Career Path in Insurance: Underwriting, Brokerage, etcSubscribe
Anybody here works in commercial insurance (property and casualty, specialty lines, etc) can shed some light on the different career paths?
I am currently on a graduate scheme of one of the largest insurers in the world in a commercial line in the London office. Prior to this I had internships experiences in management and strategy consulting graduating from a top 3 UK university.
I liked my job as a consultant because it was challenging and intellectually stimulating. It had a good combination of hard skills (technical, excel modeling, data analysis, critical thinking) and soft skills (communication skills, leadership skills, client-facing, etc). I am struggling finding a rewarding career here in the insurance industry that combines both of it.
I tend to think that underwriting might be more challenging compared to being a broker (as most of the brokers I've met weren't as smart as the underwriters). However, brokers and people working in sales make insane commissions, some of the best sales guys in my firm made over 100k in a year.
What specialty lines are the most challenging ones? Is it Financial lines (D&O) or is it M&A (W&I)? What about credit risk and political risk?
Any comments or feedback would be very much appreciated!