20 Best Paying Jobs In Property-Casualty Insurers In 2024

20 Best Paying Jobs In Property-Casualty Insurers – In the event of a car accident, a fire, or a theft, the insured can turn to the representatives of a company that specializes in property-casualty insurance to help cover the resultant financial losses.

Plans sold by property-casualty insurance agents protect consumers and businesses against financial loss due to perils including fire, theft, automobile accidents, and other similar mishaps.

Workers’ comp, product liability, and medical malpractice are just some of the risks that are covered by commercial property-casualty policies.

Is Property-Casualty Insurers A Good Career Path?

Best Paying Jobs In Property-Casualty Insurers
Best Paying Jobs In Property-Casualty Insurers

Property -Casualty Insurers is a promising field of employment. The need for both property and casualty insurance is on the rise.

There are a lot of open roles in this massive business, and they all require different sets of skills and knowledge.

Many people find that working in this setting is a satisfying and financially rewarding career option.

Many people find that working in this setting is a satisfying and financially rewarding career option.

Requirement For Property-Casualty Insurers

A bachelor’s degree may increase career prospects for insurance sales agents, although a high school diploma is the minimum educational need.

Public speaking classes are a great way for salespeople to enhance their skills, and many agents have degrees in business, economics, or finance.

Salespeople with managerial aspirations should have a basic understanding of business.

Work in property-casualty insurers, the industry with the highest median salary,

Positions in this sector often pay highly due to the high demand for workers.

Just a few instances are shown below:

There are many different types of insurance agents, including landlord insurance agents, life insurance agents, property-casualty insurance producers, homeowners insurance agents, underwriters, and condo insurance agents.

Best Paying Jobs In Property-Casualty Insurers

The risk environment is actively changing due to cyber, climate change, pandemics, and intangible assets, yet the Property-Casualty Insurance sector has been averse to change in the past. Because of the need to adapt to changing market conditions, positions in the property-casualty insurers industry are in great demand and may pay well.

Homeowners Insurance Agent

Average Annual Salary: N/A

When consumers get homeowner’s insurance, it serves as a safety net in case something happens to their house or possessions. Examples of this would include arson and stealing. When it comes to protecting their customers, agents who specialize in house insurance will know all there is to know about liability protection.

Agents who sell homeowners insurance can increase their earnings by moving to a location with a higher cost of living, like San Francisco or Norwalk. The majority of your time in this position will be spent interacting with customers; thus, it is crucial that you possess excellent people skills and salesmanship.

Power Sports Insurance Agent

Average Annual Salary: N/A

Boats, snowmobiles, RVs, and travel trailers are just some of the power sports recreational equipment that may be insured by power sports insurance agents. There has to be a mental change on the part of insurance agents working in Power Sports from focusing on the necessities of the business to considering the luxuries that customers would appreciate.

Employees in the power sports industry need to be excellent communicators and have solid dealer partnerships to succeed. By working together on sales tactics and methods, power sports dealerships may increase their chances of acquiring new insurance customers.

Landlord Insurance Agent

Average Annual Salary: N/A

Agents who specialize in Landlord Insurance help those who rent out their homes or other properties. This coverage shields the landlord from financial ruin by addressing both property damage and legal liabilities. This may cover everything from the primary residence to accessory buildings and even personal possessions.

In the same way that homeowners insurance brokers may earn more money by working in more affluent cities, life insurance agents can do the same thing. You’ll also need excellent people skills and the will to follow up with customers after the sale. Newcomers to the profession may find this to be an excellent time to jump in because most landlords care about the safety of their properties and investments.

Life Insurance Agent

Average Annual Salary: $62,000

Those who sell life insurance have passed the necessary licensing exams. They may be employed by a single insurance carrier to market that carrier’s products, or they may represent many carriers as independent contractors.

Having a high degree of emotional intelligence to read and sympathize with your clients is essential in the life insurance industry, as the topic of life insurance may be sensitive for many people. Having the ability to memorize and retain information is also useful because you may be expected to know about several different items.

Search for Life Insurance Agent openings in my area.


Average Annual Salary: $59,000

A person who works as an underwriter in the insurance industry is responsible for doing risk assessments on potential policyholders and insured properties. The primary responsibility of an insurance underwriter is to determine fair premiums for all reliably insurable risks. In order to assess potential perils, underwriters frequently consult both technological and statistical resources.

Underwriters are highly compensated for their efforts, but they must always seek ways to grow their company’s customer base and bottom line. To be a successful underwriter, you need to keep your underwriting skills sharp, come up with new ideas, network with other professionals, and differentiate yourself in some manner.

Look for Underwriter employment opportunities in my area.

Insurance Entrepreneur

Average Annual Salary: N/A

A career in insurance may be quite rewarding for those who have always dreamed of being their own boss. These businesspeople are often franchise owners who serve their local community by forming alliances with independent insurance agencies.

It takes a lot of work to start a business, so make sure you’re up for the challenge. Employee and customer service, as well as financial and sales strategy, may fall under this category. These tasks are your responsibility, or you must find others to do them for you.

Property-Casualty Agent

Average Annual Salary: N/A

An insurance agent who specializes in property-casualty coverage provides policies to protect individuals and businesses from financial loss in the event of damage to their buildings, contents, vehicles, or other assets. In this position, you would interact directly with customers by consulting with them about their insurance requirements.

If you want to succeed in the field of property-casualty insurers, you need to hone your abilities in sales, customer service, organization, and attention to detail. Much of the work entails gathering data and figuring out fair prices. This means that you will be spending the vast bulk of your time at work in front of a computer.

Property & Casualty Insurance Producer

Average Annual Salary: N/A

Producers in the insurance sector include those who sell, solicit or negotiate policies on behalf of insurance companies. Therefore, any broker, reinsurance middleman, or excess lines broker might fill this position. The insurance you provide might be for whatever the customer values.

Meeting new business production goals and targets while actively pursuing new leads is mostly the purview of the producer. This position might be ideal for you if you have a background in inside sales.

7 Entry-level Jobs In Property-Casualty Insurers

Best Paying Jobs In Property-casualty Insurers

If you want to get into the insurance industry, it helps to be well-informed. You should be aware that you will be required to complete and pass a formal training course before you can begin working in this field. These necessities might vary from state to state. After you’ve completed this step, you’ll be ready to take the exam for your property and casualty insurance license.

If you pass the exams, you can get your insurance sales license at a relatively low cost. Many insurance brokers work independently, but it’s risky to go into the business without prior expertise. Think about gaining corporate experience before venturing out on your own, and look into getting a mentor if you can.

Car Insurance Agent

Average Annual Salary: N/A

Agents in this field assist customers in their search for suitable coverage to protect them financially in the event of vehicle damage or legal responsibility. When searching for auto insurance, agents assist customers in determining what they need and then locate the best policy for them. You have the option of obtaining insurance estimates from numerous providers, including the business you now work for.

Good people skills and salesmanship or customer service experience are essential in the auto insurance industry, as they are in the home and rental property insurance industries. High levels of enthusiasm and familiarity with the auto insurance market are additional assets.

Condo Insurance Agent

Average Annual Salary: N/A

We may compare the position of a condo insurance agent to those we’ve already covered. Insurance policy and service sales are their main focus. Experts in the field of condo insurance are familiar with the industry and can provide buyers with the practical advice and direction they need to make an informed decision.

In order to be successful in the condo insurance industry, it is crucial that you fully grasp and express all of the coverage choices available to your consumers. Competence in sales is a must. There are likely many condo insurance brokers from whom to choose depending on your location. If you work in an urban location, there is often significant demand for your occupation.

Renters Insurance Agent

Average Annual Salary: N/A

Renters insurance is distinct from landlord insurance since it protects the renter and their personal possessions and not the house or apartment in which they stay. Those in rental insurance give consumers protection if their personal belongings are damaged, stolen, or destroyed.

The market for renters insurance has grown in the past few years due to the uncertainty of the property market. Many folks now rent flats or homes and are searching for safety for their things. Those operating as renters insurance brokers should attempt to understand the audience and how best to market to them.

Account Manager

Average Annual Salary: $72,000

Account managers in the property and casualty insurance industry work closely with producers to promote new business and renewal submissions. In most cases, these professionals are responsible for handling all elements of new and renewal business and serving as liaisons between clients and insurance providers.

This position is a stepping stone to becoming an insurance producer and may need prior job experience, depending on the company. Along with being courteous and organized, other desirable talents include familiarity with basic software and the ability to operate in a group setting.

Do a local search for Account Manager employment.

Insurance Apprentice

Average Annual Salary: N/A

Becoming an insurance apprentice is the greatest method to start in this business. Insurance apprenticeships give industry experience, preparation for a professional license, and the workplace abilities essential to establish your career.

During your apprenticeship, you will be introduced to many insurance-related professions and will be expected to understand the fundamentals of each. It’s possible that you’ll be responsible for interacting with customers, explaining the ins and outs of various insurance products, fielding inquiries, generating quotations, and closing deals.

Personal Insurance Specialist

Average Annual Salary: N/A

Personal insurance experts deal with individuals searching for insurance to safeguard themselves and their families against loss that arises from death, accident, or loss of property. This might include things like medical fees that occur from a visitor’s harm at your house, legal expenses arising from lawsuits seeking to collect damages, and more.

To be successful in this sort of work, you’ll want to make sure you have outstanding sales abilities and an understanding of the numerous forms of insurance available to consumers. A more direct approach to the health insurance market may be made in this way.

Customer Service Representative

Average Annual Salary: $30,000

Working as a liaison between policyholders and insurers, insurance customer service agents provide an essential function. As a customer service representative, your duties will include responding to customers’ questions, concerns, and requests for information about insurance products and services.

Customer service positions may be rewarding for persons who are curious about the business world, enjoy interacting with others, and don’t mind spending much of their workdays talking on the phone.

Identify Customer Service Representative openings in my area.

How Many Jobs Are Available In Property-Casualty Insurers?

More than 2.5 million people are employed in the property and casualty insurance sector, making it one of the major industries in the United States. Annual premiums for this industry total around one trillion dollars. Claims adjuster, desktop underwriter, and actuary for property and casualty insurance are just a few of the occupations that are available in this varied industry. The following is a breakdown, by category of the employer, of the number of positions currently available in the property and casualty insurance industry:

The number of total jobs is broken out as follows:

  • Property and casualty actuary – 186,200
  • Insurance underwriter – 130,000
  • Claims adjuster – 110,000
  • Claims processor Glassman – 51,700
  • Claims processor glass woman – 28,600
  • Telecom agent – 23,400

Source: U.S. Bureau of Labor Statistics, August 2011

The property and casualty insurance offices account for 21,000 of these occupations, according to the data provided by the United States Department of Labor. These offices provide both sales and underwriting positions. The remainder is employed in other aspects of the sector, including claims processing and other fields.

How many property and casualty insurance brokers work for companies that have less than twenty staff members?

The number of total jobs is broken out as follows:

More than 19,800 property and casualty insurance businesses had less than 20 workers as of October 2011, while another 30,500 had between 20 and 100 employees and over 36,000 had between 100 and 500 employees.

Why Choose A Career In Property-Casualty Insurers?

Working in property and casualty insurance is a rewarding profession. Agents have several opportunities for advancement, as well as excellent compensation and benefits. It’s not easy work, but it can be quite rewarding if you want to make a difference in people’s lives. This article will discuss some positive aspects of this line of work.

Flexibility. To some extent, you may choose the sort of work you do inside this industry. There is a great deal of diversity in the property-casualty insurance industry, from underwriting through sales.

Financial independence. High-performing agents and salespeople in the property-casualty insurance industry can earn lucrative commissions.

Rewarding. Careers that include advising people on how to secure their homes against burglary and other risks are highly desirable. If your customers end up needing your services, they will be quite appreciative.

Entrepreneurship. After establishing a solid reputation in the industry, insurance agents often go out on their own as independent agents or as the head of a branch office for a bigger insurance firm.

Knowledge. When you work as an insurance agent, you get to learn about every sector of the economy. Gaining this information might offer you a leg up in the insurance sector or open doors to other areas.

Qualifications Requirements For A Career In Property-Casualty Insurers

The insurance sector is an excellent place to start a career for many reasons, not the least of which is that getting started won’t take you very long at all. What are the prerequisites for entering the field of property and casualty insurance?

In order to practice law in your state, you must first pass the bar test. In order to sell insurance, you are required to take and pass the state licensure test in the state in which you intend to do business. Licensing requirements, exam requirements, and pass rates all differ by state.

Put aside 35–40 hours to prepare for the Property and Casualty test. Instead of rushing for the test the week before, it’s better to spread out your preparation over a few weeks.

Prepare for the real thing by taking practice tests. There are a lot of opportunities to get familiar with the Property and Casualty Insurance Exam format through practice tests. These can be used as a barometer of your knowledge retention efforts.

Participate in a test-prep program. Getting insurance certification is a good idea before sitting for the Property and Casualty license test, even though it isn’t required in all jurisdictions.

Fill out all the necessary paperwork and send it to the state insurance department. Send your exam results to the state insurance board once you have passed the exam. These formal documents are necessary for a background check in every state.

What Do People Working In Property-casualty Insurance Do?

Both property insurance and casualty insurance can serve to safeguard your assets in the event of unforeseen circumstances. In contrast to property insurance, which protects you against loss if anything happens to your own property or the property of others, casualty insurance provides financial security in the event that you are judged legally liable for an accident or the damage of another person’s property.

Since the beginning of the COVID-19 pandemic, the Property-Casualty Insurance business has recovered, bringing the surplus of policyholders to a record high of $955.1 billion as of December 2020. A third of all insurance premiums are paid for by property and casualty policies, making this a lucrative and stable field in which to start a career.

Tips For Working In Property-casualty Insurance

If a job in insurance sales is something you’re interested in, here are some things to keep in mind.

Become more adept in dealing with customers

Insurance agents who excel in their jobs have excellent communication and customer service abilities. Those who have dealt with consumers before may have an advantage over those who haven’t. You may learn more about how to deal with clients and what they anticipate by enrolling in a training program.

Establish a cooperative group

When running a business or working alone, you still want a solid support system. You should seek out people with whom you can connect professionally and personally, such as peers in the insurance sales business or teachers who instruct aspiring salespeople.

Maintain a sense of decorum

It’s easy to let your hair down and dress comfortably when you don’t have to walk into an office every day. On the contrary, you should always look your best while meeting with clients.

Understanding how to connect with others is essential

Everyone feels more at ease when they sense a common ground with the individuals they are interacting with. Effective communication can provide doors to more business, such as word-of-mouth advertising and cross- or up-selling. Learn more about the individuals you meet by asking them about their hobbies, careers, and personal lives. Pay close attention to the other person and what they are saying; write down important points that you want to bring up again later. It’s a better career path for you.


So this was the list of best-paying jobs in property-casualty insurers that you can apply to. But keep in mind all these jobs require a lot of dedication and hard work. If you are thinking of quick and easy money, then this line of work is not for you.


Okay, here are some short FAQs on the best paying jobs in property-casualty insurers-

  • Q: What is the property-casualty insurers industry?

  • A: It is a sector that provides insurance products to help consumers and businesses protect their belongings from damage or loss.

  • Q: What are some of the best-paying jobs in this industry?

  • A: Some of the best-paying jobs are president/chairman/CEO, chief operating officer, chief financial officer, drilling engineer, and petroleum geophysicist.

  • Q: What are the qualifications and skills required for these jobs?

  • A: The qualifications and skills vary depending on the position and employer, but generally include a bachelor’s degree or higher in a relevant field, a valid license or certification, proficiency in using various tools and software, and strong communication, leadership, analytical, and problem-solving skills.

  • Q: What are the benefits and challenges of working in this industry?

  • A: The benefits include a rewarding and lucrative career, and opportunities to learn new skills, advance in the industry, and travel to different locations. The challenges include physical, mental, and emotional stress, risks to health and safety, working in extreme weather conditions, dealing with customers and suppliers, and working long and unpredictable hours.

  • Q: How can I find and apply for these jobs?

  • A: You can find and apply for these jobs by searching online job boards and websites, visiting the websites of property-casualty insurers companies, networking with people who work or have worked in the industry, attending job fairs, trade shows, or conferences, and creating a professional resume and cover letter.