The Property Casualty Insurers With the Highest Paying Jobs

Any job in the insurance industry can be lucrative, but not all of them are created equal in terms of compensation. The salary you make as an insurance agent depends on the carrier you work for and your individual success within that organization, but some companies pay their agents better than others.

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Insurance Broker $66,000
Insurance brokers act as middlemen between customers and insurance companies. They usually work for independent brokerages and deal with clients on a one-on-one basis, providing advice about products and services and helping them to compare different policies from different insurers. Brokers are also responsible for submitting insurance claims to carriers and handling customer complaints. The Bureau of Labor Statistics reports that approximately 33 percent of all insurance agents are self-employed. The average annual salary for an insurance agent is $66,000; however, salaries vary depending on whether you’re working at an agency or in self-employment.

Business Analyst – Insurance $64,000

A business analyst is someone who analyzes and studies a particular organization or company to help improve performance in various aspects of that organization. A business analyst could be with a major insurance company, making sure that claims are processed efficiently, or with an individual insurance agent, helping him run his business more smoothly. If you have good analytical skills, are detail-oriented and enjoy problem solving, then becoming a business analyst could be just what you’re looking for. Business analysts typically need at least a bachelor’s degree in finance, management or another related field. However, many companies will hire candidates with an associate degree as well if they have relevant experience and/or industry certifications. The Bureau of Labor Statistics estimates that job growth for business analysts will increase by about 20 percent through 2020, which is much faster than average. Median pay was $64,000 per year as of May 2011.

Claim Examiner $56,000
The title of claim examiner can vary by insurance company, but generally speaking, it’s a job that involves investigating losses and calculating insurance payouts. Claim examiners must be analytical and have a great deal of experience in property/casualty claims. They also need to have good customer service skills and an eye for detail. Since claim examiners spend their days combing through accident reports, medical bills, and countless other documents, property casualty insurers with strong data-management systems tend to be big hiring players. A large portion of claim examiners are employed by just five companies: Allstate, State Farm, Nationwide Mutual Insurance Company, Farmers Insurance Group of Companies and Liberty Mutual Group.

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