Interested in Joining?
The insurance industry is hiring students of ALL majors for ALL functional areas.
Are you interested in a career that is stable, rewarding, and limitless? Could you benefit from expanding your networking, increasing exposure to educational and professional development opportunities, building your resume, and improving your leadership skills? Then Gamma Iota Sigma is for you!
Interested in Joining?
The insurance industry is hiring students of ALL majors for ALL functional areas.
Are you interested in a career that is stable, rewarding, and limitless? Could you benefit from expanding your networking, increasing exposure to educational and professional development opportunities, building your resume, and improving your leadership skills? Then Gamma Iota Sigma is for you!
Advisory Council
The Advisory Council consist of Sustaining Partner Companies
The Advisory Council help leads the strategic direction of Gamma Iota Sigma to grow and sustain a robust and diverse student talent pipeline, ensuring the industry's vibrant future.
What They Do:
​
An insurance account manager acts as a customer service representative at insurance companies. With a focus on the customer service side of the insurance sales cycle, they manage and nurture customer relationships, and lead all client communications..
​
Why are Account Managers important:
Once the sales team wins a client, account managers are the main point of contact for your clients. They are essential to resolving conflicts with the client, smoothing communications with sales and customer support, and understanding the client's goals and pain points in order to best meet their needs.
Why It's Important:
​
Once the sales team wins a client, account managers are the main point of contact for your clients. They are essential to resolving conflicts with the client, smoothing communications with sales and customer support, and understanding the client's goals and pain points in order to best meet their needs.
Typical Duties:
​
-
Responding to customer inquiries
-
Explaining coverage and premiums
-
Informing clients on any policy or billing changes
-
Facilitating the claims process between clients and the adjuster
Important Skills:
​
-
Knowledgeable
-
Customer/relationship-oriented
-
Customer relations-oriented
-
Strong communicator
-
Results-oriented
Professional Designations:
​
CPRM, Certified Personal Risk Manager
ARM, Associate in Risk Management
CIC, Certified Insurance Counselor
AAI, Accredited Adviser In Insurance
(Mouse over yellow box to close)
Job Outlook (Based on 2019 BLS)
Employment of actuaries is projected to grow 20 percent from 2018 to 2028, much faster than the average for all occupations. However, because it is a small occupation, the fast growth will result in only about 5,000 new jobs over the 10-year period. Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new, emerging risks.
More actuaries will also be needed to help companies manage their own risk, a practice known as enterprise risk management. Actuaries will help companies avoid, manage, and respond to any potential financial risks across all areas of their business operations. This analysis helps companies adjust their business or investment strategies to achieve economic returns and respond to new financial regulations and requirements.
Insurance companies will need actuaries to analyze the large amount of information, such as medical or property data, collected from consumers. The increase in available data will allow insurance companies to better develop new products, set competitive prices, predict consumer behavior, and make more accurate projections of future risks and costs.
In addition, health insurance companies will require more actuaries to help evaluate the effects of changing healthcare regulations and guidelines, expand into new insurance markets, and offer products to new customers.
Number of Jobs (BLS, 2018): 25,000
Collegiate Experience: University Listing with Actuarial Programs and Courses to Pursue
Coursework to pursue:
Applied Statistics
Corporate Finance
Economics
Financial Mathematics
Accounting and Finance
Mathematical Statistics
Universities with Actuarial Programs
Scholarships: There are a number of opportunities for financial assistance available for students pursuing actuarial science.
• Actuary of Tomorrow - Stuart A. Robertson Memorial Scholarship
• CAS Trust Scholarship Program
• D.W. Simpson Actuarial Science Scholarship Program
• Ezra Penland Actuarial Scholarship
• Curtis E Huntington Memorial Scholarship
• The Society of Actuaries James C. Hickman Scholar Program
• Modeling the Future Challenge Scholarship
• Actuarial Diversity Scholarship
• International Association of Black Actuaries Scholarship
• Mutual of Omaha Actuarial Scholarship for Minorities
Additional Resources:
American Academy of Actuaries
Society of Actuaries
Be an Actuary
American Society of Pension Professionals and Actuaries
Joint Board for the Enrollment of Actuaries
Day in the Life of an Actuary