Industry Related (Banking & Finance)

Making big bucks: How much can you really make in insurance

Financial advisers, consultants, insurance agents-whatever you call them, you are sure to have seen them, heard them, and probably been approached by them. Why are insurance salespeople popping up virtually everywhere? Is it that lucrative? Career Central investigates.

By Felicia wong





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The difference worth making-a career with AGD Singapore

The Accountant-General's Department (AGD) is the de facto accountant and paymaster of the civil service. Esther Wee, an AGD scholar, who has been working in the department since 1998, recounts her experience. She reveals that it's a job that is full of variety and different responsibilities.

By Irena Josoeb

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The changing landscape of the insurance industry

Most of us know the feeling of answering the phone to hear an unfamiliar but overly-friendly voice. As we try to figure out the identity of the caller, the following 'trigger' words are mentioned: death & disability, critical illness and guaranteed returns. It then dawns upon us that we have on the other end of the line, a financial planner, otherwise known as the dreaded insurance agent.

By Gangasudhan





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It's a great life

Remember the days when the word "insurance agent" conjured up images of aggressive salesmen peddling insurance policies? The insurance industry has certainly come a long way since then, and the influx of young and educated agent has changed the way people view the profession. Many young people are starting to see the business of financial consulting in a different perspective due to the changes in the industry. Over the past few years, Great Eastern has seen more graduates and young professionals joining the company. Career Central speaks to two young and successful life planners from Great Eastern who've made good in the industry.

By Liu Lian Feng

The winds of change: The stock broking industry in Singapore

The financial sector is is Singapore's single most important economic sector, accounting for nearly 40% of the country's GDP, the sector encompasses over 500 financial institutions, ranging from banks to insurance companies, and finally to the stock brokerages, things used to be pretty cosy for these multi-million dollar organisations, particularly for local institutions, but much has changed in recent years. And the reason for the changes can be summed up in one word-liberalization. As far as the governement is concerned, there was no other choice, globalization and technological advances have allowed international capital to flow wherever there are greater efficiencies and better returns. Singapore's financial sector had to be opened up to fiercer competition, in order to allow market forces create those efficiencies. Singapore's stock market was not spared from these reforms. The reforms to the stock market had 3 key objectives: 1)to create open access, 2)to liberize brokerages, and 3)to broaden the business scope of stock brokerages.

By John Yip

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