What is an insurance programmer and what do they do?
An insurance programmer is a professional who specializes in the technical aspects of designing, developing and testing software for the insurance industry. Though these professionals could be employed at any number of places, including other industries that need programmers, they are most commonly hired by large insurance carriers to work on custom-developed software applications.
The Role of a Software Developer in the Insurance Industry
The role of a software developer in the insurance industry is to design software applications that automate crucial business processes, collect and analyze data and provide user-friendly interfaces to end users.
How much does an Insurance Programmer make?
There isn’t a set salary for programmers in general; it varies by your skill level, your employer, the industry you work in and many other factors.
According to Indeed, the average salary for an insurance programmer is $71,000 per year.
To give you a reference point, Glass door reports that an entry-level software developer makes between $50k and $60k annually
Who Needs an Insurance Programmer and Why?
The insurance industry is constantly evolving and growing. Today’s carriers are under enormous pressure to innovate, improve their business processes and provide the best possible rates to consumers. To do so, they often outsource specific projects to programmers with expertise in developing software for the insurance market, e.g., designing a custom app that collects customer data or automates a specific workflow.
Unlike an in-house developer, a contractor is not part of the company’s team and can be hired on a project-by-project basis. This model offers both the insurance carriers and programmers greater flexibility – while the carrier can benefit from access to top talent, only pay for what’s needed
How to Hire a Certified Software Developer for your Company
If you’re an insurance carrier looking for a programmer to help develop or improve an existing application, your first step should be to locate a software development company that can provide the necessary expertise and flexibility. Contact different companies to discuss the project specs and see which one is able to design the best solution for your needs.
Education Requirements for Becoming a Professional Insurer Programmer
According to payscale, software developers in general typically need a bachelor’s degree. In the insurance industry, experience and knowledge of the market are usually more important than formal education; however, you might want to consider getting certified as a programmer if you’re just starting out
To learn more about how to become an insurance programmer, visit the National Institute of Standards and Technology website.
How to Find the Best Coding Bootcamp for Insurance Programmers
Recently coding bootcamps have become popular, but there are still many misconceptions about them. Are they only for beginners? What are the pros and cons of attending a bootcamp instead of getting a college degree? How long will it take to get a job after bootcamp? These are questioning every potential student should ask before applying.
Job Opportunities for Insurers with Programming Skills
According to Indeed, the most common job titles for insurance programmers are “Software Engineer”, “Application Developer” and “Programmer”.
Besides writing code, successful software developers in the insurance industry also have expertise in one or more programming languages (e.g., C++, Java) and business intelligence tools (e.g., SAS, SQL Server).
Other Useful Skills for Programmers Who Want to Work in the Insurance Industry
You might not think of creativity as a necessary skill for programmers and software developers, but good solutions rarely come from following set rules. In this business it’s often about finding the best way to solve a problem with limited resources, while at the same time delivering a world-class product to your customers.
Ultimately, insurance carriers are people too – they want their mobile app or website to be intuitive and easy-to-use. This means that software developers in this field should have strong communication and interpersonal skills as well.
Salary Range for Professionals in this Field
According to pay scale, the median salary for insurance programmers
in the insurance industry is $65,000. The highest-paid professionals earn more than $90,000, while entry-level programmers usually receive lower salaries; again, this will depend on your skills and experience as well as the location of your job