Those with careers in reinsurance provide insurance to insurance agencies. This helps insurance agencies to issue larger policies to their clients. Reinsurance employment is available in many areas.
While it may be true that there is significant downsizing in the industry, reinsurance jobs often become available as older workers retire, change industries or otherwise stop working. With a bit of experience, you could be in a prime position to gain steady employment.
If you are interested in reinsurance careers, you should know:
1. Most companies prefer to hire someone that has a college degree. While a degree may not be specifically required for a job in reinsurance, it will certainly help, especially if you are applying for management level positions.
2. Networking with others in the industry could help you find reinsurance employment. These people may notify you of available positions before the company places job advertisements.
3. You can easily stay up to date on current industry news by joining a professional group such as the Reassurance Association of America. Member benefits include regular meetings and training sessions.
Action Steps
The best contacts and resources to help you get it done
Start a career in reinsurance with an internship
An internship can help you learn the skills necessary for full-time reinsurance employment. Whether your ultimate career goal is to have reinsurance consulting jobs or reinsurance regulatory compliance jobs, an internship is a great way to start.
I recommend: The
Intermediaries and Reinsurance Underwriters Association offers a summer internship for college students. You may also want to consider an internship with
Guy Carpenter & Company.
Use a reinsurance employment agency to find the best positions
A professional recruiter has connections to reinsurance companies that can help you to get the job. They take the guesswork out of applying for jobs in reinsurance by only sending you to interview for positions that you are qualified for.
I recommend: Platzer Recruiting offers reinsurance industry jobs in the Connecticut area.
The Regent Group can also help you find positions, particularly those at the executive level.
Look for careers in reinsurance abroad to experience the world
Some of the biggest reinsurance companies are not in the United States. This offers a perfect opportunity for reinsurance agents who want to try living in a foreign country.
I recommend: The
Munchener Ruck Munich Re Group offers a variety of positions located in Germany. If Switzerland is more your style, check out the positions at the headquarters of
Swiss Re. They also have positions located throughout the world.
Tips & Tactics
Helpful advice for making the most of this Guide
- If you find that you're not getting as many callbacks as you like after sending out your resume for reinsurance jobs, have a professional resume writer give you some pointers for structuring your resume in a way that will get you the job. Sometimes just a few changes can make all the difference in the world.
The official source of Reinsurance Jobs is the Reinsurance Jobs page at Business.com
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