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Canadian Financial Organizations For Career Planning

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INTRODUCTION
In this report, we discuss the various findings of our analysis of Canadian Financial organizations for career planning. The research focus on current job opportunities, career path and license requirements for Insurance Underwriter, Claims Analyst and Certified Financial Planner.
Canadian financial market is highly regulated by the government. Canadian financial institutions can be classified into three categories:
 Deposit-taking institutions
 Investing Institutions
 Insurance Companies
Deposit-taking institutions are banks, credit union and caisses populaires and trust companies
BANKS
They take peoples deposit and transform into different financial products for business and individuals. They pay interest to …show more content…

What is underwriting
Underwriting refers to the process of issuing insurance. The process of underwriting involves the underwriter evaluating the risk and potential exposure of a potential insured. While evaluation is going on the underwriter will decide how much coverage the applicant should receive and how much of premium the insured must pay for meeting the particular amount of premium

Career path
The career of insurance underwriter can be started from a bachelor’s degree. After getting a degree then they can start training under a senior certified underwriter. Trainees will be working on a basic application and learn the basic common risk factors. After earning a fair amount of experience. The next step is to get licensed. After getting the license, they can start from a lower level job related to the field and as the person gains experience and they can build their career from there.
Duties of …show more content…

The American college of financial services offers the chartered life underwriter (CLU) certification. This comprises five center courses and three electives, and applicants must have 3 years of related work understanding. CLAIM ANALYST
A claims analyst monitors liability claims from start to finish, verifying and updating information on submitted claims, reviewing the policy to determine which charges are eligible for reimbursement, reconciling a claims adjuster's estimates, negotiating payment to all parties and following up to ensure that payments are made.

Current job opportunities

1. Opening in Royal Bank of Canada(RBC) as. disability claim analyst insurance duties Duties.

• responsible for assigned disability claims utilizing a multidisciplinary claim management
• Guarantee objective, reasonable what's more careful claim

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