3 Ways CPD Can Help You Advance Your Career in the Insurance Industry
In the insurance industry, continuing professional development (CPD) is a crucial component of career advancement. As the industry is constantly evolving, insurance professionals must continuously learn and develop their knowledge and skills to stay current and relevant in their field. By engaging in CPD, professionals can ensure that they are well-equipped to handle the changing needs and expectations of their clients, as well as meet any regulatory requirements or industry standards.
One of the key benefits of CPD is that it allows professionals to gain additional knowledge and skills that can directly contribute to their job performance and career advancement. For example, by participating in a training program on a new insurance product or service, you can become an expert in that area and take on more responsibility at work. Similarly, by participating in a leadership development program, you can develop the skills necessary to take on a management role.
CPD can also help you build your reputation and credibility within the insurance industry. By actively seeking out learning opportunities and staying current with insurance trends and developments, you can demonstrate your commitment to the insurance sector and your desire to be the best in your field. This can lead to more opportunities for advancement and greater job satisfaction.
CPD is a requirement for professional certifications and accreditation by the CII and other professional bodies, which can open new career opportunities and increase earning potential. Many insurance firms require their employees involved in insurance distribution to complete a certain number of CPD hours to maintain their certification or accreditation.
CPD can take on a variety of forms, including seminars, webinars, online training, and classroom courses. Crucially, CPD is facilitated and structured in a way that sets learning objectives and requires professionals to reflect on what they have learnt. Development activities can comprise a wide range of structured and unstructured learning.
Structured CPD: This type of CPD involves active and structured learning that is often done outside the organisation for which you work. Some activities in this form of structured learning include:
Unstructured CPD: in which the professionals carry out development activities according to their own choice and without a structured syllabus. This form of learning usually consists of:
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About the author
Luke Forrest
Luke Joined RWA in July 2022. He has 10 years of graphic design experience creating marketing material and 7 years of direct marketing experience, most recently working as a freelance social media marketing manager. Luke’s role at RWA involves overseeing RWA's social media channels and assisting with the creation of e-learning and blog content.
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