This document will help you answer the following questions:
- Why is the insurance industry important to Bermuda?
- What is insurance?
- What can and cannot be insured?
- What is the history of insurance?
- How did the insurance industry get started in Bermuda?
- How does the business work?
- What kind of jobs are there in insurance?
- What does it take for a career in insurance?
- Where to get more information.
Careers in the Insurance and Reinsurance Industry
For Bermudians, one of the great things about a career in the insurance and reinsurance industry is that you can pursue it right here at home. And, with 25% of US insurance professionals expected to retire or assume smaller roles within three years, there will be new global opportunities for aspiring young people.
Members of the Association of Bermuda Insurers and Reinsurers (ABIR) and other Bermuda-based international (re)insurers are sophisticated, smart and interested in your future. Here, we highlight potential careers for students and young adults with academic enthusiasm for:
If you see your favorite school subject on this list (and they’re almost all there, right?), you can challenge yourself to prepare for one of the many careers in the insurance and reinsurance world, and be one of the industry’s new, up-and-coming professionals.
You can make a start by browsing our fact sheets, discover the jobs that suit you, and learn more about the post-secondary paths to an exciting future in a successful and respected industry, in Bermuda and internationally.
KEY Messages for High School Students
- Find your passion. Consider what subjects and activities you enjoy the most and investigate what careers put those interests to use.
- Make good grades and keep your GPA high. Most scholarships require a B average which is a 3.0 GPA.
- Learn time management. Become comfortable with keeping a calendar for all important dates including tests, papers due, exams, application deadlines.
- Pay attention to detail. Double and triple check before submitting assignments, reports, scholarships and college/university applications.
- Apply to accredited colleges or universities. Accreditation ensures the level of quality of education you receive from an institution and it ensures that your degree will be recognized for the true achievement that it is.
- Network, network, network. Attend lots of college/university information sessions, career fairs and presentations, resume writing workshops and interview workshops.
- Volunteer or be involved in community groups and extra-curricular activities. Not only does this make you feel good but it looks quite admirable on your resume.
- Be open to new ideas from a variety or resources. Information is golden.
- bermudascholarships.com is the place to go to search for and apply for scholarships. Familiarize yourself with the site and ask for help if you need it. If you don’t apply you won’t get!
- com contains access to close to $5 million of scholarship money, from about 150 award providers for over 350 different scholarships in more than 30 areas of study.
Work climate in Bermuda
- There is a war for talent in Bermuda.
- Companies want to hire qualified Bermudians.
- Because Bermuda is an international business zone, standards are very high in each and every industry.
S:ABIC/2018/Public School Outreach/Key Messages for High School Students
February 25th – March 1st is International Business Week a joint initiative to connect Bermuda’s young people with the island’s global companies.