The relationship between qualifications and experiences on top management positions in insurance industry in Sri Lanka

It can be observed that there is a gap in the empirical knowledge with regard to Non Demographic Dynamics and top management positions in insurance industry in Sri Lanka. The study examined the qualifications and experience of top management personal under non demographic dynamics. The research questions were what are the required qualifications for climb to top management positions in different functional areas of Insurance industry in Sri Lanka? And what is the expected No of years experience for top management positions in Insurance industry in Sri Lanka? The objective of the study was to exploratory study on the qualification and number of years experience requirements for top management positions in insurance industry in Sri Lanka. The study is an exploratory study and 7 top management positions and 65 top management people were selected to achieve the research objectives. The data were collected referring published annual reports of insurance companies in 2011 and by referring published news papers and related articles.

No of years experience and types of qualifications were analyzed and categorized according to their similarities. Based on the identified qualifications and experiences a model was developed to provide bench marking for qualifications and experiences and these finding are useful to all the parties whose are interested in insurance industry and human resource management.