What does Risk Management and Insurance Brokerage mean?
A career in risk and insurance presents an opportunity to work with clients in any industry sector, all around the world. Marsh helps our clients identify risk, whether it’s risk to their people, their property or their bottom line, anything that may keep our clients from meeting their financial or strategic goals. We help clients mitigate that risk often through consulting, advising and mostly through the placement of an insurance policy.
Is Risk and Insurance a career for me?
Working for Marsh offers the opportunity to work with clients all over the world in nearly every industry sector. No matter what you studied in your undergraduate career, you will be able to apply those skills at Marsh.
Below are some examples of how different degrees and skills relate to our industry.
Business and Economics
The best brokers and client executives understand how their client’s business works. With your business background, you will be familiar with a number of industries and the kind of market in which our clients work, which will give you a greater understanding of the risks our clients face.
Having studied engineering, you now have the capability to think logically, with the ability to see both the bigger picture and finer details. These skills allow you to understand your clients’ needs and overall goals. Being able to understand the client’s technical jargon means you can quickly understand their needs and environment as well as any technical requirements and risks that may present themselves.
A liberal arts background will allow you to think critically and ask the right questions to get the best result possible for your client. Your overall knowledge from your different coursework will ensure that you are able to analyze data and see small details.
Marketing & Communications
Working in a global organization means that you’ll regularly be required to interact with colleagues and clients across the globe. With either a marketing or communications major, you will be able to effectively navigate different cultures and communicate in a succinct and clear manner, which is a highly valuable skill.
Political Science & International Studies
With your background, you have gained an important skillset in contract negotiation. Your attention to detail will be critical in understanding policy wordings, and getting the best outcomes for your clients. You will also be well-aware of major economic, social and cultural issues, which will help in your interactions with clients across the globe.
Mathematics & Statistic
Using mathematical modeling, data analysis and your analytical mind, you’ll be able to help clients optimize their risk transfer and develop a robust insurance program. Your extensive problem solving skills will be highly beneficial in your ability to look at issues from a new perspective, which always happens in the ever changing insurance industry.
Your degree has taught you how to think in a methodical and logical manner, which are important skills within the insurance industry. You’ll be able to analyze the finer details of clauses in our clients’ policies while looking for new potential risks to your clients. With every new discovery our clients make that will need protection, your scientific background will give you the credibility and technical understanding for how to protect their work.