certification for some jobs. These show that you’re a professional who has all the right knowledge and experience to practice.

If you’re interested in a career in insurance, make sure you work on these vital skills in order to succeed and progress through the industry.

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Analytical Skills

Anyone working in the insurance sector needs to have excellent analytical skills and an aptitude for numbers to do their job. They will need to work out the cost of an insurance policy or evaluate a customer’s claim in order to come up with a quote and a final price to give to them.

Whether they work for a home insurance company or a business insurance provider such as Insure Fleet, they make decisions based on the data that is available. For example, an insurance salesperson needs to analyze financial data to work out the best policy for their customer.

Organization

Being organized is essential for any career, but it’s especially important for anyone working with files and documents in an office.

Insurance professionals need to be able to keep track of dates, ranging from when it’s time for someone’s policy to be renewed to when they need to attend a meeting. They need to be able to keep clients’ files organized, especially because they often contain sensitive information that it would be unfortunate to lose.

Customer Service and Communication

Although insurance professionals might spend a lot of time working on a computer at a desk, they also need to deal with customers. Even when not talking to clients, they need to coordinate and collaborate with colleagues and business partners. Interpersonal skills and excellent customer service are necessary to talk to people in person.

You will also communicate over the phone and through email and instant messaging. Anyone working in insurance need to be able to work with a variety of people, from customers and colleagues to policyholders. Customers need to be able to trust their recommendations, which means they need to be personable and relatable.

Technical Skills

If you want to work in insurance, you also need to be prepared to get technical. Many of the analytical skills needed are used with computer software and mathematical calculations. Some of the math you will need includes algebra, statistics and calculus.

As well as numbers, you might need other computer software, such as customer management programs to manage your customers’ files. You may split your time between speaking to customers and working on a computer.

Working as an insurance professional can be a satisfying career, where you get to talk to a variety of people. If you enjoy using technical and analytical skills, as well as communicating with others, you might find that the insurance world is for you.