MEMIC’s Post

Happy National Intern Day! 🎉 At Jacob Street Partners, we believe every intern deserves a smooth and secure start. Housing interns are often new to the challenges of relocation, and if something goes wrong, it can be overwhelming. That’s why so many companies have chosen Jacob Street to protect their interns. Our comprehensive coverage for personal belongings, liability, and accidental damage eases the transition to a new city during a sometimes stressful period. With Jacob Street Insurance solutions, interns can focus on their growth and success, knowing they’re protected every step of the way. Let’s make their journey a safe and positive one! If this interests you, we also created a guide. Comment below, and we will be happy to share it with you. #JacobStreet #Globalmobility #Insurance

Discover how Lindsay Hyland and Gavin C. Bishop FCA, FCII of Ariel Re have developed a successful internship program that emphasizes engagement and real-world experience. Learn why avoiding a “bored, disengaged intern” is crucial and how their approach makes a difference. https://hubs.ly/Q02HDvwF0

Dear LinkedIn community, I am pleased to announce the successful completion of my internship at GrowthLine Solutions LLP, an innovative start-up specialising in comprehensive research and analysis. During my tenure, I engaged in an in-depth exploration of financial products, commencing with an exhaustive analysis of around 100 insurance plans. This endeavour underscored the nuanced dynamics of insurance, revealing that while it may not be a good option for substantial returns, its intrinsic value lies in providing a robust financial safety net, particularly in unforeseen circumstances.  Subsequently, my focus shifted towards the mutual funds domain, where I meticulously executed tasks ranging from Net Asset Value (NAV) collection to data cleaning, and the calculation of rolling returns. I analyzed over 300 mutual funds from different types like Large cap funds, Small cap funds, Mid cap funds, ELSS, Focused and more. This analytical approach allowed me to draw noteworthy conclusions. It became evident that mutual funds present a more favourable investment option in terms of returns when compared to insurance, offering potential growth. By examining rolling returns I found that, in the long run, the chances of earning negative returns reduce substantially. I also compared the performance of these mutual funds to their respective benchmarks and found that while there are funds that outperform their benchmarks, there are also funds that have been incapable of doing so. I extend my sincere appreciation to Mr. Vikas Arora, the founder of Growthline Solutions, who served as my mentor throughout this enriching journey. His invaluable guidance has significantly contributed to my understanding of the intricate facets of insurance, mutual funds, and loans. Mr Arora went above and beyond in imparting knowledge, ensuring that each new concept was not just learned but fully understood. His methodical approach to teaching, combined with a genuine enthusiasm for sharing his wealth of expertise, created an unparalleled learning environment.

Another #nextgen career opportunity, tune in to the latest podcast featuring Irina Simpson discussing internship and career opportunities in claims management and its positive impact on people and businesses! #insuranceiscool #riskmanagement #claimsmanagement #IgnitingNextGen

Thrilled to announce that I've earned my SIP completion certificate from "Future Generali Life Insurance ". This Internship has deepened my understanding of strategic financial planning and the importance of disciplined investing for long-term wealth creation. Looking forward to apply this knowledge to help others to achieve their financial goals. #Finance #Investment #WealthManagement #FinancialPlanning #ProfessionalGrowth"

In case we weren’t on your radar yet, we wanted to tell you that there are exciting things happening in the Insurance industry that could be perfect for you. Imagine if what you do in your job every day made a genuine difference to the lives of the community you live in. For example, increasing awareness of road safety, working with government to develop better policies around natural disaster management, or contributing to the build of more resilient homes. Insurance isn’t just about premiums and claims. It’s about risk management and educating customers on how to evaluate, plan for and manage their financial risks, that is – ‘building futures and protecting what matters’. It’s the perfect industry for a business student like yourself to put your education into practice. We have roles across Australia across several streams including Underwriting, Risk Management, Human Resources, Accounting and Technology (and more). Internship and graduate roles available, all paid and supported with training, plus you’ll be part of the growing Suncorp graduate community. Interns start 18 Nov, and grads start 28 Jan 2025. We know you’re busy, so we’ve kept our initial application process to one hour, and you’ll receive an automatic feedback report so you know how you went. Applications close Monday 26 August. It’s your time to shine! https://lnkd.in/eXBPHxPz

By 2026, the insurance industry will wave goodbye to 400-500k veterans of the business. The big question: how are we responding? Companies like Lockton are setting the pace, showing us that leadership is about action. Meanwhile, my friends at many carriers aren't just participants; they're pioneers with their apprenticeship and intern programs, proving that advocacy can pave the way for change. This isn't just about filling vacancies. It's about opening doors to diverse, fresh talent eager to make their mark. Our industry does more than policies and claims; we're a pillar of support for communities, a fact often overshadowed. I have the privilege of being part of this awesome industry and a responsibility to pay it forward. Let's showcase the vibrancy, the impact, and yes, the fun of our industry to the next generation. Let's discuss how we can collectively enrich our industry's legacy and ensure its vibrant future. Engage below with your thoughts or actions towards embracing and nurturing new talent in our industry. #TalentDevelopment #TalentAtraction #Insuranceiscool

Lesson that I have been thought during my first month of #intern at Zurich Insurance … As an intern, you are definitely, without a doubt, will be facing something new. All things will be your first day. Things that make working in reality different from when you’re still a student: - In reality, when you messed up, you will drag others in your team hence affecting overall work outcome & performance, but; - As a student, when you messed up, the biggest consequence is that it will affect your overall grade. That’s why I’ve been told since day one that: - No amount of question is too little or too much, and; - No kind of question is too dumb or too smart. So, all I need to do is ask when in doubt. It will save a lot of time and effort rather than making a big mistake and others have to cover up your mess. Even so, repeating the same mistake is pure ignorance and a proof of incompetence.

Regardless of the career you plan to pursue within the insurance industry, I highly recommend gaining experience in claims. I have had the privilege of being a part of Shelter Insurance’s claims internship program. Understanding the claims process is vital knowledge to help guide decisions across the different functions of insurance organizations. Using claims as the cornerstone of your insurance knowledge emphasizes having a comprehensive understanding of coverages and focusing on customer needs. Knowing the most about your product helps shift the industry to a customer-focused selling style. Whether you are seeking a career as an agent or in a leadership role, knowing who needs what gives you an edge over others. I also believe that experience like this could help with career advancement in the industry, or at least I hope it does! While insurance is a forever-evolving industry, the knowledge of claims remains vital. I highly recommend learning about the claims process using whatever method you see fit. I am excited to see where the knowledge of claims and other transferable skills will take me in my future career!

Today I completed The Council Acadamy's Introduction to Insurance Course. This is a 6-week course offered by The Council of Insurance Agents & Brokers that was provided to me through my internship program at TrueNorth Companies, L.C. The Introduction to Insurance Course covers a high-level overview of many insurance topics. Some of my favorites to learn about have been roles within a brokerage, captives and emerging trends in the industry. I am eager to apply what I have learned to my work and personal life. These are topics that pave way to a diverse variety of career paths and areas within the finance and insurance field.