Insurance carriers provide some of the most outstanding career opportunities for IT professionals as more and more of the industry utilizes IT mobility, social media, and technology pervades every aspect of insurance.
With a variety of talents and training, the insurance industry remains something of a "best kept secret." Students from the most prestigious schools are likely to aim at other, "more exciting" industries or at vanguard technology companies such as Google and Facebook but shouldn't overlook insurance for opportunities.
From network development, infrastructure, programming, website development, to systems testing, business analysis and project management; important and leadership positions abound within the insurance industry. Particularly in health insurance, with the advent of health insurance exchanges, IT positions in health insurance are more important and integral to the business than ever.
Insurance Info Tech's Best Colleges
Where do the best information technology graduates come from in entering the insurance industry as new graduates? Some of the most talented people come out of schools that insurers have told insurance tech.com train and develop the best in insurance technology for the insurance industry.While insurers tend to engage with local and regional universities, Insurance & Technology has identified 11 institutions of higher learning that multiple carriers rate as outstanding institutions to tap for highly qualified IT talent. These are in alphabetical order:
- Clemson University, Clemson, S.C.
- Michigan State University, Lansing, MI
- Michigan Tech University, Houghton, MI
- Rensselare Polytechnic University, Troy, N.Y.
- Stevens Institute of Technology, Hoboken, N.J.
- Tennessee Tech University, Cookeville, TN
- University of Florida, Gainesville, FL
- University of Georgia, Athens, GA
- University of Wisconsin, Madison, WI
- Virginia Tech University, Blacksburg, VA
- Worcester Polytechnic University, Worcester, MA
Technology within the insurance enterprise ranges from modern Java-based systems using artificial intelligence to large mainframe systems consisting of millions of lines of code. Working in insurance, individuals can program in a variety of languages and use any of the major database technologies on a variety of hardware platforms. Insurers sometimes possess two or more state-of-the-art data centers with thousands of servers. Both new graduates and established professionals will find the insurance landscape tremendous to become a part of.
Insurers often work closely with several local universities to attract high-quality IT talent. But not all insurers have been aggressive in attracting top candidates about the opportunities available in our industry.
According to the InformationWeek 2012 U.S. IT Salary Survey: Insurance, median total cash compensation for IT staff in the insurance industry is $96,000 annually. "The insurance industry offers an excellent opportunity for technologists to build an exciting and rewarding career," says Insurance & Technology Editorial Director Katherine Burger. "And a degree from any of the schools (listed above) makes a great first impression on our insurance experts."