Introduction
Embarking on a career in the insurance industry opens doors to a world of possibilities, with distinct verticals offering unique career opportunities. In this blog, we’ll explore the rich landscape of insurance careers, spanning agency Direct Channel, Banca, Agency Channels, Front Line Sales (FLS), and Non-FLS roles, providing you with a comprehensive guide to navigate your professional journey. Intellismith, a leading HR Tech Hiring company with expertise in BFSI & IT recruitment, recognizes the immense opportunity in the insurance sales domain.
Career paths available in Insurance Industry
Sales Vertical
Agency channel
An agency channel in the insurance sector is a distribution system in which insurance products are marketed and sold by independent agents or agencies. These agents serve as an interface between insurance companies and potential policyholders.
Direct Channel
The direct channel involves selling insurance policies directly to customers without the involvement of intermediaries. The direct channel has become more popular in this digital age by utilizing technology and online platforms to reach a larger audience.
Bancassurance Channel
Bancassurance involves the collaboration between insurance companies and banks to distribute insurance products. This channel capitalizes on the extensive reach and trust associated with banking institutions.
Insurance Broker Channel
As the front line of the industry, insurance agents or brokers connect clients with suitable coverage.
Training Department
To provide IRDA and insurance product training to all the channels of life insurance agents and sales manager
Operations Vertical
Underwriter
Assess insurance applications to determine suitable premiums and risk levels.
Claim Process Team
Investigate insurance claims to determine their validity and settlement amounts.
Risk Manager
Assess and mitigate potential risks for businesses or individuals.
Customer Relationship Manager
Provide assistance and support to policyholders, addressing inquiries and concerns.
Human Resource Department
Develop and execute marketing strategies for insurance FLS and Non FLS roles
Product Management Vertical
Product Management
The Product Team focuses on creating and designing life insurance actuaries.
Marketing Department
Meanwhile, the Marketing Team is tasked with financial planning to provide incentives, rewards, and recognition. Additionally, they play a key role in logo creation, advertisement development, and the design of promotional trips. The Marketing Team is also responsible for the successful launch of new products.
Front Line Sales (FLS)
Non Front Line Sales (Non FLS)
Making your way through the job search can be difficult if you want to work in the insurance industry. This is where intellismith steps in. Being a well-known recruitment & outsourcing firm, Intellismith focuses on matching qualified individuals with positions across multiple sectors including Insurance, NBFC, Banking and IT. Intellismith has tie up with all renowned insurance companies and this network serves as a valuable starting point, opening doors to a diverse array of career opportunities.
