Workers Comp Audit Stress Reducer
Use It For Your Next Premium Audit

Insurance Designation Importance – Now Best Time To Attain


Insurance Designation Importance as Market Changes

In the near future, if not now, insurance designation importance will likely increase due to changing insurance market conditions.

Within the last two months, I published an article on how the insurance job prospects were sunny after analyzing the open insurance jobs on LinkedIn.    Insurance carriers then began to pull out of certain states such as California. The venerable Allstate quit underwriting homeowners’ policies there in June (actually earlier).

Chart of trade balance shows insurance designation importance
(c) US Census Bureau

Real Life Example

The market looks to be changing quickly with the recent insurance carrier layoffs that would not have seemed possible last year.    Earlier this week, I covered what happens when one huge carrier decides to eliminate 11% of its workforce. I emailed three people that I knew who worked there.   The two that had designations are still there.

The person who had no designations, but had many years of experience is now no longer working for that carrier due to the recent layoff.  They expressed to me the insurance designation importance as it may have trumped years of experience.

No, I am not saying that having designations makes a person smarter.  I am saying that when it comes down to the C-level insurance executives deciding who stays and who goes – insurance designations may end up putting you ahead of your competitors.  Even if you suffer a layoff, the insurance designation importance will be tantamount to finding new work.

How do I know about these decisions?  I used to make them or served on a committee on who to hire when building a TPA claims department.

Many articles have appeared on this website centered on acquiring insurance designations.   Use the search box with the word designation and you will see a list of articles.

As a side note, updating your LinkedIn profile is another suggestion.  I need to do that myself as my profile needs updating.

Insurance Designation Importance – Check Your HR Manual

Many companies will reimburse you completely or partially for passing insurance designation coursework.

Bonus – Many states count insurance designation classes as heavy CEUs on your insurance license.




James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


Get the latest workers' comp news FREE!

This field is for validation purposes and should be left unchanged.