slides from career institute
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Career Institute
August 9-11, 2010
Columbus, Ohio
INFORM+INSPIRE
The Griffith Insurance Education Foundation
Griffith Insurance Education Foundation
Presented by the Katie School of Insurance
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Griffith Career Institute Goals
Network and Gain Ideas for Communicating Careers to High School Students
Gain Understanding of Career Opportunities That Exist in Insurance Industry
Gain Career Information Resources to Take Back to School and Use
The Griffith Insurance Education Foundation
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Who is in the audience with you?
Survey Shared Challenges Shared Solutions
The Griffith Insurance Education Foundation
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Employment Facts About the Insurance Industry in Ohio
The Griffith Insurance Education Foundation
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The Griffith Insurance Education Foundation
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Job Availability and Advancement Potential in RMI
High exposure to aging workforce & retirees (See graph below) Workers 55+ have increased 74% in Insurance and Risk
Management in the past 10 years compared to a 45% increase in overall workforce
By 2018, the projected number of workers nearing retirement in industry will be 25%
04/08/2023 The Griffith Insurance Education Foundation
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Category 1: Jobs Unique to Insurance
Actuarial Sciences Claims Risk Management Underwriting Reinsurance Insurance Agent and Broker Personal Financial Planner
The Griffith Insurance Education Foundation
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The Griffith Insurance Education Foundation
1. Biologist 2. Actuary 3. Financial planner 4. Computer-systems analyst 5. Accountant 6. Software engineer 7. Meteorologist 8. Paralegal assistant 9. Statistician 10.Astronomer
* Ranks 250 occupations on the basis of six key criteria: environment, income, employment outlook, physical demands, security, and stress.
U.S News and World Report: The Ten Best Jobs*
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Comparative Competitive Wages
The Griffith Insurance Education Foundation
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Comparative Competitive Wages
The Griffith Insurance Education Foundation
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Comparative Competitive Wages
The Griffith Insurance Education Foundation
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Opportunities for Professional Designations & Advancement
04/08/2023 The Griffith Insurance Education Foundation
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Category 2: “General” Jobs Working in Insurance Industry
IT/Systems Finance/Accounting Legal Marketing Communications Training and Development
The Griffith Insurance Education Foundation
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Insurance Industry SectorsHealth Insurers Top 10
Life Insurers Top 10 Property/Casualty Top 10
1. United Health Group
1. Metropolitan Group 1. State Farm Group
2. Wellpoint 2. AIG 2. AIG
3. Kaiser Foundation Grp
3. Prudential 3. Zurich Insurance Group
4. Aetna 4. ING 4. Allstate Insurance Grp
5. Humana 5. Aegon 5. Liberty Mutual Ins. Grp
6. HCSC Group 6. John Hancock Group 6. Travelers Ins. Group
7. American Family Grp
7. New York Life Group 7. Berkshire Hathaway
8. Highmark Group 8. Principal 8. Nationwide
9. Coventry Group 9. Hartford Fire and Casualty
9. Progressive
10. Blue Cross Group
10. Lincoln National 10. Hartford Fire and Cas.
Total Premiums for 2008
Total Premiums for 2008
Total Premiums for 2008
Top 10: $286.6 Billion
Top 10 Group: $332.4Billion
Top 10 Group: $241.6 B
$2 Trillion Spent on health care (Public 45% and Private 34%)
Source: Insurance Information Institute III.org
04/08/2023The Griffith Insurance Education Foundation
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Property/Casualty Insurance Sector
Personal LinesExamples
Commercial LinesExamples
Property Casualty Property CasualtyPersonal Homes
Liability at Homes
Business Buildings
Liability of businesses
Contents of home
Equipment and Inventory
Product Liability
Auto Physical Damage
Auto Liability Commercial Auto Physical Damage
Commercial Auto Liability
Workers Compensation
Professional Liability
The Griffith Insurance Education Foundation
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The Griffith Insurance Education Foundation
1 Building & contents – Property coverage 2 Business interruption – Gross earnings 3 Business interruption – Extra expense 4 Business interruption – Loss of rents 5 Contingent business interruption – Supplier 6 Contingent business interruption – Recipient 7 Contingent business interruption – Leader 8 Plate glass coverage 9 Aircraft hull10 Aircraft liability11 Workers compensation12 Automobile insurance – Comprehensive13 General liability14 Umbrella15 Catastrophe reinsurance16 Finite risk insurance17 Fine arts floater – Inland Marine18 Jewelry floater – Inland Marine19 Group life20 Individual life21 Group health22 Individual health23 Short term disability24 Long term disability25 Homeowners insurance – Unscheduled property26 Clash insurance27 Boiler & Machinery physical damage28 Loss of power29 Transmission and distribution lines30 Event cancellation31 Retrocessional coverage
Numerous Insurance Products
The adjacent list shows the types of insurance coverages paid for resulting from the World Trade Center Loss
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Why Insurance Industry May Appeal to Gen Y
The Griffith Insurance Education Foundation
2010 McKinsey Survey of RMI alumni 83% agree that industry offers good work/life
balance as well as a flexible working environment 93% believe industry professionals provide
intellectual challenges 93% agree that industry provides significant value
to society
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James R. Jones, CPCU
Director – Katie School of Insurance
(309) 438-7754
INFORM+INSPIRE
The Griffith Insurance Education Foundation
Questions About Careers in Insurance or Griffith Insurance Education Foundation?
Jason Terrell
Director – Insurance Education Institutes
(614) 880-9870