Risk Management and Insurance
Career Facts
If you are wondering about career opportunities in the insurance industry, here are some facts to consider:
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2,305,900
This is the total number of people employed by the insurance industry as of September 2006, according to the Bureau of Labor Statistics. -
$3.43 Trillion
Total gross premiums paid in to the insurance industry worldwide during 2005. -
$81,880
Median annual earnings of financial managers as of May 2004, according to the Bureau of Labor Statistics.
Other points of interest regarding compensation:
• Entry-level salaries for account executives at Risk Management firms can run as high as $80,000 per annum for highly qualified candidates.
• Median annual income for actuaries was $76,340 in May 2004
• Median income for insurance underwriters was $48,550 per annum in May 2004
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