Jobs in Insurance

This is the sector which is growing rapidly at faster pace in the country. Insurance analysts say India has a huge potential for this sector. This is the reason why India has practically witnessed many private foreign insurance players and many joint ventures between Indian companies and foreign ones in the recent past.

This has happened since the government of India has allowed and restricted the foreign direct investments (FDI) in insurance sector in our country. However the government has put a ceiling limit 60% of foreign investments in this sector in India.

As per the Insurance Regulating Authority of India (IRDA), the one and only insurance regulating body in our country, our country now has a total of 22 private players and only one public player which is LIC of India. Believe it or not, the annual revenue of LIC accounts to 26% of government’s total annual revenue. Such huge success was Life Insurance Corporation of India.

There are about 8million agents for LIC. Apart from the insurance companies, emerging now are brokerage firms which aid those firms in increasing their business by increasing their customer strength. These brokerages collect the information from different customers through online and analyze their (customers’) situation and suggest a best policy for them and then sell those insurance policies suggested to them. They (brokerages) even sell the policies by providing the customer information to agents and there by gaining the commission from those agents. These brokerages are different from the agents; the agents will be biased to a particular company where as the brokers are unbiased to any (insurance) company and they provide genuine feedback to their customers. Continue Reading

As a newly qualified professional looking for insurance jobs in Ireland, you are sure to be gripped with both excitement and anticipation- excitement at starting a new career in a new industry and anticipation at being able to make the right choices at the right time.

Career Choices

As you are no doubt aware, there are a number of avenues now open to you. You have been trained and equipped to take on one of the many insurance jobs Ireland, but as yet, you may not be cent percent sure about exactly what kind of role you want to take on. There are many choices to be made in this aspect and no doubt you don’t want to take a wrong turn at the very start of your career. For instance, you may be divided in your opinion on whether to take the plunge and take up a permanent job or whether to take up temporary positions to find out for yourself which is the ideal position for you.

Expert Guidance

What you need right now is expert guidance. You need the advice of someone who is not only experienced in the field of insurance, but is also aware of the market trends in the industry and the scope of each job role within it. You need the unbiased opinion of someone who has no vested interest in which of the many insurance jobs Ireland you choose for yourself. Continue Reading

The insurance industry is continuously growing. More and more innovative packages are being developed to suit a specific customer’s insurance needs and preferences. A very stiff competition exists within the industry as people are starting to realize and accept the necessity of having the right kind of coverage for their well-being as well as that of their family and properties. In some parts of the country, no one can drive around without carrying a specific amount of coverage that provides not only for the driver himself but for all other people and properties that are affected in case of an accident.

Getting a job in the insurance industry might seem like a hard task. However, if one comes around ready and prepared, it cannot be too much to handle. Here are some useful things to take note of when aiming for a job in the industry.

1. Do your research – One of the basics when applying for a job is to conduct a thorough research about the job as well as about the company itself. This is the best way to be prepared for what comes ahead, whether it is an interview or an exam. The company’s representative expects the job applicants to be responsible enough to learn more about the organization and its line of business. In addition to that, one should also be equipped with knowledge about the position, the tasks involved in the job as well as what the company expects out of the person taking the job.

2. Know what you want – No company is going to waste its resources on someone who is not capable of bringing in back its investment. Hence, it is a must for the company’s recruiting personnel to determine what an applicant intends to do career-wise and what one can do for the organization. During the application process, it is not only an evaluation of one’s skills and abilities and their relevance to the job. Another thing taken note of is the applicant’s overall personality as well as outlook in life. An individual who knows what he wants for himself is going to earn the respect and trust of the people in the organization.

3. Be prepared – Being completely prepared for an exam or interview is also a must if one wishes to land a job within the insurance industry. This involves dressing up smartly and respectably as well as acting confident enough when meeting up with the company’s representatives.

4. Have your answers ready – Just like when applying for a job in any other companies, there are the basic questions raised by interviewers during a job interview for a position in an insurance company. They say spontaneity is the best asset in delivering jokes and funny acts, but when it comes to landing the job of one’s dreams, nothing beats having the answers ready on hand. It adds credibility and professionalism as well if one provides the answers fluently and coolly. Continue Reading