Insurance Sales Agents
High Risk (61-80%): Jobs in this category face a significant threat from automation, as many of their tasks can be easily automated using current or near-future technologies.
More information on what this score is, and how it is calculated is available here.
Our visitors have voted that it's unclear if this occupation will be replaced. However, the automation risk level we have generated suggests a much higher chance of automation: 80% chance of automation.
What do you think the risk of automation is?
What is the likelihood that this occupation will be replaced by robots or AI in the next 20 years?
The number of 'Insurance Sales Agents' job openings is expected to rise 6.3% by 2031
Total employment, and estimated job openings
Updated projections are due Sep 2023.
In 2022, the median annual wage for 'Insurance Sales Agents' was $57,860, or $27.82 per hour
'Insurance Sales Agents' were paid 24.9% higher than the national median wage, which stood at $46,310
Wages over time
As of 2022 there were 445,540 people employed as Insurance Sales Agents within the United States.
This represents around 0.30% of the employed workforce across the country.
Put another way, around 1 in 331 people are employed as Insurance Sales Agents.
Sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.
SOC Code: 41-3021.00
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Claims are the product we sell. No claims, no need for an Agent or a company for that matter
Si nos quedan 20 años, me quedo contento, con eso. Los que amamos dicha actividad, cuando las empresas en este caso de Argentina, dan un paso para lo virtual, se encuentran con muchos problemas. (El fraude es uno de los principales costos) como tambien el costo operartivo (comisiones estructura de las empresas), pero si la ecuacion es bajar el costo, y esto hace subir los fraudes, no veo la ventaja.
And like another has said referring to Amazon, all Amazon has to do is optimize Alexa so she can talk back to you and ask you all the questions needed to properly underwrite and sell you your policy.
Another company to take a look at is Spixii
As a client who has unlimited access to information and reviews online, I can spend an hour's time myself comparing 10+ different companies from my couch and never have to step into an insurance office (which face it is extremely dull no matter who you are).
Big players like TD are disrupting the market in Canada with their self serve online P&C products and another of the big ones in Canada, The Co-operators, is pushing their group plans which are completely self serve and offer steep discounts compared to their regular products (I've seen less than half price). Which they can do because they cut out the middle man.
Amazon has also been speculated to start dabbling in the insurance business. Bezos is a conqueror and once he comes for you, it is only a matter of time.
When companies stand to save millions of dollars per year, it will happen. And it will happen quicker than you think.
Have you worked with AI and algorithms and machine learning before? I can tell you that personal insurance, with as many different factors that there can be, there certainly are solutions for all of the coverage requirements and options. If an insurance company can build in redundancy-proof errors, it wouldn't be a stretch at all to implement those redundancy-proofs to an online, automated, customer-driven platform to purchase insurance.
As soon as a client enters their license number, we can extract their license history, claims history, insurance history and conviction history. AI could easily take out the important information and calculate accordingly.
Who cares if they choose the insurance that isn't the best for them? Is that your personal responsibility to worry about what everyone chooses for every aspect of their life? Caveat emptor. Google it. Read it. Understand it.
There are many, many industries that take advantage of general ignorance. You've made a straw man argument that does not stand up to actual scrutiny. Brokers are on the way out. It is a matter of time, not opinion.
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