Insurance job search ; made easy.
100+1+1+….. Efficient people wanted.….
The insurance sector is growing at an alarming rate. The privatization of the insurance sector has brought a different shape to the industry. This massive growth rate has resulted to numerous job openings and recruitment in this field . Thus, for the insurance sector to advertise for “efficient people wanted” is also on a rise. Who knows, it can work out to be the most challenging and the best option to build up your career ? Then why so late ?
Let’s get introduced to the openings of the insurance industry right away……
- Actuarial : Actuary is the core of an insurance business. According to K.P. Narasimhan , “Actuaries are the problem solvers in insurance”. The Actuaries compute mathematical and statistical problems and fixes premium rates for new products. They also revise both prices and products. This is considered one of the most prestigious positions in the insurance industry.Efficient and qualified actuaries are in great demand. There are a very few actuaries in this field. The UK and the US Institutes of Actuaries are highly respected the world over.
- Underwriting: The function of the underwriter is to assess the business risk. Mainly the underwriter looks after the risk management system in the general insurance. Normally this post is offered to people having medical or science background.
- Operations: With the rise in insurance, network and database professionals would be in high demand. So would be the requirement of software professionals.
- Investment: Many professionals have already charted a career in this field. These professionals will find takers in the insurance sector too, since, like banks and mutual funds, an insurance firm will need people to manage its assets.
- Marketing and distribution: According to Peter B. Crane, chief marketing officer, New York Life, “Insurance is a push product and marketing plays a key role here.” So, with the growth of the insurance industry, the requirement of the marketing and distribution becomes more and more important. This generates the requirement of more and more skilled people.
Category: 
February 11, 2008
Horaayy..there are 6 comment(s) for me so far ;)
The blog is really a good piece of information on the positions of importance held in the Insurance Sector. It throws light on the different working aspects for the people outside this industry. The whole of the Insurance Sector is a rising industry in itself, as more and more individuals are coming forward to insure their lives and property, and any information provided will be of immense help. Looking forward for more!
Nice post ..:)
somewhat off-topic..
yet very informative
This information is very valuable and I think It can help a lot of people to build their financial career.
Thanks for the informative post.
I would like to congratulate the author for her hard work of putting all the pieces together.
Life insurance being the oldest form of insurance, has trudged a lot over the past decade in order to segregate its services across the globe. With the diversification of different Life insurance products, it has become increasingly difficult for the brokers to sale its traditional form of late. Insurers have taken great courage to bifurcate the Whole Life coverage into Term Life & Senior life coverage. With the Term life version of Life insurance, consumers are finding it easier to renew the policy as per their financial strength, while the senior citizens have a good option to sale off their policies through the senior life version. This diversion of premium structures are generating new hopes for even the older agents, since the prime benefits are retained with their original goodness.