Insurance Management Associate Program (IMAP) - Page 3 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Insurance Management Associate Program (IMAP)

Reply
 
Thread Tools
  #21 (permalink)  
Old 29-03-2020, 07:53 PM
Verified Member
 
Join Date: Mar 2020
Posts: 19
COVID-19 is on a distinguished road
Default

I joined an Insurance MAP at the largest insurance company in Singapore.
IMO, it sucks and if I had another higher paying job offer, I wouldn't join.
1. They force you to organise events, do saikang.
2. You get **** rotations and don't get the dept you want after you "finish" the rotations. During your rotations, you get saikang since nobody wants to teach you as you're only there for 6 mths and not likely to come back to their dept.
3. Favouritism. Only one of your fellow MA will get to go overseas, get 50% increment eg.
4. Exams are hard for me because I have 0 interest in studying/memorising life insurance underwriting/claims, and no time (because of the events). Anyway, it's also not a useful cert to begin with.
Surprisingly, alot of NTU 1st class honours joins the IMAP. I'm a 2nd lower but have good internship experience/OA level results.
I have left the industry luckily and am now working in our financial regulator with a much higher pay. Soon, will be enrolling in US for a masters with scholarship.



SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #22 (permalink)  
Old 29-03-2020, 08:53 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by COVID-19 View Post
I joined an Insurance MAP at the largest insurance company in Singapore.
IMO, it sucks and if I had another higher paying job offer, I wouldn't join.
1. They force you to organise events, do saikang.
2. You get **** rotations and don't get the dept you want after you "finish" the rotations. During your rotations, you get saikang since nobody wants to teach you as you're only there for 6 mths and not likely to come back to their dept.
3. Favouritism. Only one of your fellow MA will get to go overseas, get 50% increment eg.
4. Exams are hard for me because I have 0 interest in studying/memorising life insurance underwriting/claims, and no time (because of the events). Anyway, it's also not a useful cert to begin with.
Surprisingly, alot of NTU 1st class honours joins the IMAP. I'm a 2nd lower but have good internship experience/OA level results.
I have left the industry luckily and am now working in our financial regulator with a much higher pay. Soon, will be enrolling in US for a masters with scholarship.
That's what all MAs do. Above and beyond the job scope. What did you think you were signing up for? You sound like you can't handle your job, can't self learn, have poor time management, and poor attitude. You are the epitome of an entitled fresh graduate. GROW UP, STRAWBERRY.

Oh, and we might even be from the same cohort. You disgust me.

Reply With Quote
  #23 (permalink)  
Old 30-03-2020, 04:07 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by COVID-19 View Post
I joined an Insurance MAP at the largest insurance company in Singapore.
IMO, it sucks and if I had another higher paying job offer, I wouldn't join.
1. They force you to organise events, do saikang.
2. You get **** rotations and don't get the dept you want after you "finish" the rotations. During your rotations, you get saikang since nobody wants to teach you as you're only there for 6 mths and not likely to come back to their dept.
3. Favouritism. Only one of your fellow MA will get to go overseas, get 50% increment eg.
4. Exams are hard for me because I have 0 interest in studying/memorising life insurance underwriting/claims, and no time (because of the events). Anyway, it's also not a useful cert to begin with.
Surprisingly, alot of NTU 1st class honours joins the IMAP. I'm a 2nd lower but have good internship experience/OA level results.
I have left the industry luckily and am now working in our financial regulator with a much higher pay. Soon, will be enrolling in US for a masters with scholarship.
hi, may i know if it is easy to exit the industry to another job?

Reply With Quote
  #24 (permalink)  
Old 30-03-2020, 04:07 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by COVID-19 View Post
I joined an Insurance MAP at the largest insurance company in Singapore.
IMO, it sucks and if I had another higher paying job offer, I wouldn't join.
1. They force you to organise events, do saikang.
2. You get **** rotations and don't get the dept you want after you "finish" the rotations. During your rotations, you get saikang since nobody wants to teach you as you're only there for 6 mths and not likely to come back to their dept.
3. Favouritism. Only one of your fellow MA will get to go overseas, get 50% increment eg.
4. Exams are hard for me because I have 0 interest in studying/memorising life insurance underwriting/claims, and no time (because of the events). Anyway, it's also not a useful cert to begin with.
Surprisingly, alot of NTU 1st class honours joins the IMAP. I'm a 2nd lower but have good internship experience/OA level results.
I have left the industry luckily and am now working in our financial regulator with a much higher pay. Soon, will be enrolling in US for a masters with scholarship.
hi may i know if it is easy to exit the industry for another company?
Reply With Quote
  #25 (permalink)  
Old 30-03-2020, 06:36 AM
Verified Member
 
Join Date: Mar 2020
Posts: 19
COVID-19 is on a distinguished road
Default

Well, I was the first MA who left the company. So there's not much data on how easy to leave (maybe not so easy since they are still there).
I took the general insurance exams while working so I could have more options, and joined an MNC doing broking. But even so, in the financial regulator, I imagine it's not completely out of the industry. My job scope still includes (but is not limited to) insurance regulation. It's not like I became a management consultant or something. Maybe a few years later can change to a more different dept in my new company.
Reply With Quote
  #26 (permalink)  
Old 30-03-2020, 10:49 AM
Random12345
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
insurance agent just say insurance agent lah.
Why don't you go read up on what is Marsh and Aon. What is Swiss Re & Munich Re. What is underwriter and actuaries. Before you embarrass yourself.
Reply With Quote

  #27 (permalink)  
Old 30-03-2020, 11:50 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Random12345 View Post
Why don't you go read up on what is Marsh and Aon. What is Swiss Re & Munich Re. What is underwriter and actuaries. Before you embarrass yourself.
socially awkward insurance agents
Reply With Quote
  #28 (permalink)  
Old 30-03-2020, 01:28 PM
Junior Member
 
Join Date: Mar 2020
Posts: 6
kenneth.lim is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
socially awkward insurance agents
Contrary to popular belief, there are actually many other jobs in the insurance industry other than just insurance agents.

Insurance agents are usually part of an agency and their jobs are to generate sales.

There are however many other jobs just like any other company in an insurer or insurance company.

Just like any products that get sold, there are people making them even if said products are intangible.

All these products need people to come up with; from the Product Management team to the Actuaries/Pricing/Capital Management teams to the Legal, Claims, Underwriting, Policy Servicing, New Business, Distribution Ops teams, Project Management, IT teams etc.

Then, there is also the day-to-day running of a company that the HR, training, Finance, logistics teams etc have to deal with.

Apart from Insurance company as an industry, there are also reinsurance firms which cover insurers from potential financial/cash flow issues by covering part of the losses (in the form of payouts to customers) via arrangements called reinsurance treaties. Essentially, reinsurance is insurance for insurance companies. That is what companies like Swiss Re, Munich Re, RGA, Lloyds, etc deal with.

So, there is actually a lot more to insurance careers than just insurance agents.
Reply With Quote
  #29 (permalink)  
Old 30-03-2020, 02:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by random12345 View Post
why don't you go read up on what is marsh and aon. What is swiss re & munich re. What is underwriter and actuaries. Before you embarrass yourself.
lol triggered
Reply With Quote
  #30 (permalink)  
Old 30-03-2020, 08:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Random12345 View Post
Why don't you go read up on what is Marsh and Aon. What is Swiss Re & Munich Re. What is underwriter and actuaries. Before you embarrass yourself.
lol boomer triggered
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Q: Management Associate at SGX Saab Income and Jobs 92 03-06-2020 05:02 PM
PSA Management Associate Programme kwkhiu Income and Jobs 8 17-03-2020 01:26 PM
Management Associate Program hexengeist Income and Jobs 0 05-09-2013 01:40 PM
standard chartered finance management trainee program alwaysnforever Income and Jobs 3 07-02-2013 03:44 PM
Dive Management Associate Program Rickykoh Marketplace and Find Work 0 20-01-2013 01:30 PM

» 30 Recent Threads
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,483 Replies, 2,057,418 Views
Career as Teacher ( 1 2 3... Last Page)
2,967 Replies, 1,822,371 Views
Compare civil service salary ( 1 2 3... Last Page)
10,952 Replies, 6,047,918 Views
Singtel Management Associate... ( 1 2 3... Last Page)
141 Replies, 93,888 Views
Capgemini Graduate Programme ( 1 2)
12 Replies, 6,982 Views
HSBC Graduate Programme 2021 ( 1 2 3... Last Page)
33 Replies, 3,864 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,806 Replies, 1,187,937 Views
Lawyer Salary ( 1 2 3... Last Page)
9,755 Replies, 3,190,700 Views
Pay for digital marketing agencies
9 Replies, 3,176 Views
Diploma in Digital Marketing at...
4 Replies, 3,209 Views
Dentist Salary ( 1 2)
12 Replies, 8,278 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,528 Replies, 1,007,937 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
752 Replies, 384,584 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
89 Replies, 124,206 Views
MasterCard Graduate Developement... ( 1 2 3)
26 Replies, 7,403 Views
How much does a typical FP&A... ( 1 2 3)
25 Replies, 2,510 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,679 Replies, 1,377,538 Views
Whats your net worth ( 1 2 3... Last Page)
2,776 Replies, 840,024 Views
Buy condo or wait it out?
4 Replies, 655 Views
Starting Pay for CS/Ministries... ( 1 2 3... Last Page)
160 Replies, 41,728 Views
How Much Do You Need to Earn... ( 1 2 3... Last Page)
51 Replies, 19,574 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
364 Replies, 127,158 Views
An upgrade to my system
1 Replies, 86 Views
ST Electronics ( 1 2 3... Last Page)
1,064 Replies, 285,447 Views
Different rank in local banks ( 1 2 3... Last Page)
56 Replies, 121,094 Views
shipping from China to Singapore
1 Replies, 614 Views
UOB Management Associate Program ( 1 2 3... Last Page)
289 Replies, 187,752 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,058 Replies, 837,928 Views
Standard Chartered International... ( 1 2 3... Last Page)
55 Replies, 57,129 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
139 Replies, 97,702 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:59 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2