Derek Siewert - The Different Types of Insurance Careers You Could Get Into

If you are looking to start a new career than you might be interested to know that the insurance industry can offer you a broad spectrum of career opportunities. If you have a strong background in math and great people skills than pursuing a job as an insurance service representative or an underwriter may just be the path you want to take. Though these positions usually require a college degree and some even require an insurance license both of which are fairly easily obtained if you have the drive to succeed.

There are generally 5 different fields that you may want to pursue as an insurance career, the first that will be talked about is agents and brokers. Agents or brokers may also be known as insurance producers who offer their clients insurance products and keep their policies up to date.

Derek Siewert says They will usually solicit business over the telephone or web but may also have offices where possible clients may walk in to obtain a new policy. A producer must be licensed to perform their duties and sell and service insurance policies.

Another insurance based career you may want to pursue is an underwriter. Once a producer has taken an application from a prospective client they send the completed application to an underwriter. The underwriter will then review the application to ensure that the applicant is eligible for insurance from the company. They may then approve the application, contact the agent and ask for more information pertaining to the client or decline the application if the prospect is ineligible.

The next career to be explained when looking for a job in insurance is actuaries. Actuaries determine what the premiums of an insurance policy will be, they analyze statistics and determine what the probability of a claim being received will be. They may also keep track of the company's cash reserves to make sure there is enough cash on hand to pay out any future claims. Actuaries will also help write the actual policy and provisions. The average annual salary of an actuary may vary widely and range from $55,798 to $97,028 based on what the actuary is handling for the company.

Derek Siewert says a career path that you may be interested in is a claims adjuster. A claims adjuster is the person who will assess any claims and decide what the proper amount of money to be paid out is. As an example if a client is involved in a auto accident the claims adjuster will examine your vehicle and assess the damage done to the vehicle and give the client the necessary amount of money for the repairs.

The fifth and final insurance career that will be discussed is the service representative. If a client ever has a question or problem with their policy they may call the insurance companies headquarters, these clients will usually deal with a service representative. A service representative will answer a clients question about billing or make general changes to a client's policy, such as adding a driver or changing your address. In some cases a representative is required to hold a valid insurance license. The average pay scale for a service representative is $32,328 annually.

So now that you know the different types of careers you can get into with an insurance job it may make it easier to decide if this is a field you want to get into. You may need to get some extra schooling or obtain your insurance license but if the field of insurance interests you it will not be that big of a deal to take the time to obtain either one of these simple pieces of paper.

Derek Siewert - The Fourth Pillar of Financial Success

See most people think that you can just put up a shingle and poof business will come. But it's just not that simple. So if you think that's the way it's going to work then you should just close up shop now. The strategy is all about figuring out how you are going to reach your goals. Not throwing a dart into the dark and hoping to hit the mark; actually sitting down and figuring out what steps needed to be taken, what marketing strategy needs to be in place. For me, this is the part of my business I enjoy the most - whether it's for my company or my clients. I get excited about coming up with a plan and seeing the results of it actually working.

When developing your strategy, you need to sit down and figure out the who, what, when, where, why and how.

Who within your company will take the lead on each strategy?

Derek Siewert is responsible to make sure that everything that is planned is actually completed. They are also responsible for the timeline and ensuring that everyone adheres to it and stays on track.

What strategies need to be in place for marketing and sales and what is needed to make those campaigns successful. This involves establishing the methods by which you will bring in leads. It is also about knowing what pricing strategies will generate the revenue needed to maintain the business and keep it afloat.

When your tasks need to be done - you know the timeline. And when you need to make course corrections. You need to run the analytics that will let you know if your strategy is working or if it needs to be tweaked or scrapped altogether.

Where these strategies fit into your business model in reference to growth and sustainability.

This is about ensuring that the Derek Siewert strategy are designing is in line with your planned goals. Making sure it makes sense for the type of business you are running. Remember everything is not for everybody.

Why it is necessary to implement these strategies now and why it is important to you, as the company leader, to achieve them. You need to understand the importance and urgency of each strategy and prioritize them accordingly.

How each strategy affects the entire company and how it plays to your core beliefs. This is about ensuring that the strategy you are designing is in line with your company mission and vision.