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New Straits Times - - Excellence In Education -

CA­REER in in­surance is of­ten syn­ony­mous with be­ing an in­surance agent with­out much po­ten­tial for pro­fes­sional

growth.

The Malaysian In­surance In­sti­tute (MII) chief ex­ec­u­tive of­fi­cer Datuk Syed Mo­heeb Syed Ka­marulza­man said in­surance com­pa­nies of­fer a wide range of job prospect to be­come claims ad­juster, ac­tu­ary, un­der­writer, spe­cial in­ves­ti­ga­tor, fi­nance, ac­count­ing, mar­ket­ing, oc­cu­pa­tional safety, le­gal as­sis­tance and risk man­age­ment.

MII is a pro­fes­sional body for in­surance pro­fes­sion­als.

Syed Mo­heeb said school leavers could go far in the ca­reer with pro­fes­sional qual­i­fi­ca­tions that pre­pared them to study sub­ject-fo­cus con­tents rel­e­vant to the in­dus­try.

”There is a lack of aware­ness on ca­reer de­vel­op­ment and a var­ied job scope that the in­dus­try of­fers,” he said, adding that MII pro­vided a pro­fes­sional qual­i­fi­ca­tion that al­lowed faster ca­reer growth.

He said among ar­eas of spe­cial­i­sa­tions that were high in de­mand were ac­tu­ar­ial, rein­sur­ance, un­der­writ­ing, claims, and distribution — in­clud­ing agency, ban­cas­sur­ance and in­surance tech­nol­ogy.

MII is of­fer­ing As­so­ci­ate­ship of the Malaysian In­surance In­sti­tute (AMII).

Syed Mo­heeb said there were about 2,000 AMII grad­u­ates in the lo­cal in­surance in­dus­try of 50,000-60,000 pro­fes­sion­als, not in­clud­ing in­surance agents.

He said study­ing at MII was bet­ter than pur­su­ing a de­gree as AMII was a pro­fes­sional qual­i­fi­ca­tion with only 2.5 years of study du­ra­tion.

”The AMII Pro­gramme, which is ac­cred­ited by Fi­nance Ac­cred­i­ta­tion Agency, is taught by highly-qual­i­fied and ex­pe­ri­enced lec­tur­ers.

He said AMII grad­u­ates would qual­ify as se­nior as­so­ciates of the Aus­tralian and New Zealand In­sti­tute of In­surance and Fi­nance.

“Cred­its awarded un­der our AMII pro­gramme are el­i­gi­ble for trans­fer to the Char­tered In­surance In­sti­tute (the United King­dom).”

He said MII was work­ing with the in­dus­try to de­ploy the stu­dents into the work­force at the fi­nal se­mes­ter of their stud­ies on an in­tern­ship pro­gramme.

”Though we do not guar­an­tee job place­ment, the stu­dents’ mer­its will be the de­ter­min­ing fac­tor dur­ing the in­tern­ship for job place­ment.

”Al­ter­na­tively, they can ven­ture in en­tre­pre­neur­ial roles in be­com­ing an in­surance con­sul­tants or in­surance in­ter­me­di­aries.”

He said there were op­por­tu­ni­ties in large cor­po­ra­tions or public listed com­pa­nies, where they have an in­de­pen­dent in­surance unit or de­part­ment to man­age the com­pany’s in­surance re­quire­ments.

Syed Mo­heeb said MII was launch­ing a full-time class for school leavers and fresh grad­u­ates for June in­take.

”We are tar­get­ing be­tween 50 and 60 stu­dents for the in­take,” he said, adding that grad­u­ates and school leavers would con­sider in­surance as their first ca­reer choice in­stead of tra­di­tional route of go­ing for their higher ed­u­ca­tion from an es­tab­lished col­lege or univer­sity.

”With this, they will be en­cour­aged to con­sider in­surance as their pre­ferred ca­reer choice.”

Gen­er­ally, he said, stu­dents need to have good re­sults in Sci­ence, Math­e­mat­ics and English in Si­jil Pe­la­jaran Malaysia or Si­jil Tinggi Perseko­la­han Malaysia ex­am­i­na­tions. How­ever, ap­ti­tude and crit­i­cal think­ing skills would be highly val­ued.

The Malaysian In­surance In­sti­tute chief ex­ec­u­tive of­fi­cer Datuk Syed Mo­heeb Syed Ka­marulza­man.

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