Insights on Insurance Adjusting and Success

Sep 17, 2024

Lecture Notes on Insurance Adjusting and Designations

Introduction

  • Discussion on enabling certain features on a platform.
  • Mention of various participants and greetings.
  • Reflecting on missing colleagues on a previous Friday.

Being an Adjuster

  • Running for Adjuster of the Year is significant.
  • Stepping out of the comfort zone as an adjuster.
  • 100K is the floor, not the ceiling for earnings.

Achievements and Designations

  • Recent acquisition of AIC designation (Associate in Claims).
  • Importance and impact of being AIC designated.
  • The power and respect associated with industry designations like AIC and CPCU.

The Role of Third-Party Administrators (TPA)

  • Explanation of TPA firms and their functions.
  • TPAs manage self-insurance for various companies (Amazon, Costco).
  • Companies use TPAs to handle their claims process efficiently.

Career Advancement and Designations

  • Designations can facilitate movement into management roles.
  • The significance of having alphabets (designations) after your name in the industry.
  • CPCU holds more weight than a Master’s degree in certain circles.

Industry Gatekeeping

  • Challenges in gaining access to information about industry designations.
  • The conference experience highlighting the lack of openness from industry insiders.

Strategies for Success

  • Importance of networking and building relationships in the industry.
  • Staying focused and maintaining a positive mindset.
  • Continuous learning and investment in personal growth and education.

Resources for Aspiring Adjusters

  • Mention of a book titled "Adjust Your Way to 100K" for aspiring adjusters.
  • Importance of getting the right training and certifications.
  • Overview of available courses (Auto Boot Camp, Desk Adjusting, etc.).

Upcoming Opportunities

  • Announcements of upcoming classes and training sessions.
  • Encouragement to join the Insurance Adjuster Network for support and opportunities.

Conclusion

  • Emphasis on personal growth, cultivating positive energy, and self-affirmation.
  • Reminders of the potential and opportunities within the field.

Final Remarks

  • Encouragement for community members to stay motivated and keep striving.
  • Gratitude expressed towards the community and participants in the industry journey.