The insurance industry plays a central role in the national economy because it covers the risks faced by businesses and individuals—that is, it provides financial protection against those risks. This is particularly crucial in times of rapid technological, economic, political, climatic, and demographic change, so that society can fully realize its potential for progress despite uncertainties. In Switzerland, there is a particularly strong need for security, and people are highly willing to bear the costs of appropriate insurance. However, the range of insurance products is not only vast but can also be difficult to understand at times; in such cases, it is wise to have an expert—such as an insurance specialist with a Federal Diploma of Higher Education—at your side. They are experts in the areas of claims processing, risk consulting, brokerage, underwriting, sales support, retirement planning and financial advising, management consulting, and the analysis of corporate portfolios.
The Federal Professional Examination for insurance specialists is a federally recognized examination and leads to a Federal Diploma of Higher Education. Together with the Federal Professional Examination for health insurance specialists and social insurance specialists, it is one of three continuing education options in the insurance sector at the first level of advanced vocational education.
Federal Professional Examinations offer the opportunity for initial specialization following vocational education and training (VET) and are highly valued by employers because of their practical focus.
The Federal Professional Examination for insurance specialists has been in existence since 1999. It is organized by the Insurance Industry Vocational Training Association (VBV), which is committed to ensuring a sustainable educational landscape for the insurance industry and thus performs important work both for insurance companies seeking well-trained professionals and for employees who wish to pursue serious continuing education, further training.