Insurance Broker Job Outlook
The same report shows that about 12 are self employed.
Insurance broker job outlook. Job opportunities are expected to increase by 10 over the next decade according to the. What is the job outlook for an insurance broker. Breaking the numbers down further. Insurance broker services are usually in high demand as individuals businesses and other groups seek to limit their exposure to risk and take advantage of the increasingly wide range of coverage options.
Employment outlook for insurance sales agents employment of insurance sales agents is projected to grow 10 percent from 2016 to 2026 faster than the average for all occupations. According to the bureau of labor statistics the insurance industry is projected to grow 10 by 2022 from where it was in 2012. The median annual wage for insurance sales agents was 50 940 in may 2019. Demand for insurance sales agents is expected to go up with an expected 168 070 new jobs filled by 2018.
You could also consider working for yourself. Bureau of labor statistics bls your best job prospects are with insurance carriers and in related insurance activities. Employment of insurance sales agents is projected to grow 10 percent from 2018 to 2028 faster than the average for all occupations. The overall job outlook for insurance sales agent careers has been positive since 2004.
According to the u s. Total insurance sales agent jobs are projected to grow by 11. Because the profitability of insurance companies depends on a steady stream of new customers the demand for insurance sales agents is expected to continue. 61 of insurance brokers work for a business of this type according to figures from 2018.
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