Insurance Careers Month Highlights Stable, Rewarding Jobs in Michigan

Media Contact:?Laura Hall, (517) 290-3779, [email protected]
Consumer Hotline: 877-999-6442, Michigan.gov/DIFScomplaints

FOR IMMEDIATE RELEASE:?February 6, 2023

(LANSING, MICH) This February, the Michigan Department of Insurance and Financial Services (DIFS) is highlighting Insurance Careers Month and the more than 80,000 Michiganders who work in the insurance field.

?Michigan is home to some of the nation?s largest insurance companies, many of which have a strong need for employees with a variety of skill sets, expertise, and backgrounds,? said DIFS Director Anita Fox. ?Nationally, nearly half of people currently working in insurance are expected to retire in the next ten years, so this is a great time for workers in this state to investigate what a career in the insurance industry could do for you, your family, and your future.?

A study conducted by the Insurance Information Institute showed that more than 80,000 Michiganders work in the insurance industry, with salaries totaling approximately $6 billion a year. According to the Insuring MI Future Coalition, a 501(c)3 created to raise awareness of career opportunities in Michigan, careers in the insurance industry tend to be stable and high paying, with an average salary of $60,000, substantially higher than the average of $45,000 for other industries.?More information about the insurance industry is available on the National Insurance Careers Month website.

To fill new positions, companies in these industries need employees with a variety of educational backgrounds and skill sets, including:

• Computer programming
• Cybersecurity
• Marketing
• Communications
• Accounting
• Economics
• Management
• Human Resources
• Legal
• Actuarial

In addition to positions within insurance companies and agencies, DIFS is hiring for a variety of positions to help ensure that Michigan?s insurance and financial services sectors are safe sound and serve the needs of Michigan?s consumers. For more information, including current job postings, visit the DIFS Careers website. For more information about DIFS and the insurance industry and financial services industry in Michigan, visit Michigan.gov/DIFS call 877-999-6442, Monday through Friday.

The state?s insurance industry members will be posting testimonial videos on their respective social media channels that showcase the many good paying jobs available in the insurance industry in our state. To view the videos, search #InsuranceCareersMonthMI on Facebook, LinkedIn, Twitter, and Instagram.

The mission of the Michigan Department of Insurance and Financial Services is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security, and success of Michigan residents, while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan residents. For more information, visit Michigan.gov/DIFS?or follow the Department on Facebook, Twitter, or LinkedIn.

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