Tuesday, 7 June 2016
career selection, a quick look on studing insurance.
WHAT IS INSURANCE? This simply means risk or the study of management of risk. As a discipline, it is sub-divided into three branches namely: Actuaries which is about wooking out premium that should be paid on life policies. it studies the probability of life and death while entering into life assurance policy with clients. Risk Management Analysis involves professional analysis to know hoe to manage such risk by advising clients on prevention of risk and Insurance Broking which is abouy marketing insurance policies and telling people the need and benefits intaking such policies. The essense of this course in the socio-economic life of people can not be over-emphasized. they adivise people i e clients on how to avoid risk. the insurance compainies help to cushion or reduce the effect of loss ehen they occure. Also insurance practitioners helps to boost the economy by investing in long term investment with the premium (money)paid by clients which gives them profit and through which they pay indemnity to venture into business activties with some degree of confidence. This course has been adopted by many universties and this account for why frw insurance expert eho are academically tranined have no cause fot regrets. On gradution, they work in many orgainsation,and establishment ad insurance officers since insurance has becomr an integarl part of a nation's economy. Banks, oil companies, power, telecommunications, aviation, cargo, manufacturing, insurance compainies,government ministries and parastatals etc. all need the services of insurance experts. Subject Required: Credit pass in English, Mathematics, Economics and any other two subjects. Personal Abilities: does not take unecessary risk, counsel mates onpossible outcom of intended actions, suggest practical solutions to emergency situation, Take right decisions and acts accordingly, Apititude for good salesmanship and Good business sende.
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