Businessman insurance and finance

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Insurance and finance clerk (Germany) or insurance clerk and financial services clerk (Austria) is a job title and a training occupation in the insurance and financial services industries .

job profile

In Germany, in the third year of training, you specialize in one of the two fields of insurance or financial advice . In Austria, insurance salesman and financial services salesman are generally separate apprenticeships. Accordingly, the job description is divided:

Insurance industry

Insurance salespeople are employed by insurance companies and brokers, credit institutions or larger companies (in risk and damage assessment). They are also active as independent brokers (brokers) or consultants. They carry out the sale and administration of insurance. They advise and support commercial and private customers with regard to the appropriate insurances in the office and in the field.

As a result, they issue the policies (insurance documents) and carry out general commercial activities such as accounting or controlling. In the event of damage or benefits, they check the claim for insurance benefits and take care of processing and payment.

Financial services

Financial services clerks mainly work for financial service companies, financial and credit institutions, insurance companies or investment consultancies. Many become self-employed as intermediaries or consultants and run their own offices. They advise clients on all aspects of investment and financing, as well as on the choice of retirement provision. In addition, they provide information about risks and prepare financing offers based on customer requirements. Her area of ​​activity also includes handling claims cases (e.g. when life insurance contracts expire) and performing general administrative work.

Initial and continuing education

Germany

There was also an insurance salesman apprenticeship in Germany; with the reorganization effective August 1, 2006, it was replaced by an insurance and finance salesman . The dual training is recognized according to the Vocational Training Act (BBiG) and lasts three years. It takes place in the training company and in the vocational school; in the third year of training you have to specialize in one of the two subject areas. There is a flexible training structure within the insurance specialist field; individual priorities can be set in elective qualification units.

Building on this training, the insurance academy and the Chamber of Industry and Commerce offer extra- occupational training to become an insurance specialist or specialist for financial consulting or insurance business economist or business economist for finance and investment.

Austria

Insurance and financial services clerks in Austria have two separate, three-year training courses. The training content corresponds to the activities described in the respective occupational profile. Apprentices complete dual training and finish with the final apprenticeship examination. Passing the final apprenticeship examination and four further exams leads to the vocational matura (vocational matriculation examination). This enables access to further higher qualifications at colleges, technical colleges and universities.

Insurance salesman

The completed apprenticeship examination replaces the final examination in the apprenticeship as an office clerk. Related apprenticeships such as bank clerk , accountant , real estate agent or financial services clerk , as well as many other office and administrative jobs, can be completed with a shorter apprenticeship period.

The apprenticeship qualification is an entry requirement for independent professional practice in the regulated trade of insurance agents .

If the proficiency test is passed, the insurance salesman can also work independently as an insurance broker or consultant in regulated insurance matters.

Financial services clerk

Here, too, the final apprenticeship examination is also the qualification for an apprenticeship as an office clerk and the apprenticeship time is shortened for many industry-related training courses. According to the AMK qualification test, financial service merchants can work as a freelance asset consultant (regulated trade in asset consulting).

See also

Web links

Germany:

Austria:

Individual evidence

  1. ↑ Text of the ordinance on vocational training for insurance and finance clerks / insurance and finance clerks
  2. ↑ Training ordinance insurance salesman ( Memento of the original from February 24, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 179 kB) of the Austrian Ministry of Economic Affairs, valid since 2004 @1@ 2Template: Webachiv / IABot / www.bmwfj.gv.at
  3. ↑ Training ordinance financial services clerk ( memento of the original from February 24, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 62 kB) of the Austrian Ministry of Economic Affairs, valid since 2006 @1@ 2Template: Webachiv / IABot / www.bmwfj.gv.at
  4. ↑ Insurance agent regulation ( Federal Law Gazette II No. 96/2003 ) of the Austrian Ministry of Economics, valid since 2003
  5. ↑ Insurance broker and consultant regulation ( Federal Law Gazette II No. 97/2003 ) of the Austrian Ministry of Economics, valid since 2003
  6. ↑ Asset Advisory Ordinance ( Federal Law Gazette II No. 95/2003 ) of the Austrian Ministry of Economics, valid since 2006