Jobs in Insurance Company

Jobs in Insurance Company

An Insurance Company usually recruits persons for the following departments

Underwriting

– The person for underwriting must have sound technical knowledge about the insurance field. Depending upon the stream they choose they may join life or no life insurance company. In life insurance, the person must have sound knowledge of life insurance underwriting practices. In no life, there are many branches like Fire, Marine, Motor, Miscellaneous. It will be better if the candidate has exposure to all the areas so that he may work in any department.

 Administration

-In Administration, the person is not supposed to have high technical knowledge but if the candidate has the technical knowledge it will be in a better position to handle various departments. Since all the activities of insurance companies are being computerized it is a must to have good computer exposure.

Marketing

-The candidate must possess excellent selling skills. A product cannot be sold without knowing it well. So having technical knowledge will help.

Accounting

-One must be aware of accounting practices in the insurance field. A degree in accounting will be better

Claims

-As is underwriting the claims officer must also be well versed with the technicalities of the insurance field. Afterall the profit or loss of the company is dependent on claims settlement.

Legal

– The candidate will have to look after the legal formalities of the insurance companies. A degree in law is a must. Additional knowledge of insurance will help.

Training

– A company regularly conducts training programs for its agents and officers. Persons are required to co-ordinate the training sessions and keep liaison with the branches and training institutes.