Introduction :
The Insurance class offers a wide range of opportunities for students and grads to explore. If you study insurance, you can become: insurance actuary, insurance adjuster, insurance adviser, insurance agent, insurance agents supervisor, insurance analyst, insurance and accounts receivable coordinator, insurance appraiser, insurance attorney, insurance auditor, insurance biller, insurance billing clerk, insurance broker, insurance checker, insurance claims adjuster, insurance claims clerk, insurance claims processor, insurance clerk, insurance commissioner, insurance consultant, insurance counselor, insurance customer service representative, insurance examiner and insurance examining clerk.
Class of Specialization: Commercial/Business Studies
Relevant Core Subjects: Mathematics, English, Accounting, Commerce, Economics
Personality Traits/Skills:
He/she must be results oriented, analytical, attention to detail and have interpersonal skills.
Job profile/Duties:
They analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. They ascertain premium rates required and cash reserves necessary to ensure payment of future benefits. They review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. They report overpayments, underpayments, and other irregularities. They confer with legal counsel on claims requiring litigation. They investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. They correspond with or interview medical specialists, agents, witnesses, or claimants to compile information; and calculate benefit payments and approve payment of claims within a certain monetary limit.
Where to work:
Insurance companies, brokerage firms, accounting firms, banks, government establishment, etc.
No comments:
Post a Comment