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A report out today takes an optimistic view of the future of the insurance industry. Traditionally sitting at the less glamorous end of the financial services spectrum, insurance companies have remained stable through the credit crunch whilst other city institutions have been in disarray. So what are the prospects for employment in insurance, and is it an area for job seekers with a financial background to target?

The report, commissioned by the Chancellor, argues that insurance companies should take ovcer many of the social security activities currently performed by government. This might include the administration and payment of benefits and pensions. Without going into the merits or otherwise of the proposal, it is clear that if accepted, this will be a tremendous fillip for the insurance industry, and is likely to result in the creation of many jobs.

At Career Energy we have seen many people over the past year or so who have lost jobs in the financial service ssector. Although it is clear that many city institutions have recovered more strongly than was expected, and there are report of salaries rapidly returning to pre-recession levels, finance remains a difficult sector in which to find employment, with a growing number of people looking for jobs.

Of course, insurance is not banking, nor capital management, and not every finance professional will be qualified to move into it. But as a sector which already employs over 300,000 people, it is already one of the most successful areas of business and one which appears to have a bright future. If you are looking for a job in finance, it is well worth adding insurance companies to your research list.

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Tags: Career Advice, Career Energy, career management, Career Planning, careers, Finance Jobs, Insurance, Insurance Jobs, job hunting, Job Searching, Job Seekinbg, job seeking, jobs, Moss report

This entry was posted on Monday, July 27th, 2009 at 5:00 am and is filed under Career Advice, Career Change, Career Consultant, Career Energy, Career Planning, Getting A New Job, Uncategorized, unemployment . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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