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Anonymous Posted 16 years ago
Essay & Composition Writing
Statement of Purpose
Request your guidance on the below STATEMENT OF PURPOSE which is required for further studies at UK University.
STATEMENT OF PURPOSE
”Profit is a consequence of uncertainty”
“In a world of change and uncertainty we live. We live only by knowing something about the future; while the problems of life or of conduct at least, arise from the fact that we know so little. This is as true of business as of other spheres of activity”. The real management challenges are uninsurable risks. In the case of insurable risks, risk is avoided at a cost.
The insurance industry in is on the threshold of a new era of rapid expansion. A more competitive environment is emerging with new participants entering the insurance industry. We need specialists who can work in insurance industry with newer principles, methodologies, tools and practices in the field of risk management. It is this challenging field in which I would like to gain apogee of technical expertise.
ACADEMIC BACKGROUND
Since school days, I have always been regarded as a smart leader and a good sportsman having been badge as a student’s president throughout my school and university education. I was always been among the few students who represented school & college at various interschool/college events. My passion of understanding & learning newer things motivated me to take my higher education from the commercial hub of India – . Being from a family with academic & business excellence embed me to take management studies seriously as I was good with my studies. I took my post graduation as a platform to reform myself towards academic brilliance and did very good throughout my PG.I gained a lot of confidence and feel ablaze with the changed self. This also created a hunger to see myself as a self made person with high aptitude of knowledge and determination.
AREA OF INTEREST
Insurance, as a field, had always fascinated me right from my first day of job at ’s largest and biggest insurance company. I believe that my penchant for this field stems from the fact that insurance & risk management is the widest field that manages the globe with stabilization in financial stress. The unique mechanism of risk management and risk diversification is very exciting. Risk is inherent in all economic activities. Without some kind of cover against risk, some of these activities will not be carried out at all. Insurance and economic growths mutually influence each other. As the assets of people and of business enterprises increase in the growth process, the demand for general insurance also increases. In fact, as the economy widens the demand for new types of insurance products emerges. The total premium collected by the insurers both life and non-life in 2007-08 was Rs.1,30,335 crore. The insurance penetration i.e., premia as percentage of GDP was 3.37 per cent in 2006. While this ratio is steadily increasing, it is far below the world average of 8.06 per cent. This shows the vast potential that exists and the opportunities that this brings for young professionals.
I have always enjoyed and been strong in areas that require problem solving, analytical and managerial skills, and I am anxious to combine the knowledge of, and aptitude for, these skills with my interest in gaining apogee of technical know-how of this great subject. I want to explore risk management while intend to gain specialized knowledge and global exposure. Being a sport-star made me very determined towards my goal and have always helped me reach the stars. Throughout my tenure with ICICI I am vibrant in performance and have attained continues elevation. I joined the company at an executive level handling a non-metro location. With my team handling skill-set and aggressiveness towards company goals helped to emerged as a top performer and also got me promotion in middle management at a metro location. With consistency and determination today I am among the youngest lot of senior management at ’s financial hub – Mumbai as an area head. I am known for my knack of insurance knowledge and my anticipation in learning new aspects which helped me to be a part of train the trainer program at my company.
PREPARATION FOR POSTGRADUATE STUDY
I have an aspiration to make a big name in insurance & risk management as a career for several years, but as sales professional am not much exposed towards the technicalities of this subject. This in-fact excites me more to take further studies in the subject matter as risk management will be the most needed tool with this diversification in business models. The five years of working experience in insurance industry and my MBA program makes me equipped with the problem solving and analytical skills required to excel in the demanding profession of risk management. I have good hands on Mathematical skills, Differential Equations, Probability and Statistics. The computer skills include Spreadsheets, MS Excel; Analytical Software, MS Accounting, MS Money.
Licentiate program and a Re-insurance program which I have successfully completed gives me an edge while working and this inspires me on gaining the apotheosis that will provided me the opportunity to look more closely in the functioning of risk & insurance mechanism.
CAREER PLANS
I am very much inclined to understand the broad theoretical foundation of risk management and more specifically the in-depth knowledge of the latest techniques of risk analysis and modeling along with financial methods in insurance. I want to leverage my existing skills with the knowledge of global exposure of insurance and risk management in our scenario. To obtain a rigorous, demanding and rewarding position in this profession the knowledge and skills will stitch in time and help me to achieve my long-term career goals.
In the long-term, such knowledge, skills and experience will help me play a vital role for Indian industry in designing, implementing and monitoring risk mechanism, planning and executing the financing initiatives, and interfacing with the insurance community. To this end, I would also like to gain knowledge in how to identify, control and finance risk by combining insurance programmes, hedging strategies and techniques such as Alternative risk Transfer (ART) during my studies at Cass University.
WHY UK & CASS FOR POSTGRADUATION
Aspirations is endless and so is knowledge. Learning is process and has always created an impact. The passion to make a different tomorrow, I prefer to change today. This is the essence of success. is the hub for financial studies that also creates challenges, rewards and satisfaction that is very reassuring. This inspired me to think and dream about higher studies. I realized that this is just beginning of a bigger dream. This wouldn’t be not only interesting but also satisfying as it is in line with my career aspirations, more than anything else this inspires me to dream bigger.
Choosing CASS comes from the fact that the program offered is the only post-graduate qualification endorsed by CII. Insurance & Risk Management department at Cass epitomize a vibrant academic community, rich and diverse in its field of study and dynamic in its freedom for explanation. This is why I look forward to the selection and admission committees to turn my passion into concrete abilities – not just acquire a foundation of knowledge about how the insurance works but also what is its pragmatic aspect.
Thanking you for giving me an opportunity to express myself.
Best Regards,
Avez
STATEMENT OF PURPOSE
”Profit is a consequence of uncertainty”
“In a world of change and uncertainty we live. We live only by knowing something about the future; while the problems of life or of conduct at least, arise from the fact that we know so little. This is as true of business as of other spheres of activity”. The real management challenges are uninsurable risks. In the case of insurable risks, risk is avoided at a cost.
The insurance industry in is on the threshold of a new era of rapid expansion. A more competitive environment is emerging with new participants entering the insurance industry. We need specialists who can work in insurance industry with newer principles, methodologies, tools and practices in the field of risk management. It is this challenging field in which I would like to gain apogee of technical expertise.
ACADEMIC BACKGROUND
Since school days, I have always been regarded as a smart leader and a good sportsman having been badge as a student’s president throughout my school and university education. I was always been among the few students who represented school & college at various interschool/college events. My passion of understanding & learning newer things motivated me to take my higher education from the commercial hub of India – . Being from a family with academic & business excellence embed me to take management studies seriously as I was good with my studies. I took my post graduation as a platform to reform myself towards academic brilliance and did very good throughout my PG.I gained a lot of confidence and feel ablaze with the changed self. This also created a hunger to see myself as a self made person with high aptitude of knowledge and determination.
AREA OF INTEREST
Insurance, as a field, had always fascinated me right from my first day of job at ’s largest and biggest insurance company. I believe that my penchant for this field stems from the fact that insurance & risk management is the widest field that manages the globe with stabilization in financial stress. The unique mechanism of risk management and risk diversification is very exciting. Risk is inherent in all economic activities. Without some kind of cover against risk, some of these activities will not be carried out at all. Insurance and economic growths mutually influence each other. As the assets of people and of business enterprises increase in the growth process, the demand for general insurance also increases. In fact, as the economy widens the demand for new types of insurance products emerges. The total premium collected by the insurers both life and non-life in 2007-08 was Rs.1,30,335 crore. The insurance penetration i.e., premia as percentage of GDP was 3.37 per cent in 2006. While this ratio is steadily increasing, it is far below the world average of 8.06 per cent. This shows the vast potential that exists and the opportunities that this brings for young professionals.
I have always enjoyed and been strong in areas that require problem solving, analytical and managerial skills, and I am anxious to combine the knowledge of, and aptitude for, these skills with my interest in gaining apogee of technical know-how of this great subject. I want to explore risk management while intend to gain specialized knowledge and global exposure. Being a sport-star made me very determined towards my goal and have always helped me reach the stars. Throughout my tenure with ICICI I am vibrant in performance and have attained continues elevation. I joined the company at an executive level handling a non-metro location. With my team handling skill-set and aggressiveness towards company goals helped to emerged as a top performer and also got me promotion in middle management at a metro location. With consistency and determination today I am among the youngest lot of senior management at ’s financial hub – Mumbai as an area head. I am known for my knack of insurance knowledge and my anticipation in learning new aspects which helped me to be a part of train the trainer program at my company.
PREPARATION FOR POSTGRADUATE STUDY
I have an aspiration to make a big name in insurance & risk management as a career for several years, but as sales professional am not much exposed towards the technicalities of this subject. This in-fact excites me more to take further studies in the subject matter as risk management will be the most needed tool with this diversification in business models. The five years of working experience in insurance industry and my MBA program makes me equipped with the problem solving and analytical skills required to excel in the demanding profession of risk management. I have good hands on Mathematical skills, Differential Equations, Probability and Statistics. The computer skills include Spreadsheets, MS Excel; Analytical Software, MS Accounting, MS Money.
Licentiate program and a Re-insurance program which I have successfully completed gives me an edge while working and this inspires me on gaining the apotheosis that will provided me the opportunity to look more closely in the functioning of risk & insurance mechanism.
CAREER PLANS
I am very much inclined to understand the broad theoretical foundation of risk management and more specifically the in-depth knowledge of the latest techniques of risk analysis and modeling along with financial methods in insurance. I want to leverage my existing skills with the knowledge of global exposure of insurance and risk management in our scenario. To obtain a rigorous, demanding and rewarding position in this profession the knowledge and skills will stitch in time and help me to achieve my long-term career goals.
In the long-term, such knowledge, skills and experience will help me play a vital role for Indian industry in designing, implementing and monitoring risk mechanism, planning and executing the financing initiatives, and interfacing with the insurance community. To this end, I would also like to gain knowledge in how to identify, control and finance risk by combining insurance programmes, hedging strategies and techniques such as Alternative risk Transfer (ART) during my studies at Cass University.
WHY UK & CASS FOR POSTGRADUATION
Aspirations is endless and so is knowledge. Learning is process and has always created an impact. The passion to make a different tomorrow, I prefer to change today. This is the essence of success. is the hub for financial studies that also creates challenges, rewards and satisfaction that is very reassuring. This inspired me to think and dream about higher studies. I realized that this is just beginning of a bigger dream. This wouldn’t be not only interesting but also satisfying as it is in line with my career aspirations, more than anything else this inspires me to dream bigger.
Choosing CASS comes from the fact that the program offered is the only post-graduate qualification endorsed by CII. Insurance & Risk Management department at Cass epitomize a vibrant academic community, rich and diverse in its field of study and dynamic in its freedom for explanation. This is why I look forward to the selection and admission committees to turn my passion into concrete abilities – not just acquire a foundation of knowledge about how the insurance works but also what is its pragmatic aspect.
Thanking you for giving me an opportunity to express myself.
Best Regards,
Avez
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