I’m a career insurance worker. (14+ years and counting). There are endless possibilities in the field and I’ve really only been in two places (started in Halifax and moved to Calgary).
Underwriting quite simply you evaluate a specific risk (personal home, auto, personal medical for life, commercial businesses in all sectors, directors and officers, surety/contractual obligations, etc)
Broking - similar to the above - except you are managing clients directly and guiding/advising them on who to best place a client’s insurance with a particular underwriter.
Adjuster - handling loss/claim situations (ie the Calgary hail storm we had a few weeks ago). They are the first people to get the client’s call after a loss (the broker could also be called first). Adjusters can work for insurance companies (alongside underwriters) or they can be independent 3rd parties.
Bottom line: you have a great field to be entering. The day to day can certainly vary between the different roles but it can also be quite similar depending on the exact role that you might be working.
There is also the risk management field which can focus specifically on the insurance / balance sheet protection for large companies. This would put you on the client side or purchasing side although this side of this business is somewhat limited.
My suggestion would be to check out a career fair (we host a few industry ones throughout the year exception of Covid) and apply for summer positions or part-time to see if you might be interested in a particular job type.
Hope this helps and all the best in your education and career.
James recommends the following next steps:
- Career Fair
- Apply for Part-Time
- Reach out to me or others to discuss