CAREER OPTIONS CARRIÈRES - Fall 2017 - 18

5

Myths about a
Career in the
Insurance Industry
By Trevor Buttrum, MEd, CDP

I

nsurance is not typically on most students' career radar,
but, now more than ever, the industry needs talented,
creative, and motivated people. An insurance career
can offer a lot more than you may think... stability,
variety, the chance to be at the forefront of emerging trends,
rewards, above average potential for advancement and the
opportunity to take your career where you want to go.
There are a few misconceptions about the industry
and what it offers students and new grads. Here are five
common ones.

1

Insurance is all about sales

Like any business, insurance does have a sales force. That
said, of the nine roles promoted by the industry's Career
Connections program as gateways to insurance, only
one - Broker/Agent - is actually focused on sales.
Risk Management, Underwriting, Claims, Marketing,
Appraising, Investigations, and Data Analytics are amongst
the other areas of the insurance sector where you could find
18

FALL 2017

a rewarding career. Not to mention, the other operational
functions that are a part of many organizations like Human
Resources, IT, Finance, Accounting and Communications.

2

Young people are not working in the
insurance industry

Youth represent a large part of the recruitment that has taken
place in the insurance industry.
Though it is true that up to 28 per cent of the industry's
workforce is eligible to retire in the next 5 to 10 years
according to the Insurance Institute of Canada's most recent
Demographic Research Study, there is also consistent growth
in the number of young people working in the sector.
Industry professionals under 32 years of age account for
27 per cent of the insurance workforce - this is up significantly
from about 12 per cent in 2007. Conversely, The Boomer
Generation (those 46 to 65 years of age) represents 37 per cent
of the industry - this is down from 49 per cent in 2007.
The demographics of the industry are definitely trending
younger, so much so that industry networking associations

CAREER OPTIONS CARRIÈRES HIGH SCHOOL EDITION | POUR LES ÉTUDIANTS DE NIVEAU SECONDAIR



Table of Contents for the Digital Edition of CAREER OPTIONS CARRIÈRES - Fall 2017

Getting Your Foot in the Door
Un pied dans la porte
"Dear Parents: Here’s What We Want You to Know About Careers Today"
"Chers parents : voici ce que vous devez savoir sur les carrières d’aujourd’hui"
It All Adds Up for Canadian Students
Tout s’ajoute pour les étudiants canadiens
Five Myths about a Career in the Insurance Industry
Cinq mythes sur les carrières dans l’assurance
CAREER OPTIONS CARRIÈRES - Fall 2017 - Intro
CAREER OPTIONS CARRIÈRES - Fall 2017 - belly1
CAREER OPTIONS CARRIÈRES - Fall 2017 - belly2
CAREER OPTIONS CARRIÈRES - Fall 2017 - cover1
CAREER OPTIONS CARRIÈRES - Fall 2017 - cover2
CAREER OPTIONS CARRIÈRES - Fall 2017 - 3
CAREER OPTIONS CARRIÈRES - Fall 2017 - 4
CAREER OPTIONS CARRIÈRES - Fall 2017 - 5
CAREER OPTIONS CARRIÈRES - Fall 2017 - 6
CAREER OPTIONS CARRIÈRES - Fall 2017 - 7
CAREER OPTIONS CARRIÈRES - Fall 2017 - Un pied dans la porte
CAREER OPTIONS CARRIÈRES - Fall 2017 - 9
CAREER OPTIONS CARRIÈRES - Fall 2017 - "Chers parents : voici ce que vous devez savoir sur les carrières d’aujourd’hui"
CAREER OPTIONS CARRIÈRES - Fall 2017 - 11
CAREER OPTIONS CARRIÈRES - Fall 2017 - 12
CAREER OPTIONS CARRIÈRES - Fall 2017 - 13
CAREER OPTIONS CARRIÈRES - Fall 2017 - Tout s’ajoute pour les étudiants canadiens
CAREER OPTIONS CARRIÈRES - Fall 2017 - 15
CAREER OPTIONS CARRIÈRES - Fall 2017 - 16
CAREER OPTIONS CARRIÈRES - Fall 2017 - 17
CAREER OPTIONS CARRIÈRES - Fall 2017 - Cinq mythes sur les carrières dans l’assurance
CAREER OPTIONS CARRIÈRES - Fall 2017 - 19
CAREER OPTIONS CARRIÈRES - Fall 2017 - 20
CAREER OPTIONS CARRIÈRES - Fall 2017 - 21
CAREER OPTIONS CARRIÈRES - Fall 2017 - 22
CAREER OPTIONS CARRIÈRES - Fall 2017 - cover3
CAREER OPTIONS CARRIÈRES - Fall 2017 - cover4
CAREER OPTIONS CARRIÈRES - Fall 2017 - divider1
CAREER OPTIONS CARRIÈRES - Fall 2017 - divider2
CAREER OPTIONS CARRIÈRES - Fall 2017 - 30
CAREER OPTIONS CARRIÈRES - Fall 2017 - 31
CAREER OPTIONS CARRIÈRES - Fall 2017 - 32
CAREER OPTIONS CARRIÈRES - Fall 2017 - 33
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