Insurance agents sell policies to individuals and businesses to provide protection against future losses and/or financial pressures. Agents must analyse the needs of their clients and help them plan appropriate protection.
Insurance protection may be for a motorcar, home, business or other property for protection of a family if the breadwinner dies, or for protection against hospital and medical costs. Insurance agents also help their clients to obtain claim settlements.
Areas of specialisation include:
Schooling & School Subjects
Degree: Insurance and Actuarial Science - UP, BCom Insurance - UZ, or general BCom - most universities.
No specific training is needed for entering this occupation as all insurance companies offer in-service training. The minimum entry requirement is matriculation, while excellent opportunities also exist for graduates.
In addition to in-service training employees may take the examination of the Insurance Institute of South Africa that provides correspondence courses. Two levels of examination lead to two diplomas, namely the qualifying examination for the Associateship Diploma and the Fellowship Diploma. As insurance agents may also be looked upon as financial advisers, they are selected and examined carefully by their companies and given a thorough training to fulfil their tasks.
Any of the above potential employers.