Insurance

As the population ages and wealth grows, it is predicted that, the demand for Indian Insurance Professionals will increase dramatically.

During the past several years, the business of life insurance has flourished so much that the Insurance Business is being considered to be one of the most rapidly developing area in the financial sector.

Future demand for Insurance Personnel depends largely on the volume of sales of insurance and other financial products. Sales of health and long-term-care insurance are expected to rise sharply. In addition, a growing population will increase demand for insurance for automobiles, homes, and high-priced valuables and equipment. As new businesses emerge and existing firms expand their insurance coverage, sales of commercial insurance also should increase, including coverage such as product liability, workers' compensation and employee benefits.

Career Opportunities
Insurance offer careers ranging from product liability insurance to financial planning services. A career in insurance can mean many different things, like :

Actuary
Actuaries use their analytical skills to predict the risk of writing insurance policies on property, businesses and people's lives and health.

Agent and Broker
Agents and brokers advise people and organizations on how to protect things they value by selling customers insurance contracts.

Claims Adjuster
Determines the extent of damage when an accident occurs and whether the damages are covered by the insurance policy. Arranges for repairs and is responsible for reaching settlements that are fair to both customers and the insurance company.

Service Representatives
Service representatives are the link in the field between agents who sell policies and insurance companies who write the policies.

Customer Service Agent
Serves customers on a day-to-day basis in the agency by helping to keep policies and coverage up-to-date.

Loss Control Specialist
Helps to keep accidents and losses to a minimum by examining work areas, looking over machinery and recommending safety procedures.

Risk Manager
A risk manager is employed by an organization to help identify the risks that it faces and to make recommendations for dealing with these risks.

Underwriter
Underwriters decide whether to provide insurance to applicants seeking coverage. An underwriter evaluates an applicant's exposure to risk and decides whether an applicant meets an insurer's standards.

Eligibility
Employers look for graduates who have majored in business or economics. Plain graduates are are occasionally hired if they have proven sales ability or have been successful in other related occupation. With computers now used to keep records, generate reports, and track maintenance, employers are increasingly requiring computer proficiency.

Applicants with a Post Graduate degree/diploma in insurance, finance or business administration enjoy the best job prospects.