Insurance Sales Agent Job Outlook
Prior sales experience in any industry is helpful but not required.
Insurance sales agent job outlook. Demand for insurance sales agents is expected to go up with an expected 168 070 new jobs filled by 2018. The overall job outlook for insurance sales agent careers has been positive since 2004. Vacancies for this career have increased by 11 54 percent nationwide in that time with an average growth of 1 92 percent per year. The median annual wage for insurance sales agents was 50 940 in may 2019.
To get right to the point the job outlook for people working in the insurance industry is good. Breaking the numbers down further. From 13 800 in 2014 to 10 200 in 2019. The number of people working as insurance agents in their main job fell over 5 years.
The australian jobs market is changing in response to the covid 19 pandemic. Every state requires insurance agents to be licensed they need separate licenses to sell life and health. Employment of insurance sales agents is projected to grow 10 percent from 2018 to 2028 faster than the average for all occupations. Many clients do their own research and purchase insurance online.
The duties and skills of insurance agents highlight the customer service and relationship building aspects of this job description. Agents advise clients on the coverage they need and locate insurers willing to provide it. Employment outlook for insurance sales agents. Because the profitability of insurance companies depends on a steady stream of new customers the demand for insurance sales agents is expected to continue.
Job outlook for insurance agents according to the bureau of labor statistics occupational outlook handbook employment of insurance sales agent is expected to increase by 10 from 2012 to 2022. Selling insurance constitutes one facet of the insurance agent job description. This is higher than other sales and related occupations which are expected to grow by 7. These estimates do not take account of the impact of covid 19.
Employment of insurance sales agents is projected to grow 10 percent from 2016 to 2026 faster than the average for all occupations. Employers prefer to hire insurance agents who have college degrees particularly in business or economics they might consider hiring a high school graduate who has proven sales ability. Total insurance sales agent jobs are projected to grow by 11.