Business Insurance Online Program
Some states require you to get licensed before you start selling insurance. Earning an Insurance degree from an accredited online college or university helps you to pass state licensing examinations. Types of online insurance degrees available to you include a Bachelor of Insurance, Bachelor of Insurance and Risk Management and a Master of Business Administration with a concentration in Insurance. You can also earn certificates and degrees in Insurance Billing and Coding. These degrees prepare you to succeed at administrative roles in the insurance industry.
Core courses associated with Insurance online degrees include:
- Insurance Marketing
- Health Insurance
- Insurance Administration
- Introduction to Risk and Insurance
- Life Insurance
- Health Insurance
- Commercial Property Risk Management and Insurance
- Financial Planning
- Management and Organizational Behavior
- Principles of Marketing
You may spend most of your time working in an office. However, depending on your employer and the specific job you fill you might be required to travel and meet with clients to review life insurance plans, property damage or to discuss financial planning options with clients.
Skills You Will Gain in a Business Insurance Online Program
A prerequisite to getting a license includes completing postsecondary training. The training prepares you to pass insurance sales licensing examinations like the Series 6 or Series 7 licensing examinations. Series 6 and Series 7 licensing examinations are administered by the Financial Industry Regulatory Authority (FINRA). You must take these examinations in addition to any state required examinations.
Additional skills you gain when you complete Insurance online programs include accounting, financial management and financial planning skills. You will also gain customer service, communications and project management skills. Furthermore, and depending on the emphasis of the Insurance online program you enroll in you can work with and sale homeowners, life, property, casualty, medical malpractice or workers compensation insurance. Types of employers you can work for after you earn your online degree are automobile insurance companies, state insurance departments, real estate agencies and major corporations.
Future Employment Outlook for Business Insurance Online Programs
According to the United States Department of Labor’s Bureau of Labor Statistics (BLS) approximately 2.3 million people worked in the insurance industry in 2008. From 2008 through 2018, insurance jobs are expected to grow by approximately 3 percent. Jobs in other occupations are expected to grow by 11 percent over the same time period.
Median hourly wages insurance underwriters earned as of May 2008 were $27.31. Claims adjusters, examiners and adjusters earned $26.81. Insurance sales agents took home $21.84 an hour as of May 2008. Organizations like the American Institute for Chartered Property Casualty Underwriters and the Casualty Actuarial Society offer networking and ongoing training programs that you can take advantage of. You can also participate in organization sponsored events to stay abreast of industry changes and new job opportunities.
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