Problems of HRD in Insurance Sector

Abstract

The HRD concept is much wider and the commitment is for the long term. It embraces almost all areas of an organization and places emphasis on the development of individuals as integral parts within an organization along with the development of methods and systems. HRD in the context of insurance is not only acquisition of new knowledge and skills but also
acquiring capabilities to manage both internal and external environment attaining self confidence and motivation for public service. On account of the importance attached to the human resources in the national context for William Petty in the seventeenth century attempt to quantity the value of the human resources in monetary terms. The classical economists like
Adam Smith, Jean Baptise say, and Nssam W. Senior, Neo-classical economists like Alfred Marshall, and Jr. Wing Fisher and modern Human capital economists like Theodre W. Schultz, Grey S. Becker and Lester Throw have recognized human resource as an important asset like many other productive assets of material nature. Peter Drucker, an international management expert, has remarked that economic forces but they are essentially human achievements. Thus human beings are viewed as important resources both in the past and at present. It hold good even in future also.