Insurance services use knowledge related to finance, regulation, analytics in general and everything else in particular. Take project insurance, for example. The insurer must assess various risks associated with the project. He should be able to use project management documents to understand the actions taken by managers to manage the risks they have identified. He should be able to assess the damage in the event of damage. He must apply the knowledge of project management techniques in project insurance.
When it comes to agricultural insurance, an insurer needs to research crop yield, soil quality, farming practices, etc. in order to get meaningful insurance. Therefore, knowledge of agricultural science must be applied. As insurance extends its services to all sorts of activities in the world or even in space, it has the potential to use any kind of knowledge.
Knowledge that insurance specialists have acquired during their training should be used. They are not designed to answer a few questions on the exam and then forget about them. There are countless values that the insurance service can add to risk management in all types of activities. And this is done through the use of knowledge of risk management techniques and also knowledge of activities. It should not be expected that every insurance professional acquires knowledge of every job. But he will do better if he is able to discern what knowledge to use from where. This can also be external.
There may be such training related to existing practices. But these are at the most basic level. It is useful where there is a need for organized training on existing practices. There are regular changes in standards, regulations, etc., which may require organized training to bring them to the notice of insurance professionals in a formal way.
However, since the insurance service is inherently futuristic, the focus must be on such topics as allow professionals to understand the future in a scientific manner with greater nuance. Such training prepares insurance professionals to go much deeper into their profession and make the profession richer.
One thing that definitely needs to be included in insurance-related training is something about the future, something cutting edge, something new, something that gets participants out of the routine thinking and deep into subjects related to finance, regulation, and analysis immersion or in connection with the specialty insurance.
