10 Highest Paying Insurance Jobs to Consider

10 Highest Paying Insurance Jobs to Consider

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We used the latest data and insights to identify the highest paying insurance jobs so that you can learn and earn more.

If you’re looking for an insurance career, there are several factors you should consider before making your decision.

You’ll want to look at the available opportunities and see which ones best fit your interests, skills, and qualifications. 

But one thing is certain: if you want to make the most money possible, then you should consider one of these high-paying insurance jobs!

We’ve compiled a list of some of the highest-paying insurance jobs, so when you’re ready to take the next step in your career, these are the positions we recommend.

🚀Pro Tips: Today, we need more than just a great school or company name on the CV. You need to be able to sell it on paper as well as in interviews.
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📝Free resume review services: JobScan, ZipJob, or Resumable.

#10. Final Expense Agent

How much do they get paid?

  • Source: Glassdoor
  • Low Range: $34,000 per year
  • High Range: $88,000 per year
  • Median Pay: $54,346 per year
Highest Paying Insurance Jobs : Credits: Pixabay
Credits: Pixabay

What do they do?

Final expense agents are responsible for helping people plan their funerals and handle their costs. These agents provide information about funeral homes, burial plots, caskets, and other final expenses related to a person’s death. They also assist families with making arrangements after someone has passed away.

What degrees and skills are usually required?

These agents typically have a background in insurance and are knowledgeable about the funeral industry. In addition to the educational requirements, most states require final expense agents to pass a test and obtain a license.

Who’s hiring for this job?

Final expense agents work for various companies, including funeral homes and insurance agencies. They often work in-office and have regular hours, although they may be required to travel occasionally.

What is the best way to get this job?

The best way to get this job is to contact a company that sells final expense plans. They will typically have an application process, which may include providing basic information about yourself and your education. You may also need to take a test or attend an interview.

What is it like to be a final expense agent?

#9. Claims Adjuster

How much do they get paid?

  • Source: Glassdoor
  • Low Range: $36,000 per year
  • High Range: $85,000 per year
  • Median Pay: $55,046 per year
Highest Paying Insurance Jobs : Credits: Unsplash
Credits: Unsplash

What do they do?

A claims adjuster is an insurance professional who investigates and evaluates damage to property or vehicles. They determine how much an insurance company should pay to cover their clients’ losses.

What degrees and skills are usually required?

This job requires one to have a strong understanding of the insurance industry, including how policies work and the types of coverage available. 

Therefore, employers will usually prefer to hire candidates with a degree in insurance or another related field. You can also get this job with a high school degree and relevant experience.

Who’s hiring for this job?

Claims adjusters work for insurance companies, law firms, and government agencies.

What is the best way to get this job?

If you want to be a claims adjuster, then you should get an education. You can get an associate’s degree in insurance or another related field. 

A bachelor’s degree in business administration with a focus on insurance, accounting, or finance is also a good idea. This will give you the knowledge and skills needed to succeed in this position.

What is it like to be a claims adjuster?

#8. Insurance Underwriters

How much do they get paid?

  • Source: Payscale
  • Low Range: $43,000 per year
  • High Range: $85,000 per year
  • Median Pay: $59,790 per year
Highest Paying Insurance Jobs : Credits: Unsplash
Credits: Unsplash

What do they do?

An insurance underwriter is responsible for evaluating the risk of insuring a person or property. Underwriters also price insurance policies, manage claims, and act as intermediaries between insurance companies and policyholders.

What degrees and skills are usually required?

According to the US Bureau of Labor Statistics, this job requires a bachelor’s degree in finance, accounting, or a related field. You can also become an insurance underwriter with just two years of experience in an insurance office doing insurance-related work.

Who’s hiring for this job?

Job opportunities for this position are available in many industries, including life insurance, casualty insurance, and medical insurance

What is the best way to get this job?

One way to get this job is to apply directly to an insurance company or a company that provides insurance services. You can also find jobs on websites like Indeed and CareerBuilder.

Should you become an insurance underwriter?

#7. Reinsurance Analyst

How much do they get paid?

  • Source: Comparably
  • Low Range: $37,880 per year
  • High Range: $94,190 per year
  • Median Pay: $62,980 per year
Highest Paying Insurance Jobs : Credits: Pixabay
Credits: Pixabay

What do they do?

Reinsurance is a type of insurance that protects insurance companies against risk. A reinsurer is a company that offers this protection to other insurers. 

Reinsurance analysts help assess the risks of both businesses and individuals to determine whether an insurance company can pay out on a claim in the event of any number of possibilities, including death, illness, accident, or natural disaster.

What degrees and skills are usually required?

These analysts must be highly analytical and have strong communication skills. They are not just accountants but also business managers who can lead others through complex processes. Like a risk management analyst, a professional in this field typically has a bachelor’s degree in accounting, insurance, or finance.

Who’s hiring for this job?

These job opportunities are available in many settings, including insurance companies, financial institutions, and government agencies.

What is the best way to get this job?

The best way to get this job is by earning an undergraduate degree in accounting or finance. Then apply for internships at insurance companies and financial institutions. 

You can also seek out opportunities within government agencies, which often have positions for those trained in accounting, finance, and insurance.

What is it like to be a reinsurance analyst?

#6. Claims Consultant

How much do they get paid?

  • Source: ZipRecruiter
  • Low Range: $32,000 per year
  • High Range: $125,500 per year
  • Median Pay: $72,924 per year
Highest Paying Insurance Jobs : Credits: Pixabay
Credits: Pixabay

What do they do?

Claims consultants work for insurance companies, investigating claims and helping to determine if the customer is eligible for reimbursement. They may also answer questions about the insurance policy and coverage details.

What degrees and skills are usually required?

This job requires a lot of research, patience, and attention to detail. Most claims consultants have at least a bachelor’s degree in a relevant field, such as business administration or insurance. The job may require additional training and certification.

Who’s hiring for this job?

Claims consultants work for insurance companies and other businesses that deal with insurance claims.

What is the best way to get this job?

After graduating, you may be able to find a job as a claims consultant by contacting insurance companies directly. You can also look for jobs at staffing agencies, which often have jobs available in this field.

What is it like to be a claims consultant?

#5. Insurance Sales Agents

How much do they get paid?

  • Source: Glassdoor
  • Low Range: $47,000 per year
  • High Range: $130,000 per year
  • Median Pay: $77,948 per year
Highest Paying Insurance Jobs : Credits: Pixabay
Credits: Pixabay

What do they do?

Insurance sales agents sell a variety of types of insurance, including homeowners, auto, and life insurance. These types of agents work for an insurance company and earn commissions based on their sales.

What degrees and skills are usually required?

These sales representatives typically hold a bachelor’s degree in business or a related field, such as marketing. However, you may also be able to get a job as an insurance sales agent with just a high school diploma and some experience in the field.

Who’s hiring for this job?

Insurance sales agents work for insurance agencies, selling insurance products to individuals and businesses.

What is the best way to get this job?

The most effective way to get a job as an insurance agent is by completing an insurance sales training course. The best programs will include both classroom instruction and field experience so you can learn how to sell policies from licensed professionals in the insurance sector.

You might also want to consider taking classes in sales or marketing at a community college or university if you don’t already have a degree in one of these areas.

What is it like to be an insurance sales agent?

#4. Insurance Appraiser

How much do they get paid?

  • Source: Glassdoor
  • Low Range: $53,000 per year
  • High Range: $160,000 per year
  • Median Pay: $90,579 per year
Highest Paying Insurance Jobs : Credits: Unsplash
Credits: Unsplash

What do they do?

An insurance appraiser is a professional who examines damaged or stolen property and determines its value. They work with insurance companies to determine how much money policyholders should receive when they file claims.

What degrees and skills are usually required?

According to Zippia, 48% of these insurance professionals hold a bachelor’s degree. The areas of study may include business, insurance, automotive technology, and finance. Some insurance appraisers have advanced degrees in this field.

Who’s hiring for this job?

Insurance appraisers work for private companies, insurance agencies, and government agencies. They may also be self-employed.

What is the best way to get this job?

The best way to get this job is to complete a training program that prepares you for it. You can enroll in an associate’s degree program or a bachelor’s degree program insurance appraisal-related course. 

These programs will help you learn the skills necessary for this career and prepare you for an apprenticeship or internship with an insurance agency.

How do you become an insurance appraiser?

#3. Insurance Lawyer

How much do they get paid?

  • Source: Salary.com
  • Low Range: $65,991 per year
  • High Range: $119,403 per year
  • Median Pay: $91,885 per year
Highest Paying Insurance Jobs : Credits: Unsplash
Credits: Unsplash

What do they do?

An insurance lawyer is an attorney specializing in insurance’s legal aspects. They represent clients who have had their claims denied or are in dispute with insurance companies over payments.

What degrees and skills are usually required?

This job requires a strong knowledge of the insurance industry and legal precedent. They must be able to handle all aspects of their cases, including client communication, research, and negotiations. Therefore, insurance lawyers have a law degree and a practice license.

Who’s hiring for this job?

Insurance lawyers work for law firms and insurance companies but can also be self-employed.

What is the best way to get this job?

You can get a job as an insurance lawyer by getting a law degree from an accredited university. You will also need to get licensed by the state where you want to practice. After that, it’s all about networking and marketing yourself.

What is it like to be an insurance lawyer?

#2. Insurance Manager

How much do they get paid?

  • Source: Glassdoor
  • Low Range: $59,000 per year
  • High Range: $153,000 per year
  • Median Pay: $94,093 per year
Highest Paying Insurance Jobs : Credits: Pixabay
Credits: Pixabay

What do they do?

An insurance manager is a person who manages an insurance company, including sales, operations, and accounting departments. They oversee all aspects of the company, including writing policies and establishing a strategy for how to sell them.

What degrees and skills are usually required?

The job requires a bachelor’s degree in business administration or a related field of study. Some companies may require that you have at least five years of industry experience before they consider hiring you for this position. A financial analyst can also get into this field after taking the recommended certifications.

Who’s hiring for this job?

You can find insurance management positions in a wide range of industries, including health care, travel and tourism, construction, financial services, and real estate.

What is the best way to get this job?

To become an insurance manager, you must have a bachelor’s degree in business administration or a related field. You should also have experience working in the industry you want to work for. Therefore, you should try to find an internship or job in a related field.

You should also consider applying for entry-level positions in the insurance industry. Then, work your way up from there.

What is it like to be an insurance manager?

#1. Life Insurance Actuary

How much do they get paid?

  • Source: ZipRecruiter
  • Low Range: $26,000 per year
  • High Range: $202,000 per year
  • Median Pay: $134,898 per year
Highest Paying Insurance Jobs : Credits: Unsplash
Credits: Unsplash

What do they do?

Life insurance actuaries are professionals who deal with the mathematical aspects of life insurance. They help determine rates, calculate premiums, and generally manage the financial side of life insurance policies.

What degrees and skills are usually required?

Most entry-level positions in this field require a bachelor’s degree in mathematics or actuarial science. However, a master’s degree is typically necessary to advance in the field. The US Bureau of Labor Statistics also states that life insurance actuaries need licensure to get into these well-paying positions.

Who’s hiring for this job?

Life insurance actuaries work for companies like life insurance companies, banks, and other financial institutions. They calculate the premiums policyholders pay and determine how much money they’ll receive when they die.

What is the best way to get this job?

The best way to get this insurance job is to earn a bachelor’s degree from an accredited institution, preferably in mathematics or actuarial science. After obtaining your degree, you can seek entry-level jobs as a life insurance actuary.

You can also take certification exams to prove your knowledge of the field and make yourself more marketable.

What is the role of an actuary in a life insurance company?

Conclusion

It’s no surprise that the insurance business is booming, whether you’re talking about life insurance or car insurance. But it can be hard to get into—so much so that some people think it’s impossible.

But we are here to tell you that it’s not. All you have to do is start by making sure you have a good degree and then work your way up from there.

We hope this post helped you understand more about the best-paying insurance jobs and how to get them. If you have any questions, feel free to ask.

🚀Pro Tips: Today, we need more than just a great school or company name on the CV. You need to be able to sell it on paper as well as in interviews.
– 🤖AI writing tools: Academic researchers trust Trinka, while entrepreneurial ones prefer Jasper
📝Free resume review services: JobScan, ZipJob, or Resumable.

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Author
Joannah W.
Joannah has been a science publisher with close to 20 years of experience. She wants to help students and researchers stay ahead of the trends and developments in the science community by making science more accessible to everyone.

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