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Group Insurance Business
Group insurance is an insurance that covers a group of people, for example the members of a society or professional association, or the employees of a particular employer for the purpose of taking insurance. Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to the group for reasons other than the wish to buy insurance. Grouping individuals together allows insurance companies to give lower rates to companies.
Key Task
- To review insurance policy and determine if the existing insurance coverage meets the current needs.
- Ensure information related to insurance policy is acquired, recorded and analysed.
Key Skills
- Possess at least a diploma or degree in related field.
- At least 2 years of relevant working experience
Who are your employers?
Any company in the insurance industry.