Here’s The Biggest Reasons Why You Should Consider a Career in Insurance

OK – let’s be real. The “insurance industry,” to many, may sound rather dull. And if you haven’t given it a thought, or if you haven’t heard otherwise from family or friends, you’d probably assume as much. But we’re here to tell you otherwise. Insurance is virtually everywhere and it’s constantly evolving, making it an exciting and rewarding career!

Insurance has been around in some form or another for hundreds of years, but as the world around us changes, so does the way we perform risk management. Talent is in increasingly high demand, and so the opportunities are endless for taking on an exciting career in insurance! Here are some reasons why to consider taking a career in insurance, and why Excalibur Insurance might be a great fit for you.

Insurance offers opportunities for career advancement.

Approximately 50% of the insurance workforce is projected to retire by the year 2028, opening up solid opportunity for employment and career advancement opportunities for post graduates and younger workers. Given that there’s very little public knowhow about the benefits of an insurance career, there’s minimal interest as well.

Younger workers will quickly discover that with one foot in the door, they’ll be able to find a huge variety of educational and career opportunities to match their unique interests. They might begin in one field, and quickly discover they have a knack or interest in another. Many insurance companies – like Excalibur – will support you as you find a job best suited to your skillset.

Insurance offers stability.

Insurance is one industry that likely isn’t going anywhere – not for a long time. And while there’s AI creeping up into virtually every industry, the AI that the insurance industry uses is here to help support us and rework how we underwrite risk – not replace our expert brokers. Insurance has been around for centuries, and so long as people need houses, run businesses, need medical care, and drive cars, insurance will be here to stay.

Even during recessions, insurance tends to be more stable than other fields. Regardless of the current economy, everyone still needs protection from risk.

As such, you can enjoy greater job stability than you would in other industries with an insurance company or independent agency.

The community in insurance is supportive.

Insurance, from the beginning, has always been about looking after other people. When you work in insurance, you have the opportunity to make a positive impact on the lives of those in your community. You’ll also be teamed with some of the most supportive people around, since we also care about protecting people and helping them get back to normal – whatever their normal is!

Just think about it: insurance folk must deal with the news of incredible losses every day, from homes being burned down to businesses being broken into, etc. It takes a certain kind of person to take a stand and help limit the losses of their community members and reduce the impact on their daily lives. By taking a career in insurance, these will be the people you’ll surround yourself with every day!

You can give back to your community through insurance.

Insurance is all about community. Nowadays, finding a job is not just about finding something that pays the bills – but something that really makes you feel like you’re making a difference. Insurance is a job that keeps giving. At its core, insurance is about protecting people. Insurance can help to pay for rebuild costs if a home burns down, help compensate workers if they’re injured at a job, and more. Insurance is sharing risk, so no one has to brunt a tremendous loss all on their own.

Many insurance companies are also very engaged in their communities and partake in plenty of charitable efforts. As an organization, Excalibur helps kids attend summer camps and also gives generously to many community organizations. We work hard for our clients!

You’ll learn to develop a broad skillset.

One of the best things about a career in insurance is the broad skillset you’ll quickly develop. The insurance industry virtually touches on every single field and there are numerous career paths to choose from. Most insurance companies prioritize workers who have skills in technology, organization, research, communication, problem-solving, etc.

And, of course, the industry is always evolving – the same way that customer needs are. There’s been an increased intrigue in talent who have a deeper understanding of digital marketing, cyber communication, and even social media. Insurance is so much more than just a sales job!

Becoming a Defender of Honour

If you’re considering a career in insurance, Excalibur is actively recruiting dedicated talent!

Excalibur considers itself a “make you smile” kind of team. With multiple organizations to promote the lives of those in our communities and means to honour our frontline heroes, our team exists solely to champion the success of others. If you want to be part of something that strives every day to give back, check out our talent recruitment page.