МИНИСТЕРСТВО ОБРАЗОВАНИЯ САРАТОВСКОЙ ОБЛАСТИ ГОСУДАРСТВЕННОЕ АВТОНОМНОЕ ПРОФЕССИОНАЛЬНОЕ ОБРАЗОВАТЕЛЬНОЕ УЧРЕЖДЕНИЕ САРАТОВСКОЙ ОБЛАСТИ «СЕЛЬСКОЗЯЙСТВЕННЫЙ ТЕХНИКУМ ИМ.К.А.ТИМИРЯЗЕВА»

«Insurance specialist is the best job in a long term perspective»

                                 Автор работы: студента 3 курса    

                                   Специальность «Страховое дело»

                                         (по отраслям) Грачева Елизавета.

                              Руководитель : Шлеина И.И

Introduction

Let me introduce myself.  I’m Elizaveta Gracheva.  I study at the college, at the insurance department. But I don’t want to name my future profession. Try to guess.

Some of my friends think that my future profession is boring, but they are not right. The stale and boring reputation that existed decades ago, still exists today in the mind of some people. But now this industry is rapidly changing.

I know  it is a broad industry, and it covers different fields. My future job is a client-facing, which means strong communication skills are essential. As a future specialist in this field, I understand it is important to provide flexible, practical solution people’s needs.

Can you name my future profession? Not yet?

 Simply speaking, the chosen profession    is a protection against the risk of loss, primarily financial loss. It covers nearly any aspect of life, including your home, your automobile, your health, your income… the list is endless.

Have you already guessed what am I speaking about?

You are absolutely right. As you may have already guessed from my description, I’ll be a specialist in insurance industry.

Chapter I.

What is an Insurance Specialist?

The name speaks for itself – An Insurance Specialist deals in insurance, ensuring risks is being managed.  In traditional wealth management, risks is often viewed as insurance against death.  Today, risks has becoming increasingly complex.  Tax risks, business risks, investment risks are important risks that clients, banks and wealth management service providers look at.

An Insurance Specialist provides risk management advice to clients and wealth managers.

Examples of risk management are:  Death, accidentals, emergency needs, cashflow needs, investment, credit, loan defaults, family, business and tax risks.

What are the products an Insurance Specialist work with?

There are many products under risk management:

Basic Products: Term Insurance, Whole-life Insurance, Endowment, Investment-Linked Policies

Advanced Products: Universal Life, Key-man Insurance, Mortgage Insurance, Company Formation, Trust Services

Insurance Specialist work closely with team members such as Wealth Managers, Investment Advisors and Loan Specialists.  Understanding the financial needs and wealth solutions implemented, the insurance specialist provides

Chaper2. Research Objectives

This research study was developed to examine factors that affect  students when choosing a future profession in the insurance industry.

1. The first objective of this research project was to determine the most influential factor in choosing a career?
2. The second objective of this research was to determine if the location  of the  college played  a role in choosing a career?
3. The third objective of this research was to determine the career opportunities in insurance.
4. The fourth objective of this research was to determine whether students plan to work in the field of study?

5. Finally, students were asked to name 6 skills for success in your insurance career.

Chaper3.  Survey Results for each Objective

Out of the 48 students surveyed, 40% were female and 8% were male.

Objective 1:

 The factor that most influenced students’ choice of choice of profession was family, with 47% of students choosing that response. The next most important factor in choosing a profession was a career that is college visit  (21%). The other 32% of students indicated that job opportunities, teachers,  friends, teachers were the most influential when choosing a future profession .

Objective 2:

52 % of students answered that location of the college  had played a role in students’ choice of a career path.

48%  of  respondents confirmed that there was no significant relationship between the location of the college and choice of a career .

Objective 3:

When asked whether the opportunities of a career in insurance are excellent, good, fair, limited, or not good, 39% of students believed that career opportunities in insurance were excellent. 48% believed the opportunities were good. 12% -fair, 8% - limited, and 3% -not good.. The results of this study show that students have a positive outlook on their futures in the insurance field.

Objective 4:

Students were optimistic about job opportunities; 75% of the students believe that they will work in their area of study. 21% of the students  are sure that they won’t

work in the insurance industry. And 5% of the students found it difficult to answer.

Objective 5: Name 6 skills for success in your insurance career.

Students named the following skills for success in the insurance career.

Chapter 4: Conclusion

The Russian insurance market, like the country itself has huge potential and again like the country, under the surface the insurance industry is making progress.  The recent rescue of Rosgosstrakh by the Central Bank has addressed one of the key problems of the market and will allow the former market leader to slim down and will also bring stability to the market.   The Central Bank is accelerating its reforms and they are beginning to make a real difference in such underdeveloped areas such as commercial property and liability insurance, life insurance and medical insurance.  A more professional better regulated industry made up of stronger companies is developing and overcoming the barriers to growth. This is good news.

References :

https://www.prospects.ac.uk/job-profiles/insurance-underwriter

https://talentegg.ca/incubator/2014/04/21/6-skills-found-in-successful-insurance-applicants/

https://www.mymajors.com/career/automotive-master-mechanics/skills/

https://www.quora.com/Do-insurance-AO-jobs-give-a-promising-career

https://www.caproasia.com/2015/10/22/what-is-an-insurance-specialist/