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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| 25-11-2013 09:07 PM | |||
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| 23-11-2013 08:05 PM | |||
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Assistant Manager ? Insurance Services / Central / MNC / Automotive / $5000 - People Profilers Pte Ltd 2 years’ experience in Insurance/Finance or Automotive industries |
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| 18-04-2013 11:19 AM | |||
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Different roles of the Insurance Industry Given the various roles of the insurance industry, namely risk surveyor, underwriting, marketing, claims, etc, which is the one which has the most prospects? In terms of pay progression, career advancement, more easier to move up to manga... Hope to hear some valuable feedbacks from the experience ones in this industry. Thank you. |
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| 17-04-2013 06:27 PM | |||
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I notice earlier on there was also one insurance insider who was saying the same thing about the limitations of CII/ACII qualification as well. Too bad he got buried by a flood of self-proclaimed experts who keep saying such qualification will lead to great leaps in career and pay increase. One even went as far to say job security and pay promotion more or less guaranteed as there are only 300 people in Singapore with qualification. |
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| 17-04-2013 04:20 PM | |||
| Unregistered |
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I'm an underwriter working for a Lloyd's syndicate in Singapore, previously worked at a MNC insurance company (regional), and have many opportunities dealing with risk surveyors both in house and external. Hopefully my thoughts help in your decision making. 1) Fresh grad has no future in risk surveying - good number of years of industry (whether Civils/Electrical/Mechanical/Oil & Gas/Hi Tech, etc) is paramount, you will then be very well regarded; eg., if you worked for an oil major as a technical engineer and decides to switch fields, loads of people will value your expertise. Only downside, openings for such positions are far and few. 2) CII/ACII qualifications do not apply to risk surveying, little influence to career. But it gives you a good grounding on insurance/reinsurance knowledge, though not experience. I personally do not have CII, it's not a pre-requisite. Very much a UK centric push to give the industry some form of professional qualification and recognition in the eyes of non insurance clients. It does help to an extent in career moves (not payscale!) of Underwriting/Claims/Brokers positions. 3) Pay varies, depending on who is the hiring company and your level of experience. Overqualified can be a bad thing as a lot of firms do not have a big budget for these guys. 4) Non Life Insurance industry is a career which values experience. So you need to clock it as there is a lot of skills you will pick up on the job. 5) It does not pay as well as Banking, less glamourous, always under the radar. Exact reason why given a choice, many would choose B over I. It's not bad over time as you progress though...salary would still be above national median wage. Hope this gives a good reality check. |
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| 17-04-2013 01:26 PM | |||
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| 17-04-2013 01:00 PM | |||
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| 14-04-2013 08:28 AM | |||
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1) SCI and CII were not affliated - SCI ran the Diploma in Insurance only. Now apparently SCI is running the ACII program. Just contact SCI for details to save the trouble. 2) CII modules are easier to fail. Diploma in Insurance can give you many credits for accredition, so that you can take lesser CII modules. |
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| 12-04-2013 05:54 PM | |||
| Grace Lim | So cheap can just take for fun to learn about insurance | ||
| 12-04-2013 05:41 PM | |||
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i did some research on the costs btw CII and SCI. i may miss out some fees and charges but generally, SCI charge SGD299.60 per module for member company. There's a SGD32.10 registration fee as well. The textbook is SGD107 IF you damage it. When you pass a module, you need to pay 3 or 4 pounds per credit for the Recognition of Prior Learning to CII. So 25 credits * 3 pounds = SGD150 Total cost SGD481.70 (minus the textbook.) CII charge 50pound for annual membership. Below are members rate. exam fee 116pound. textbook 132pound + 15(postage & shipping) Estimated total cost SGD626 (with membership subscription) back to the question to those who are ACII certified. u guys got the ACII via CII or SCI? and where do you take the exam for those who registered with CII directly? Thanks. J |
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