Insurance specialist

What does an insurance specialist do? – Tasks and work environment

An insurance specialist works with analyzing, designing, and managing insurance solutions for both individuals and companies. Tasks include advising on insurance needs, risk assessment, drafting insurance agreements, and handling claims. The role often involves close contact with clients, insurance companies, and other actors in the financial sector. The work environment is typically office-based, characterized by a high pace and demands for accuracy, analytical skills, and customer service. Digital tools and systems are used daily to handle cases and ensure high quality in customer interactions.

Salary development over time

The salary for an insurance specialist has shown steady growth over the past three years. In 2022, the average salary was 47,400 SEK per month, increasing to 49 500 SEK in 2023. During 2024, the average salary has risen further to 51 300 SEK, representing a total increase of approximately 8.2% over the period. This development reflects an increased demand for specialist competence within the insurance sector, while the industry imposes higher requirements for education and experience. The market is also affected by digitalization, new regulations, and the need for advice on complex insurance products. The salary increase has been somewhat stronger than the average for similar professions, indicating that insurance specialists remain attractive in the job market.

Insurance specialist salary – comprehensive overview

• Average salary: 51 300 SEK/month
• Lowest salary: 42,300 SEK/month (female, private sector, high school education)
• Highest salary: 65,700 SEK/month (male, private employee, post-secondary education 3+ years)
• Hourly wage (average): 309 SEK
• Women: 47 200 SEK/month
• Men: 55 600 SEK/month
• Women earn: 85% of what men do

Education and qualifications

To work as an insurance specialist, a post-secondary education in economics, law, or insurance is usually required. Many employers value experience from the industry or additional certifications. Internships and trainee programs are common entry pathways, and there are opportunities for further education through internal courses or online platforms. Knowledge of customer service, administration, and IT systems is often advantageous.

• Economics or law degree: 3–4.5 years at university or college
• Certifications: Insurance law, risk management, SwedSec license
• Internship/trainee: Common at larger insurance companies
• Prerequisites: High school diploma, preferably with a focus on economics or social studies
• Online courses and self-study: Opportunities to supplement with digital training in the field

Common benefits and compensation

Insurance specialists often have access to benefits such as occupational pension, wellness allowance, health insurance, and options for flexible working hours or remote work. Other common compensations include bonuses, performance-based pay, subsidized lunches, and opportunities for skills development through internal training or external courses.

Competition and challenges

The competition for roles as an insurance specialist is moderate, but the requirements for formal education and industry knowledge have increased. Digitalization is rapidly changing work processes, demanding that professionals stay updated on new systems and regulations. The role requires great accuracy, integrity, and the ability to handle complex situations, while expectations for quick and accurate customer service are high. Balancing advising, sales, and administration can be challenging, especially during busy periods or major legislative changes. For those wishing to specialize further, continuous education is essential to remain attractive in the job market.

Tips for aspiring insurance specialists

To succeed as an insurance specialist, it is beneficial to combine analytical skills with strong communication abilities. Accuracy is crucial, especially when handling agreements and claims, to avoid missing important details. Being service-oriented facilitates customer contact and helps build long-term relationships. Independence and responsibility are valued by employers, particularly when making decisions in complex situations. Flexibility and an interest in continuous skills development make it easier to adapt to new regulations and digital tools. A structured work approach helps manage multiple cases simultaneously, while curiosity about the industry opens up new career opportunities.

Key facts about Insurance Specialist

• Education level: Post-secondary education in economics or law
• Work environment: Office-based, often with remote work options
• Job market: 758 available jobs in the profession as of the latest measurement
• Gender distribution: Women earn 85% of men's salaries
• Advisory role: Significant client contact and communication skills required

Career paths and outlook

After three to five years as an insurance specialist, there are good opportunities to advance to roles such as senior advisor, team leader, product developer, or risk assessment specialist. Some choose to further their education and move into management roles within insurance or transition to related fields such as compliance or financial analysis. According to the Swedish Public Employment Service's forecast, there is no specific assessment of future prospects for this profession, as it is part of a broader occupational group. However, the number of available jobs indicates stable demand, especially in larger cities and regions with many insurance companies. Digitalization and new insurance products create opportunities for specialists with updated skills. Related professions include insurance salespersons, insurance advisors, and risk analysts.

Frequently asked questions about insurance specialists

• What is the average salary of an insurance specialist?
  - The average salary for an insurance specialist is 51 300 SEK per month.
• How do salary differences between men and women look?
  - Men earn an average of 55 600 SEK, while women earn 47 200 SEK, which means women earn 85% of men's salaries.
• What education is required to become an insurance specialist?
  - Typically, a post-secondary education in economics or law, often supplemented with industry-specific certifications.
• What career paths are available after a few years in the profession?
  - It is common to advance to roles such as senior advisor, team leader, or product developer.
• What is the work environment like for an insurance specialist?
  - The work is mainly office-based with elements of customer meetings and digital management.
• How many job openings are there in the profession?
  - The latest measurement indicated there are 758 available jobs in the insurance sales and advisory profession.
• Are there regional salary differences?
  - Salary levels can vary between regions, with larger cities often offering higher wages.