Insurance sector is growing rapidly and many people are making good career in the field of insurance. Insurance sector has witnessed an exceptional growth with the introduction of many new private companies in the field. Initially there were limited government companies and hence limited job opportunities. But with the introduction of private companies in this sector, the job opportunities have increased greatly. This has also given rise to the introduction of better insurance coverage plans for competing in the field with the insurance companies. It is the best career choice for the job seekers today. When applying for the jobs in this field, your insurance resume objective should clearly show your willingness and desire for working in the position.
Insurance is the financial agreement between two people or parties known as insurer and the insured. Insurance is required to protect the insured against certain risks. Initially there were very few companies in the business but as people came to know about the importance of the insurance and its benefits, many new companies emerged. To compete with the established brands and newly emerging companies, these companies began to provide numerous insurance benefits and introduced different plans according to the need of the person. With these numerous companies in the market, job opportunities have gradually increased for deserving candidates. If you are willing to make your career in this field, this is the right time to choose your path. You need an insurance resume describing your objective and enthusiasm for working in the particular position.
Career in Insurance
There are various positions in the field where you can work and make a career. Some of the important positions in insurance sector are:
Insurance Agent
People selling the insurance policies are known as insurance agents. These agents sell the insurance policies to the needy people. They work for the insurance companies. These agents provide all the necessary information and clear all the doubts and queries of customers regarding the insurance plans and policies.
The minimum qualification required for working as an insurance agent is HSC pass or even 10th pass in rural areas. The agent should have completed 18 years of age. People willing to work as insurance agents have to pass the pre-recruitment test conducted by Insurance Institute of the country.
Some institutes offer training courses for the candidates. Some private companies are providing in-house training to the agents on their specific product. Apart from these basic qualifications, an insurance agent should possess number of transferable skills. As these agents have to directly deal with the customers, they must have excellent verbal communication skills, strong problem solving ability and decision making skills. They must be able to clear all the doubts of the customers and convince them to buy the product. Good command over English can be an additional advantage and can help you a lot in convincing the client.
Actuary
There are a variety of job positions in the field. Actuary is one such position of great responsibility. Actuaries are the people specialized in performing the calculations of investment finance and insurance. Actuaries advice the companies about the risks involved in the investment and guide them to overcome or reduce this risk. They have to match the financial assets and liabilities of the company.
For working as an actuary, it is important to possess a degree in mathematics, statistics, economics, business or finance. You can also get the postgraduate certification or a diploma certification in insurance.
Underwriters
Underwriter is the person who reviews the insurance application and decides whether it should be accepted or rejected. He makes this judgment depending on the risk involved in insuring the person or object. They explain the policies and quote the rates to the medical personnel and insurance companies. People those have some medical background are preferred for this position.
Insurance Surveyors
Insurance surveyors investigate the estimation of losses. These surveyors need to survey the situation and evaluate the losses when the claimant claims compensation for loss of person or property.
Insurance Resume Objectives
Now you know about different opportunities in the field of insurance and how you can grab these opportunities? You need a resume targeting the particular position you are applying for. Your career objective statement should convey your skills and qualifications clearly to the employer. Going through your objective statement, they must understand that you are the most suitable candidate for this job. Here are some examples on writing the objective of insurance resume.
Example 1:
During my career of 6 years, I have undergone many business deals and insured number of clients. With the excellent interaction skills, I hold the record of insuring maximum number of people in a day. I would like to utilize these skills to benefit the company and, in turn, learn more beneficial skills
It is clear from this example that employer will get complete idea of your skills and experiences going through this part. Such impressive career statement will force the recruiter to go through your resume and call you for the interview.
