Insurance Industry Adds 8,500 Jobs in June

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Leading Insurance Career Site, Shares Employment Trends from the Insurance Industry.

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The insurance industry saw an increase in employment with the addition of 8,500 jobs for the month of June, according to the latest employment numbers from the U.S Bureau of Labor Statistics released earlier this month.

The insurance industry grew by 0.35% last month and now sits roughly at 2.43 million employed insurance workers. Over the past year, the total number of employed workers has increased by 54,500 jobs. The BLS also revised its earlier figure of 1,800 new insurance jobs for the month of May to 4,600 jobs.

Since May 2013, insurance employment has generally increased across the industry with gains in health (up 3.02%); property/casualty (up 2.08%); reinsurance (up 3.02%); agents/brokers (up 3.49%); and third-party administration of insurance funds (up 3.36%). Decreases were reported in life (down 0.15%); title insurance (down 3.05%); and claims adjusting (down 4.49%).

Wages for most insurance industry sectors have also increased since May 2013. The average weekly earnings increased by 1.86% to $1,346.75 in the life/health sector; 2.35% to $1,330.96 in the property/casualty sector; up 7.53% to $1,156.33 for title insurance; 4.02% to $1,117.54 for agents/brokers; and 0.72% to $1,161.89 for third-party administration of insurance funds.

Wages dropped for reinsurance (down 6.9% to $2,095.38) and claims adjusting (down 1.74% to $1,287.68).

Established in 2006, is the leading insurance jobs website for insurance careers. Currently the site has over 250,000 registered job seekers and 6,500 registered employers. Users can create a profile, upload their resume, apply to positions and engage in our social communities. Employers can post insurance job opportunities and browse a resume bank for applicants. Thousands of new insurance jobs are listed each month by geographic location and specialty, including: actuarial, adjuster jobs, agents, claims jobs, clerical, customer service, health, life, risk management, sales, investigators, insurance underwriters, workers compensation and more.

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Jay Rollins
RSG Inc.
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