Looking for a career with a wide range of opportunities to explore? A career the insurance could be right for you, says Eric Galbraith
Economic growth and insurance go hand in hand. A world without insurance would be a more unstable and less developed place in which to live. Whether it is a headline-grabbing hurricane in Florida, a major employee fraud, the failure of a satellite or, on a more personal note, a burst water pipe flooding your home, not much, if anything, happens without the insurance industry being involved in the aftermath to help restore normality.
It is perhaps this very stability that undermines the insurance industry when it is looking to attract new blood to a career in the sector. However, potential recruits who think constancy must equal boring in the careers equation should reconsider. Everyone's personal and business life is made possible through insurance and it is because of this huge scope that I chose to follow a career in the industry, and the broking sector in particular.
Insurance brokers are professional advisers to individuals and companies, whose services include identifying and managing risk through risk transfer, including the purchase of insurance to ensure protection for assets and liability. When an incident occurs, the broker is also involved in assisting the client with handling any insurance claim against the risk carrier or insurer. Like many other areas within insurance or assurance, broking provides a wonderful insight into a wide range of businesses and an opportunity to understand the risks associated with it. You can also build strong and lasting relationships with your customers.
If you are soon intending to leave secondary school to find employment, or you are an undergraduate considering your next step upon leaving education, I hope that this publication will give you some useful pointers about what the insurance industry has to offer. The industry is also underpinned by first-class professional training for internationally recognised qualifications, should you wish to continue your personal development while you gain valuable work experience.
The variety of careers available is varied, ranging from clerical to management, general to specialist, customer facing to back office, owner to employee. What all these roles have in common is that they offer a wide variety of opportunities to develop your skills, which can lead to a rewarding career, for those willing and able to take up the challenge.
With great sadness we confirm that Sir David Rowland, our former Chairman from 1993 to 1997, has passed away. He played a critical role in safeguarding the future of the Lloyd’s market through perhaps its most difficult period.— Lloyd's (@LloydsofLondon) February 18, 2019
More: https://t.co/2cS2H7c8Tk pic.twitter.com/jzL5UnIx4x
- Employees of Call Connection file claim in ongoing administration
- Court throws out claim that would have created 'fraudsters' charter'
- Drivers in autonomous vehicles 'shouldn't be held liable'
- Theft of funds claims increase by 14% in UK
- Ageas UK CEO Andy Watson issues caution on Brexit claims inflation impact
- Axa UK shifts focus to commercial as it makes profit
- Former Lloyd's chairman Sir David Rowland passes away