Careers Does Insurance Technician qualify as work experience ?

Does Insurance Technician qualify as work experience ?

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    • MotazBMostafa
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      Does Insurance Technician qualify as work experience ?

    • Sophie Macon
      Keymaster
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      Hey @MotazBMostafa‌, it depends on the detail of the work you do.

      As per the CFAI definition for qualifying work experience:

      At least four years (48 months) of experience in:

      1. Evaluating or applying financial, economic, and/or statistical data as part of the investment decision-making process involving securities or similar investments (e.g., publicly traded and privately placed stocks, bonds, and mortgages and their derivatives; commodity-based derivatives and mutual funds; and other investment assets, such as real estate and commodities, if these are held as part of a diversified, securities-oriented investment portfolio).
      2. Supervising, directly or indirectly, persons who practice these activities.
      3. Teaching such activities.  

      For each position submitted, at least 50% of your time should be spent directly involved in the investment decision-making process or producing a work product that informs or adds value to that process. Work must be full time and can be earned before, during, or after participation in the CFA Program. Managing your own investments or the investments of your family or your friends (without compensation) does not qualify.

      Most insurance/finance related roles would qualify for point (1) above. Can you tell us more about your role?

    • MotazBMostafa
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      Hi @Sophie, thanks a lot for your help 🙂 

      Sorry for the very late reply….I have been off for a while. Also I was still starting this insurance technician job so couldn’t answer fully your question about my role.

      I work for and Insurance consultancy & Brokerage firm. My role involves:

      -Insurance claims handling.

      -Supporting & solving any of clients’ issues. (problem Solving)

      -Reviewing medical insurance consumption for clients prepared by guarantors and making sure its accurate.

      -Meeting with clients to understand their insurance requirements, analyzing the risks then quoting with guarantors to cover this risk.

      -Reviewing quotations & offers received from guarantors and negotiating better coverage and premiums.

      -I also train and supervise a new employee to do these tasks.

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