Opportunites

• Obtaining employment in the insurance industry can expose you to a variety of opportunities in specialized insurance career paths. Insurance companies employ sales agents, customer service representatives, managers and administrative staff. An insurance company may also offer training to allow you to pursue other industry career paths, such as underwriting and actuarial science. If you plan to pursue an education in law, you may also take advantage of career opportunities with an insurance company's legal division.
  
  

Economic Stability

• Although insurance companies are not immune to economic fluctuations, they are typically more stable than companies in other industries such as retail sales, manufacturing and consumer lending. Consumers need auto, health, home and life insurance regardless of the economic climate, and will typically choose to maintain insurance even when they cut back on other expenses. Purchases of some types of insurance, such as auto and home insurance, are also driven by legal or lender requirements, making these purchases compulsory for consumers.
  
  

Unpredictable Income

• Some types of insurance employment, particularly sales, may pose the disadvantage of unpredictable income. Sales agents typically work on commission rather than hourly or salaried wages, so their incomes depend on their ability to attract clients, close sales and retain customers. As a sales agent, your income also partially depends on the insurance company's pricing decisions -- if the company decides to lower rates, the resulting decrease in premiums per customer may affect your commissions. If the company raises rates, some customers may switch insurance companies, which can lower your commissions on renewal premiums.
  
  

Negative Public Perception

• Insurance companies, as well as the professionals they employ, are commonly the objects of public mistrust. Insurance agents and adjusters are particularly susceptible to negative public perception. The negative attitude of the public toward the insurance industry can take a toll on your morale and enthusiasm for your career path.