Compliance, Governance and Risk Management in Insurance
By Insurance Institute of India
Insurance officer
About
If you haven’t considered a career in insurance, you’re probably missing out on a great opportunity. Insurance utilizes a wide variety of skills - from actuaries to analysts to marketers and sales, the insurance industry certainly has something on the table for everyone. According to IBEF, the overall market size of the insurance industry in India is expected to be USD 280 billion. With a robust demand, increasing investments and government support, the industry is surely going to keep growing in the coming years.
Education
License
by the Insurance Institute of India
Bachelor's
Any undergraduate degree recognized by the Govt. of India
Master's
MBA in Insurance and Banking
Skills Required
Job Prospects
- Audit and Risk Manager
- Insurance Agent
- Insurance Analyst
- Actuary
- Insurance Underwriter
Salary / Annum
350,000
Fresher750,000
Average1,700,000
ExperiencedCities Data
Jobs Outlook
- Insurance is there to stay as long as people continue to own houses, run businesses and require medical care. This leads to greater job security.
- Commission is one of the most important parts of this business and can be as high as 35% for life insurance. The better one performs, the higher one can earn.
- Employment of insurance brokers and sales agents is expected to grow 9% by the year 2024.
- Insurance work is not highly demanding and is suitable for anyone looking for a good pay with work-life balance.
Promising Profiles
K R Ashok
Chief Actuarial at LIC
Geetha Sharma
Senior Business Analyst at Exide Life Insurance
