Insurtech Jobs - What Are They and How to Get One

By ZipRecruiter Marketplace Research Team

Insurtech jobs focus on the engineering of software and hardware, the collection and analysis of data, the implementation of cybersecurity, and the development of apps for insurance companies. The duties of IT and software professionals in the Insurtech industry depend on their area of specialization. The responsibilities of a data scientist, for example, revolve around analyzing data that they collect from smartphone apps, tracking devices, and wearables. Hardware and software engineers create these devices and apps and develop their data collection capacity and user interfaces. Software and web developers work on insurance sites and e-marketing tools for insurance companies.

The qualifications and skills needed to get an Insurtech job depend on your area of specialization. Software developers and hardware engineers typically need a bachelor’s degree or higher in computer science, software engineering, or a related computer or engineering field. Cybersecurity experts can study computer science or earn a specialized degree in cybersecurity or information systems management. Data science experts can likewise study computer science, though many focus their undergraduate and postgraduate studies on mathematics or statistics.

Insurtech refers to the new and emerging technology and devices that the insurance industry uses in its operations. These tech tools include smartphone apps, data collection devices, online policy tools, claims apps, and even wearable devices that track movements for health insurance purposes. The goals of these products are to make data collection more manageable, to increase the efficiency and security of insurance operations, and to give consumers the most accurate prices and coverage available. A company in the insurtech industry relies on programmers, analysts, back- and front-end engineers, and others to work on these new insurance products.