By Admin on Oct 7, 2019
Today, the insurance sector offers excellent employment opportunities. Besides Government organisations, several private insurance companies have entered the insurance market, and it has drastically increased the demand for professionally qualified personnel.
PG Diploma in Insurance Management offers a multi-faceted world of insurance management and trains the prospects on the growing interplay between insurance, risk and financial services.
So to embark in this field sound knowledge in data interpretation, commerce, statistics, computers and English is desirable, in addition to an in-depth understanding of money, financial markets and insurance business.
Listed below are some of the career opportunities for prospective career seekers in the insurance industry:
Career Opportunities in Insurance Management
Asst. Manager Finance
Financial managers take care of the company's finances. After PGDIM, a branch is allocated to analyse clients, fetch new clients and grow the branch's revenue.
Business analysts analyze the market, look for avenues of new opportunities and at the same time also determine the risk involved with venturing into uncharted territory.
An actuary analyzes the risk involved with the application of a particular solution and gives his/her final approval.
Fund management is one of the most popular career options after PGDIM. Fund managers' primary role is the investment of funds with care and caution. They need to keep track of where they have invested their funds and also look for new avenues that are risk-free.
Other popular career opportunities are as follows -
- Insurance Consultant
- Business Development Manager
- Insurance Agent
- Development Officer in an Insurance Organisation
- Insurance / Composite Agents
- Insurance Surveyors
- Insurance Underwriter
- Investment Professionals
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Any company or firm that needs advice on insurance and the related topic has a need for management graduates who specialise in insurance. So here are the top recruiters:
- ICICI Bank
- SBI Life Insurance
- Max New York Life
- Birla Sun Life
- Tata AIF Life
- Shriram Life Insurance
- Bajaj Allianz
Both government and private companies offer employment in this sector. However, starting salaries vary according to designation and organisation.
The commission is one of the most important parts of the insurance business. Both government and private employees’ commission along with basic pay for performance in work. The better one performs, the higher the commission one earns and the chance to go up in the corporate ladder also increase. Hence, it's an outstanding career choice for those who can prove their worth.
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