Insurance Broker Job Description

Insurance Broker Job Description

169 votes for Insurance Broker
Insurance broker provides market broking support to our London office into the various insurance and reinsurance markets in Asia.

Insurance Broker Duties & Responsibilities

To write an effective insurance broker job description, begin by listing detailed duties, responsibilities and expectations. We have included insurance broker job description templates that you can modify and use.

Sample responsibilities for this position include:

Possessing a thorough understanding of all major classes of insurance which the Company offers to its clients and keep abreast of all new technical issues and product developments
Minimum of 7 years of Life Insurance Product experience with a Private Bank, reputable Brokerage Firm or an Insurance Company (in France preferably)
Works closely with Team Leaders, Producers, Account Executives and other client facing team members to understand and deliver on client’s needs
Directs the overall development and growth of personal book of business and assists in the development of the team members
Provide a thorough review and analysis of renewal information
Contacting other departments to obtain information requested by customers claims
Meets established service targets
Contacts other departments to obtain information requested by customers claims
Generates new business opportunities by recommending products/services where appropriate
Up-sells or cross-sells products/services to existing clients

Insurance Broker Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Insurance Broker

Typically a job would require a certain level of education.

Employers hiring for the insurance broker job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business/Administration, Education, Business, Management, Finance, Law, Marketing, Associates, Technical, Economics

Skills for Insurance Broker

Desired skills for insurance broker include:

Microsoft Office Suite
Insurance contracts/structure
Effective time management skills
Good work ethic
Human relations skills to meet performance standards and positively influence the client's image
Mainframe and computer and internet applications
English is an asset
Insurance market in order to address client and technical issues

Desired experience for insurance broker includes:

Updates customer records on computer system
Resolves customer concern/complaints within authority limits
Provides post sales customer service, policy changes
Reviews coverage(s) and recommends changes as necessary
Maintains quality controls, checks work for accuracy
Manage accounts receivable

Insurance Broker Examples


Insurance Broker Job Description

Job Description Example
Our company is looking for an insurance broker. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for insurance broker
  • Refers complex/difficult customer complaints/inquiries to team leader or supervisor
  • Maintains general knowledge and understanding of all products/services
  • Provides telephone coverage backup
  • Produce policy documentation in line with the requirements of the client
  • Proactively handle tasks in line with client requirements and departmental procedures
  • Based upon the “assist, advise, and assume” transaction model, submit coverage specifications and obtain quotes from carriers
  • Build and maintain relationships with practice, insurance markets, and clients
  • Act as the primary source of information concerning market conditions, including pricing trends, coverage grants, and other underwriting parameters
  • Work closely with Client Executives and client teams to support client retention and new business production
  • Articulate the value of placement function and participate within Pricing of Services as applicable
Qualifications for insurance broker
  • The ability to remain calm and level headed under pressure
  • Proven experience of working within a targeted driven environment
  • A willingness to learn and develop existing skills set
  • Placement negotiation and transaction management
  • Develop placement strategies in conjunction with Client Executives, business leaders, and/or clients
  • Submit coverage specifications and obtain quotes from carriers

Insurance Broker Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of insurance broker. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for insurance broker
  • Keep Placement Specialists informed of market conditions including pricing trends, coverage grants, and other underwriting issues
  • Make presentations to clients and prospects
  • Maintain expense controls to help achieve financial goals
  • P&L ownership of the performance marketing sales department
  • Guide a team of license sales professionals toward meeting corporate sales goals (Medicare Advantage, Medicare Supplement, Life, ancillary products)
  • Ability to coach and teach agents on sales techniques that result in increased agent production
  • Direct the staff efforts to ensure both compliance with CMS standards and enrollment goals are met
  • Provide leadership to staff including establishing and maintaining regular team meetings providing ongoing support and coaching
  • Overlooking and handling of insurance / brokerage processes (KYC completion, application handling, archiving, pipeline management)
  • Meeting and advising prospects, support RMs in insurance driven topics
Qualifications for insurance broker
  • Utilize the company's integrated PC network that builds and shares placement information and makes use of the company's network resources to enhance knowledge and skills
  • Is proactive in solving client needs and has a sense of urgency in all client matters
  • Results oriented with a strong client service orientation
  • Need strong operations and workflow skills
  • Prior Medicare experience is a plus, but not required
  • Seven+ years of successful sales management of an inside sales operation

Insurance Broker Job Description

Job Description Example
Our company is growing rapidly and is hiring for an insurance broker. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for insurance broker
  • Travelling on a regular basis
  • University Degree with an analytical mind
  • Deep knowledge of Life Insurance products offered by Luxembourg-based life insurance companies within the context of the Freedom-to-Provide-Services Provision
  • Must be fluent in French, English – a 3rd language would be a plus (Spanish, Italian or German)
  • Solid understanding of operational processes within a Bank, Broker, Insurance company
  • Sound understanding of regulatory and industry relevant developments
  • Very good communication & stakeholder management skill
  • Motivated, sales and service oriented and flexible character with strong interest for life insurance products
  • Responsible for overall profitability and growth of assigned broker relationships
  • Operates as executive-level liaison and manages a defined number of GRS’s largest external business partners
Qualifications for insurance broker
  • Work experience within the commercial lines insurance industry is a must
  • Previous supervisory / management experience in a 50+ seat call center environment
  • Must be a proactive, hands-on leader with a proven strategic vision who will drive operational performance with a high degree of accountability and integrity
  • Operate independently in managing complex situations and/or projects
  • Anticipate risk and develop plan to mitigate the risk
  • Must possess a strong sense of integrity and be able to manage an office independently and maintain high personal and professional standards

Insurance Broker Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of insurance broker. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for insurance broker
  • Applies consistent framework to analyze and optimize effectiveness of the relationship for each broker house
  • Facilitates consistent execution of strategic/tactical plans between brokers, the field and home office teams
  • Coordinates/negotiates the design of compensations plans, incentives and other initiatives
  • Coordinates local and top-down planning processes, monitors results and develops action plans to drive desired results
  • Coordinates negotiation and internal utilization of brokers tools (e.g., GRIP, Marsh Connect, Willis, etc)
  • Flexible on Location of Role as long as travel requirements are met
  • Build and maintain relationships with the M&A community, including financial sponsors, corporates, law firms and other advisors
  • In a lead role, consult, advise and broke and Transactional Risk solutions
  • Manage and take ownership of the policy and coverage negotiation process to develop enhanced and bespoke policy wordings to ensure the client’s commercial objectives are achieved
  • Efficiently managing the placement and processing of Healthcare Professional Liability Insurance programmes for predominantly large USA Institutional (Hospitals) organisations
Qualifications for insurance broker
  • Must be licensed and appointed by ConnectiCare and Anthem
  • Ideally, a minimum of 5 years Insurance Broking experience within general lines
  • Prior experience managing a portfolio (medium to large corporate accounts)
  • Possess a thorough understanding of all aspects of insurance and indemnity provisions of various forms of Construction contracts (desirable)
  • Ideally, a minimum of 4-5 years broking experience within General and/or Financial and Professional lines of experience would be highly regarded
  • Tier 1 FSRA compliance or further relevant broking qualifications or related studies will be highly regarded

Insurance Broker Job Description

Job Description Example
Our growing company is looking for an insurance broker. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for insurance broker
  • Continuing to maintain strong relationships with clients and strategic insurers is an important aspect of the position
  • Face-to-face negotiation with insurers is a significant part of the role
  • Providing top quality service to clients in technical and social situations, including attendance/hosting multiple dinners with clients and underwriters
  • The job will also involve an element of new business generation working very closely with colleagues across the USA in the production of new business opportunities to the team
  • Manage global and country specific insurances related to liability, professional indemnity, D&O and marine insurances
  • Assist the businesses and projects reviewing and identifying insurance related contract issues and needs at (mainly) tender stage
  • Analyze coverage needs, collect and analyze relevant information to identify risk transfer solutions
  • Advice on placement design, likely pricing, potential coverage enhancements and market progress
  • Responsible for negotiating terms and conditions of placement with underwriters, obtaining quotes and handling underwriter inquiries
  • Cooperation and coordination with our global insurance broker network and business units worldwide
Qualifications for insurance broker
  • Ideally, a minimum of 3- 5 years of experience broking financial and professional lines
  • Tier 1 FSRA Compliance is essential and a tertiary qualification in Insurance Broking will be highly regarded
  • Commitment to providing high level client service ability to operate in a team environment
  • It is also essential that you are capable of meeting deadlines, working well under pressure and providing mentorship to junior team members
  • Diploma/Degree in insurance or equivalent and at least 4 years of working experience in the general insurance industry
  • Ideally, a minimum of 5 years broking experience within general lines

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