UNTAPPED CAREER OPPORTUNITIES IN THE INSURANCE INDUSTRY
Author: Jafar Sadeque Chowdhury, Chief Distribution Officer, MetLife Bangladesh
Dhaka October 10, 2020
Recent changes in socio-economic conditions are presenting new ways of learning to live our lives differently. A recent study showed that the number of job posting on a leading job portal in Bangladesh dropped by 87 percent in April of this year compared to the same month previous year. Another research reveals that over 20 million workers are currently unemployed across 11 high-impact economic sectors of the country. In this changed scenario, people are also looking for diverse and alternative sources of income and opportunities that provide flexibility and financial security. The opportunity to work as a Financial Associate in the insurance industry can be a promising career path for many candidates.
Financial Associates are at the core of the insurance industry as they help customers with financial advice to find the right financial protection products. Often, they are the first point of contact for customers looking for the insurance services for themselves or their families, and, in such circumstances, Financial Associates are the connection between the company and the customer. This position offers an exciting role that stands apart from many traditional jobs. Here are some benefits of working as a Financial Associate:
Insurance has an important role in helping the economy grow by providing financial protection to people and by reducing the burden on the government’s finances. The penetration of life insurance in Bangladesh is only 0.5 percent, which means that the vast majority of Bangladeshi people are not accessing all the financial planning options available to them. But with the country’s per capita income crossing USD 2,000, more and more individuals are becoming interested in exploring the advantages of taking insurance. One of the most attractive features of working in the insurance industry is the opportunity to increase one’s income steadily. Financial Associates can grow their earnings potential as they build their experience and expertise. We, at MetLife Bangladesh, work hard to ensure all our Financial Associates get complete training, guidance, and supervision to be fully supported as they grow in their career.
A career in the insurance industry offers a rare opportunity of protecting people from financial losses in case of unfortunate events. As a Financial Associate, candidates play an integral role in helping people identify their financial priorities and plans for the future with a suitable product. Customers often turn to Financial Associates during some of the worst and best times of their lives. And every time, Financial Associates get a chance to be a trusted resource and build even deeper relations with the community. Unlike other specialized careers, the insurance industry welcomes candidates with little or no prior experience, and of any age, to join as Financial Associates. Based on performance, a Financial Associate can advance as a Unit Manager and then as a Branch Manager. As a Branch Manager, Financial Associate can have their own Branch and employees.
An interested candidate can take up the role of Financial Associate as a full time or part-time profession. Unlike the traditional 9 to 5 desk jobs, Financial Associates have the opportunity to work according to their
preferred schedule and can enjoy a better work-life balance. With the current technological advancements, Financial Associates of MetLife Bangladesh can even work remotely from home or any other location.
The industry is transforming every day with advanced strategies and solutions to serve customers more competently. The young and energetic youth can take up this challenge to testify their caliber and innovation to see how prepared they are for serving an advanced, financially aware, and insightful client base. Financial Associates need to be adept with their in-depth data analysis. They are required to be able to develop suitable agenda based on appropriate client surveys and to have the farsightedness to track and utilize underlying dimensions from each customer relation that will serve the organization’s growth as well. Each conversation with clients can be an opportunity to extract newer information and perspective, which can be seen as being in a real-time business school with real-life samples to learn from throughout one’s career.
So it is understandable that pursuing a career as a Financial Associate comes with very timely and exciting objectives, which boosts the professional growth in one, alongside providing a well-esteemed social status and comfortable, reassuring lifestyle. With a low barrier to entry and strong income potential, Insurance Industry can be an ideal sector to work for candidates looking for a unique career path. People’s curiosity and interest in insurance are rapidly growing, and as a result, there is a need for more Financial Associates to serve the growing customer base. At MetLife, we have simplified the hiring process for Financial Associates, and interested candidates can join even from their homes by visiting this site www.metlife.com.bd/be-a-metlifer.