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Saturday, November 24, 2007

Professional Insurance Education and Development - India, Saudi Arabia and Worldwide

Education and Professional development of Insurance Industry in Kingdom of Saudi Arabia, India and the World over.

Education is one of the important aspect of our time. Hence in the insurance world also we need to have educated and professional people to better understand the various aspects of Insurance. Unfortunately it is found that even today insurance industry lack qualified and trained professionals not only in Saudi Arabia, India and the World over. There are many vacancies in the insurance industry the world over. There is very little attraction to the word of mouth search for the talent. Even massive advertisements have not yeilded much results.

There are verious professional institutions offering various courses on Insurance and Banking. However they mainly focus on the working personnel.

Freshers can go in for vocational insurance courses and later on they can join the professional institutes to get a better understanding of their working.


Education in Saudi Arabia is flourishing with new Universities and private institutions coming up. However insurance education is best in the countries where we find the availability of professional institutes. The regulation of Insurance in Saudi Arabia will definetly pave the way for building of insurance education in Saudi Arabia. There is a strong possibility that SAMA may come up with guidelines for insurance education. Either they may have their own set-up or may align with some international insurance institutes. Another best way of developing insurance education is by way of introducing it as a subject at the vocational level. Many vocational institutes may add insurance to their curriculum to fill the gap. Insurance education in India was single pronged until it was introduced as a vocational course and a course at degree level. This has created a talented pool of professionals in Indian Market. They are placed world over and it is easier for them to take up any professional examinations.

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