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| CFP Certificate Becomes Famous in Insurance Business |
| 18 February 2009 |
| Recent 14 tests had 2,496 applicants... Increased drastically, more than double in recent 3 years. "Professional certificate is the asset" |
| [insura.net] Recently, more and more people have tried to obtain certificates to prepare for an unstable future in the aftermath of today’s economic slump. |
| However, not every certificate is a great advantage. |
| In these ‘Red Ocean' society, one can’t survive with common certificates. As a result, Certified Financial Planner (CFP), one of the competitive ‘Blue Ocean’ certificates, has gained a lot of attention. |
| In this regard, we analyzed applicants and successful CFP certificate holders in Korea during 2006-2008. |
The results are as follows.
▲In 2006 (9th • 10th), 535 successful applicants (total applicants 2496) ▲In 2007 (11th • 12th), 722 (total 3336) ▲In 2008 (13th • 14th) 1146 (total 4792). |
| We can easily see that the number of applicants and successful certificate holders has doubled, particularly in the last 2 years. |
| This fact implicates that as things get more difficult, professional certificates such as CFP act as a strong background or foundation for successful employment. |
| Another reason is the increase of financial customers’ level of needs. |
| As a result, insurance, bank, and securities businesses have encouraged employees to obtain CFP certification. |
| This proves that they regard the CFP certificate as a ‘competitive edge in today’s economic slump’. |
| The CFP pass rate among the top 10 employees in insurance business is also noticeable. |
| So far, PBs of bank and securities business have occupied most of the top 10, but the top applicant in the latest (14th) CFP belonged to Mirae Asset Life Insurance. |
| After analyzing the insurance companies to determine which company produces the most 'Top 10 successful applicants’, Prudential Life Insurance of Korea was shown to be the leader with 6 successful applicants. |
| Next in line were AIG, Met Life, and ING Life with 3 successful applicants each. Hyundai Marine & Fire Insurance and Allianz Life produced 2, and Samsung, Tong Yang, Mirae Asset Life, and Dongbu Insurance each produced 1 successful applicant. |
| According to an insurance business official, "VIP customers determine the ability of a financial company based on the existence of competitive consultants,” and “for this reason the importance of a financial planner with comprehensive consulting capacities, such as CFP certification, is increasing." |
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