4 Tips for Your First Insurance Industry Interview

Risk management and insurance are one of the popular courses in the market. However, despite this, you’ll need to prepare for an insurance claims job interview

Maybe you’ve come across an insurance Claims Adjuster job and decided to apply for an entry-level position. You’re about to finish your studies and would want to maximize the chances of getting an offer. Well, here’s what to do.

1. Understand the Insurance Basics

Before applying for an insurance job, you’ll need to understand the basics.

Knowing the basics helps in impressing your interviewer. Other than this, you’ll need to see the importance of insurance in the economy.

An insurance firm allows businesses and people to exchange considerable risks for a fixed premium. The industry sells a promise to its clients.

With insurance, people can engage in activities that are quite risky. Such may include owning and operating a business, driving a car, or owning a home. All these acts put people at higher risks.

Most people wouldn’t engage in these tasks without assistance on these risks. As such, insurance is like grease that helps the entire economy gears run and turn smoothly.

2. Capitalize on the Fact that Your Competitors Don’t Have a Clue in the Industry

Risk management and insurance students only contribute to 15 percent of new entrants in the industry. That means that 85 percent of new hires don’t know anything about the industry!

Hiring managers at insurance companies are likely to interview entry-level candidates with little insurance knowledge. Be sure to use this to your advantage. How? Familiarize yourself with the company and entire industry as much as you can. Many interview candidates won’t do this, which sets you apart from them.

3. Understand the Distinction between Different Insurance Categories

To most people, insurance is insurance. However, that’s not the case. In the industry, there are three distinct categories. Such are as follows:

  • Casualty/property carriers that sell insurance for people’s homes, cars, and businesses. It may also offer protection against a lawsuit.
  • Life insurance carriers promise to make compensations once a person dies. The purpose is to replace your income and support any of your dependents.
  • Health insurance carriers sell you protection for your medical, health and hospital expenses.

Identify the insurance category that you’d like to work. From here, search the requirements that you must have to join any of these industries.

4. Research about Your Interviewers

If you’re lucky, the insurance company may tell you whom to expect in your interview. With this, look up for their name on LinkedIn. Please familiarize yourself with their academic and professional qualifications.

Determine whether they do have any special education and designations or not. Doing so makes it easier for you to connect with them at a personal level.


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