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Insurance Sector- Investment management, Marketing and Distribution and Third Party AdministrationInsurance is the new buzzword for job aspirants especially with the advent of a large number of insurance companies entering the Indian market. There are plenty of opportunities in various fields within the sector depending upon educational qualifications and experience. The success of insurance companies to a great extent depends upon their solvency ratios and the kind of investment they make based on premiums collected from insured persons. Thus the investment operations of insurance company is a very old but important function, given that insurance business is 300 years old and because an insurance company collects a lot of funds, they need to be invested wisely without jeopardizing public security. Every company has a few investment experts who will guide the operations, most of which may done by asset management companies where a lot of opportunities exist for professionals. MARKETING & DISTRIBUTION In the marketing area the potential is unlimited. The insurance business in India is yet to grow to its full potential as still insurance penetration is pretty low. The requirements for agents or advisors who operate in th field is enormous and compensation is directly linked to the amount of business they bring for the company. A number of agents are earning very handsomely based upon their good performance. Since there are a large number of agents working in the field and bringing business for company, there is a also requirement for marketing managers and agency managers to guide, motivate and supervise them. More and more people are needed in marketing because it brings money for the company.
THIRD PARTY ADMINISTRATORS The other options are in health management as third party administrators, as well as back office processing as IT industry does for information technology i.e operations of other insurance companies worldwide could also be done in India. There are frauds in insurance, insurance investigation could be another choice for occupation, and call centers are also becoming a big business for marketing of insurance products, so that too could be an innovative career in the insurance industry. Job Prospects Openings are available to graduates also in the field and starting remuneration is in the range from Rs. 15000/- and more. One can join the sector as a fresher and gain experience as well as qualifications while working in the sector. The openings are only increasing and this is the best time to be a part of the success story of the great Indian insurance sector.  ADD THIS TO YOUR SOCIAL BOOKMARKS
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