Learning and development (L&D) is a key differentiator for skill building at Howden Insurance Brokers India.
Over the years, L&D has risen to become more than a program operating in the background. It has evolved as a part the Howden India culture - and one that more and more employees are seeking out.
More specifically, the respective department heads give special focus on the conduct, values and practices of the company during the 'on job training' to ensure maximum alignment with the company norms and IRDAI regulations.
Mahesh Chainani, Director & Principal Officer, informs: "We have drawn up a training calendar based upon the training needs of the various teams. We conduct regular induction training programs both at time of joining and once during every quarter. We design every training program with the program outcomes in mind, while addressing the challenges faced specific to the insurance broking business."
SKILLS, STANDARDS, SESSIONS
The training needs of the various teams include soft skills, product knowledge and functional skills. Soft skills training covers communication (oral & written), conflict management, negotiations, problem solving and time management. Training also covers knowledge about lines of business (liability, fire, marine, claims, etc.), functional skills like MS Office applications, fire drill and safety, software tools, quality and security process.
The company gives special focus to the IRDAI regulations and guidelines as per 'Insurance Brokers Code of Conduct' which covers various factors such as during sales practice, while furnishing information, while explaining insurance contract, etc.
This story is from the January 2023 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 2023 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Key Russian central bank official leaves
The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.
Better prospects for Swiss banking in 2024, says new study
The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:
Ease of use, personalization & consistent engagement promotes digital loyalty
Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:
From Feet on Street to Fingers on Screen
Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:
Digitization embraces the senior citizens
Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:
Making of the most connected bank in Bangladesh
A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:
Digital embraces Archaeological Tourism
Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:
Tech will bridge Advisory and Education
Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:
AI bridges Protection and Prevention
Gyanendra Singh, Chief Technology Officer, Aviva India:
Bridging Products & Distribution for Rural Markets
Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance: