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Genworth Financial

Insurance

United States of America

If you’re searching for a relatively recession-proof industry that offers challenge, growth and a strong hiring outlook, the Insurance Industry is a great example. The global insurance market is experiencing a transformation to ‘digital-first’ business models that can unlock new value worth billions of dollars. With an increasing focus on personalized premiums and usage-based coverage, insurers are leveraging the Internet of Things, advanced analytics and machine learning to develop more granular individual risk profiles. As a result of globalization and deregulation, the insurance industry has gone through a tremendous transformation over the past decade. Insurance is important to the economy because it allows people to engage in activities like driving a car, buying a home, and operating a business which put them at risk of severe loss; people couldn’t engage in those things if they had to bear all the risk without protection. Insurance is the grease that helps the economy’s gears turn.

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