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Importance of Professional Insurance Education!
Most of the professional qualifications require the designees to continually remain up to date and updated on the most recent developments and trends in the industry. This helps the professionals to serve their customers better and do their job well. Apparently, the insurance industry was a laggard in realizing the need for continuing education in this continuously evolving sector. However, with newer emerging risks and the ever-changing technology landscape, it has become the need of the hour for an insurance professional to remain up to date on his knowledge through continuous education and training. Here are some of the top reasons how continuous learning can help you as an insurance professional.
• Gain trust and confidence
Insurance professionals who are well updated on the recent developments and advancements in the industry can easily gain the trust and confidence of their juniors and superiors in the organization. People recognize the importance of professionals who have attained industry-recognized qualifications and understand that people who have them have a better understanding of the subject over others. Industry recognized qualifications and designation tell much more about a person than just those initials after their name. The professional qualifications help a person relevant in the industry and provide further opportunities for development.
• Achieve career goals
There are several courses available for an insurance professional for knowledge advancement and career progression. Employers across the industry realize the importance of these qualifications and the employees who attain these qualifications have a definite edge over others. As per The Institutes® which offers premier CPCU (Chartered Property and Casualty Underwriter) designation,”87% of the CPCU designation completers who have worked in risk management and insurance for more than 10 years said this designation helped them achieve their career goals”. It is very common for recruiters to look for candidates who possess relevant professional qualifications. Employees who hold professional qualifications and degrees have a professional standing in the industry and are more respected and recognized in their field of specialization.
• Serving the customer well
These days we have professional designation courses available to cater to the needs of different knowledge and experience levels. So, whether it is a new entrant or an experienced professional there is a program available for them to improve their knowledge further and sharpen their customer service skills. Most consumers prefer to do business with professionals who hold the industry-recognized professional qualifications. The customers feel highly confident in dealing with an educated person as it assures them that they will be receiving professional advice and services. The Chartered Insurance Institute (CII), London and The Institutes (formerly AICPCU) offer several courses in the field of underwriting, claims, emerging risks, cyber risk and customer servicing that helps a person in developing essential knowledge and their technical capabilities required to do their job well.