Now that the whole world is going through a pandemic, millennials are experiencing first-hand what it is like to apply for jobs amidst this feeble economy. The entry-level jobs that were supposed to be filled by fresh graduates are now brimmed with experienced workers. Not only do fresh graduates have to compete among themselves, they now have to compete with other unemployed workers as well. This is why a career in the insurance industry is a viable option for millennials and fresh graduates that are open to new challenges.
Insurance—a career that has been around for many years and will continue to stay for many years to come—is not exactly a boring and dying industry like some would perceive it. A career in the insurance industry actually has more to offer to the younger generation especially the millennials, those born between 1981 to 1996. Here are seven reasons why:
7 reasons why the insurance industry speaks for millennials
A sustainable career
Almost everything you see has insurance at work. In fact, the world’s economies are unable to exist without insurance as almost every construction site and transportation requires insurance. In one way or another, everyone needs insurance. Especially now that people are becoming more health-conscious, insurance will inevitably become a priority. If you are a millennial looking for a sustainable job that will last in the industry for many years to come, you are looking at the right place.
Room to grow
When we say the opportunity for growth, we mean this: you can plan out your goals without having to wait for anyone. For instance, if you want to focus solely on sales, you can choose to be a sales expert or if you want to have your own team, you can start your own recruitment by building a team and grow from there. Your promotion or route to success is completely up to you—no more waiting for the man above you to leave for you to do so. As a financial adviser, every day is a chance for you to learn something new.
New challenges every day
Having to work the same job over and over again must be a nightmare for most millennials who crave adventure and thrill. Fortunately, that is not what you have to face when you work in the insurance industry because there is a new challenge every day. Different people have different financial needs and so they may require different types of insurance coverage. You will get to learn how to overcome different challenges and grow every day.
Increasing use of technology
Technology is, to no one’s surprise, a millennial’s best friend. With information readily available at our fingertips, we no longer need to go out and meet our insurance agents or advisers physically. What this means for you if you become a financial adviser is that you get to work from the comfort of your home with the use of modern technology and easily engage with your prospects and clients on the go.
Are you always on the lookout for others and care about their welfare? The primary goal of the insurance industry is to help ease others’ financial burden, especially during difficult times. Now more than ever, people are in need of good financial planning to keep themselves afloat amidst the economic recession. A career in this industry truly is rewarding!
Millennials understand the importance of diversity, or should we say, they are “woke”. As of 2018, there are a total of 1.2 million millennials in Singapore which makes up a total of 22% out of the whole population, and there are also more than 1.1 million foreigners working in Singapore, so you will be sure to work alongside diverse communities. Different cultures and backgrounds can help shape new perspectives and experiences which is highly valuable especially when you work in an industry that requires critical thinking.
As a financial adviser, you get to schedule your work however you like. With the use of technology, you can ease your workload and engage with clients effortlessly. Millennials are definitely not lazy! They mainly value their work-life balance and a career in insurance can help them with just that. ‘Work hard, play hard’ is the motto.
At KWO, we invite strong and determined individuals like you to come and join us. We believe everyone has something to offer; to grow and spread their wings. Build a career in helping others now!