Insurance is shielding yourself from risk, if there’s something bad that could happen, paying insurance will protect you from losing money if it occurs. This can be insurance against illness or insuring a theme park attraction against accidents. Some forms of insurance are mandatory, such as car insurance. The core jobs in insurance involve calculating the risk of a bad event occurring and the likely cost of it, so that the insurance plan can be priced accurately.
There are approximately 23,452 people working in the insurance industry in Ireland, including Financial analysts, Actuaries, Insurance brokers and Underwriters. Most occupational groups in this sector are growing at a rate above the national average. Shortages are reported in sourcing financial analysts and insurance underwriters in the National Skills Bulletin 2019
There are many types of insurance, covering individuals and organisations against loss, theft or injury.
Insurance is all about preparing for risk, this could be the risk of theft, or against the costs involved in a car accident or health crisis.
Actuarial Science is the application of statistical methods to the study of risk, as a result one of the sectors that actuaries play a role in is Insurance.
The breadth of the insurance sector means that there is likely a role that suits your interests and many opportunities for personnel development.
If you want to know more about working in the in the sector, hear what the experts have to say.