Slides from Career Institute

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Slides from Career Institute

  1. 1. INFORM+INSPIRE<br />Career Institute <br />August 9-11, 2010<br />Columbus, Ohio<br />The Griffith Insurance Education Foundation<br />Griffith Insurance Education Foundation <br /> Presented by the Katie School of Insurance<br />
  2. 2. Griffith Career Institute Goals<br />Network and Gain Ideas for Communicating Careers to High School Students<br />Gain Understanding of Career Opportunities That Exist in Insurance Industry<br />Gain Career Information Resources to Take Back to School and Use<br />The Griffith Insurance Education Foundation<br />
  3. 3. Who is in the audience with you? <br />Survey<br />Shared Challenges<br />Shared Solutions<br />The Griffith Insurance Education Foundation<br />
  4. 4. Employment Facts About the Insurance Industry in Ohio<br />The Griffith Insurance Education Foundation<br />
  5. 5. The Griffith Insurance Education Foundation<br />
  6. 6. Job Availability and Advancement Potential in RMI <br />High exposure to aging workforce & retirees (See graph below)<br />Workers 55+ have increased 74% in Insurance and Risk Management in the past 10 years compared to a 45% increase in overall workforce<br />By 2018, the projected number of workers nearing retirement in industry will be 25%<br />8/12/2010<br />The Griffith Insurance Education Foundation<br />
  7. 7. Category 1: Jobs Unique to Insurance<br />Actuarial Sciences<br />Claims<br />Risk Management<br />Underwriting<br />Reinsurance<br />Insurance Agent and Broker<br />Personal Financial Planner<br />The Griffith Insurance Education Foundation<br />
  8. 8. The Griffith Insurance Education Foundation<br />U.S News and World Report: <br />The Ten Best Jobs* <br />Biologist <br />Actuary <br />Financial planner <br />Computer-systems analyst <br />Accountant <br />Software engineer <br />Meteorologist <br />Paralegal assistant <br />Statistician <br />Astronomer <br />* Ranks 250 occupations on the basis of six key criteria: environment, income, employment outlook, physical demands, security, and stress. <br />
  9. 9. Comparative Competitive Wages <br />The Griffith Insurance Education Foundation<br />
  10. 10. Comparative Competitive Wages <br />The Griffith Insurance Education Foundation<br />
  11. 11. Comparative Competitive Wages <br />The Griffith Insurance Education Foundation<br />
  12. 12. Opportunities for Professional Designations & Advancement<br />8/12/2010<br />The Griffith Insurance Education Foundation<br />
  13. 13. Category 2: “General” Jobs Working in Insurance Industry<br />IT/Systems<br />Finance/Accounting<br />Legal<br />Marketing<br />Communications<br />Training and Development<br />The Griffith Insurance Education Foundation<br />
  14. 14. Insurance Industry Sectors<br />8/12/2010<br />The Griffith Insurance Education Foundation<br />
  15. 15. Property/Casualty Insurance Sector<br />Personal Lines<br />Examples<br />Commercial Lines<br />Examples<br />The Griffith Insurance Education Foundation<br />
  16. 16. The Griffith Insurance Education Foundation<br />1 Building & contents – Property coverage 2 Business interruption – Gross earnings 3 Business interruption – Extra expense 4 Business interruption – Loss of rents 5 Contingent business interruption – Supplier 6 Contingent business interruption – Recipient 7 Contingent business interruption – Leader 8 Plate glass coverage 9 Aircraft hull10 Aircraft liability11 Workers compensation12 Automobile insurance – Comprehensive13 General liability14 Umbrella15 Catastrophe reinsurance16 Finite risk insurance17 Fine arts floater – Inland Marine18 Jewelry floater – Inland Marine19 Group life20 Individual life21 Group health22 Individual health23 Short term disability24 Long term disability25 Homeowners insurance – Unscheduled property26 Clash insurance27 Boiler & Machinery physical damage28 Loss of power29 Transmission and distribution lines30 Event cancellation31 Retrocessional coverage<br />Numerous Insurance Products<br />The adjacent list shows the types of insurance coverages paid for resulting from the World Trade Center Loss <br />
  17. 17. Why Insurance Industry May Appeal to Gen Y<br />2010 McKinsey Survey of RMI alumni<br />83% agree that industry offers good work/life balance as well as a flexible working environment<br />93% believe industry professionals provide intellectual challenges<br />93% agree that industry provides significant value to society<br />The Griffith Insurance Education Foundation<br />
  18. 18. INFORM+INSPIRE<br />James R. Jones, CPCU<br />Director – Katie School of Insurance<br />James.jones@ilstu.edu<br />(309) 438-7754<br />The Griffith Insurance Education Foundation<br />Questions About Careers in Insurance or Griffith Insurance Education Foundation?<br />Jason Terrell<br />Director – Insurance Education Institutes<br />jterrell@griffithfoundation.org<br />(614) 880-9870<br />

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