Insurance is the fastest growing sector in India and it has huge potential of growing further and further in future. As per an estimate, approximately 21 lakh insurance professionals will be required by 2025.
The insurance industry employs a wide array of professionals. Privatisation of the insurance sector has opened many opportunities for Chartered Accountants in this sector.
A Chartered Accountant may explore these opportunities as an independent consultant, practicing professional, in actuarial services, product development, surveyor and loss assessor, arbitrator, investigator, regulatory compliance services, third party claim administrator, reinsurance management services, portfolio management services, etc., by joining as an employee of the insurance company.