Personal Banker


Are you a CEO, Entrepreneur, UHNW, HNW or Professional Investor searching for $3 million to $300 million financial services? Find corporate banks, private banks, loans, capital and more at The Financial Centre | TFC. Register here for private access.

Caproasia.com is the leading platform for information, data, research and resource for the financial industry in Asia. Collectively, they manage more than $20 trillion assets in Asia in Investments, Fund Management, Asset Management, Private Banking, Wealth Management, Multi-Family Office, Family Office, Private Equity and Hedge Funds.


What is an Insurance Specialist?

The name speaks for itself – An Insurance Specialist deals in insurance, ensuring risks is being managed.  In traditional wealth management, risks is often viewed as insurance against death.  Today, risks has becoming increasingly complex.  Tax risks, business risks, investment risks are important risks that clients, banks and wealth management service providers look at.

Today, risks has becoming increasingly complex.

 

What exactly is an Insurance Specialist?




An Insurance Specialist provides risk management advice to clients and wealth managers.

Examples of risk management are:  Death, accidentals, emergency needs, cashflow needs, investment, credit, loan defaults, family, business and tax risks.

 

What does a Insurance Specialist do?

Financial Crisis
Financial Crisis

An Insurance Specialist has specialised knowledge in risk management.  A cornerstone of wealth management is to manage the risk of life and investment.

Most clients look at only investment returns, neglecting short-term sudden cash needs due to accidents, death or even liquidity issues.  The Insurance Specialist understand these risks, and carefully craft a comprehensive solution that integrates well with the client’s portfolio.

Did you know

Maritime insurance is the earliest known insurance contract.  It was started in Genoa in 1347.

 

 

What are the products an Insurance Specialist work with?

There are many products under risk management:

Basic Products: Term Insurance, Whole-life Insurance, Endowment, Investment-Linked Policies

Advanced Products: Universal Life, Key-man Insurance, Mortgage Insurance, Company Formation, Trust Services

Insurance Specialist work closely with team members such as Wealth Managers, Investment Advisors and Loan Specialists.  Understanding the financial needs and wealth solutions implemented, the insurance specialist provides

 

Why do we hear of Bancassurance Specialist?

Bank + Insurance = Bancassurance

There are similar job titles such as Bancassurance Specialist, Insurance Advisor or Financial Protection Specialist.

Financial Protection Specialist OCBC Bank 005

Financial Protection Specialist in OCBC Bank

 

Great Eastern Life
Great Eastern Life

OCBC Bank is owned by OCBC Group which owns Great Eastern Life Insurance.  Great Eastern is the largest insurance group in Singapore and Malaysia in terms of assets and market share. Its agency force in Singapore and Malaysia is about 20,000-strong.

 

What is the career progression for an Insurance Specialist?

An Insurance Specialist can choose to remain as an Insurance Specialist providing solutions to different segment of clients in mass market, affluent or to High Net Worth clients.  Roles such as Estate Planner or Asset Manager provides a larger role not limiting to risk management but also to complex investment & tax structures & company formation.

He or she can move into other product roles such as Mortgage or Credit Specialist, or move into Relationship Management roles such as Personal Banker or Priority Banker.

See below for Wealth Management Team setup and career options.

 

Wealth Management Team

 

To learn more about Wealth Management Career, visit Career Center

Related Articles:

 





Are you a CEO, Entrepreneur, UHNW, HNW or Professional Investor searching for $3 million to $300 million financial services? Find corporate banks, private banks, loans, capital and more at The Financial Centre | TFC. Register here for private access.

Spending millions and months searching for $3 million to $300 million clients. Finding clients just got easier. Let CEOs & Entrepreneurs and UHNWs & HNWs find you in seconds. Learn more

Managing, investing and advising millions & billions of assets in Asia? Join more than 10,000 ++ leading financial professionals at Caproasia.com | Become a Caproasia user here or sign up for Newsletter here and join 6,000 ++ leading financial professionals.

Caproasia.com is the leading platform for information, data, research and resource for the financial industry in Asia. Collectively, they manage more than $20 trillion assets in Asia in Investments, Fund Management, Asset Management, Private Banking, Wealth Management, Multi-Family Office, Family Office, Private Equity and Hedge Funds.