How to Become an Insurance Inspector

Jan 02, 2019

Find out how to become an insurance inspector. Research the education requirements, and learn about the experience you need to advance your career in insurance underwriting.

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  • 0:00 Become an Insurance Inspector
  • 1:37 Choose a Specialty
  • 2:23 Earn a Bachelor's Degree
  • 3:27 Obtain Entry-Level Employment
  • 3:50 Become Certified

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Become an Insurance Inspector

Information from the U.S. Bureau of Labor Statistics (BLS) shows that insurance inspectors are similar to insurance underwriters. Like underwriters, insurance inspectors determine financial risk factors involved in insuring a property, item, or person. With examining a home, for example, an insurance inspector would take a close look at the structure and identify potential risks, such as fire hazards or lack of structural integrity. Insurance inspectors write reports on their findings and make recommendations on whether to provide insurance.

The majority of insurance underwriters and inspectors work on a full-time basis. Much of an inspector's time is spent in an office setting, although they may be required to travel locally to sites in order to assess buildings. The majority of inspectors work directly for insurance companies.

Degree Level Bachelor's degree
Degree Field Math, finance, economics, business, or engineering
Certification Insurance industry certification recommended
Key Skills Ability to communicate with other professionals, strong analytical ability, comfort in working without supervision, time management skills, able to utilize document and spreadsheet programs, knowledge of insurance policies and insurance assessment procedures
Median Salary (2015)* $65,040 (for all U.S. insurance underwriters)

Sources: *U.S. Bureau of Labor Statistics (BLS), Iowa College Student Aid Commission

Let's take a brief look at the steps needed to become a successful insurance inspector.

Step 1: Choose a Specialty

In the insurance industry, there are multiple specialties for insurance inspectors to consider. The four most common specialties, per the BLS, include property and casualty, life, mortgage, and health. Of these four areas, property and casualty insurance is the widest field with the most subfields, including home insurance, business insurance, vehicle insurance, and personal insurance. Each field or subfield of insurance requires slightly different training and experience. For example, professionals who specialize in either life or health insurance may possess backgrounds in health care management or health care administration. Individuals who know what they want to specialize in early on may have an easier time selecting related degree programs.

Step 2: Earn a Bachelor's Degree

The BLS recommends that insurance inspectors pursue bachelor's degree programs related to finance, mathematics, business, or economics. According to the Iowa College Student Aid Commission, prospective insurance inspectors may want to consider earning bachelor's degrees in engineering, especially individuals who want to go into property and casualty insurance. Engineering degree programs may provide students with a better knowledge of structural design and safety codes. Potential engineering programs that may prove useful include mechanical, electrical, civil, and architectural.

Success Tip:

  • Take insurance classes. Although the BLS does not state that insurance inspectors or underwriters are required to take insurance courses, gaining the knowledge from these classes may impress potential employers. Risk management and insurance classes are often connected to financial degree programs. Course topics include property and casualty, commercial liability, health insurance, financial management, and financial markets. Some universities also offer undergraduate certificate programs in this field.

Step 3: Obtain Entry-Level Employment in the Insurance Industry

Typically, insurance underwriters start out under the supervision of more experienced peers or supervisors, which may also be the case for starting insurance inspectors. As these professionals gain on-the-job experience, they may take on more and more increasingly complex duties, such as handling cases independently.

Step 4: Become Certified

Per the BLS, insurance employers often prefer if underwriters obtain professional certification; however, this may not apply to insurance inspectors. Insurance professionals often obtain certification by completing coursework or training programs prior to taking certification exams. Information from the BLS showed that many workers take professional development courses to keep up with legal changes or trends in the insurance industry, and some of these courses may lead to earning credentials.

New insurance inspectors may not be eligible for some certification programs, since many programs require workers to have several years of experience. There are organizations that offer training and certification programs to insurance underwriters who are just starting out, per the BLS, so there may be similar programs for insurance inspectors. There are also general knowledge insurance certification programs, and some of these programs may not require individuals to have prior work experience.

Success Tip:

  • Maintain any and all certifications. Insurance inspectors who pursue certifications will need to maintain their certifications in accordance with the renewal requirements set by the granting organizations. Each organization has different rules for certification renewal, but some of the most common rules include completing continuing education (CE) courses. Many organizations require certified professionals to take CE courses to verify that each professional has received the latest training in their field of expertise. Other common certification renewal requirements may include retaking exams, paying fees, or completing paperwork.

Becoming an insurance inspector requires a bachelor's degree, work experience, and earning and maintaining certification.

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