Analysis

Opinion: ‘Industry’ versus ‘profession’ – are we selling ourselves short?

By 2024-11-14T09:00:00

industry, profession

Editor Katie Scott digs into the differences between these two descriptors and explores which best defines insurance

My career as a journalist and yours in insurance perhaps have more in common than one would expect.

Primarily, both of our day jobs are very focused on language. Reviewing business interruption policy wordings at the onset and height of the Covid-19 pandemic is a prime example here, demonstrating the power that a particular choice of words can have and the nuances or connotations they can convey.

The same thinking can be applied to the use of language to define our sector – if indeed we should be called such. For example, market practitioners have recently been debating whether we should be termed as an “industry” or a “profession”.

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