| Insurance Broker Job Description |
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| The following is a full job description for Insurance Broker. Here are the requirements and responsibilities for Insurance Broker along with statistics. If after reading this page you determine that Insurance Broker is not the position you are looking for, you may want to try one of these similar titles: Insurance Broker Trainee, Insurance Broker Executive, Insurance Senior Broker, Insurance Managing Broker, Broker Relations Representative, Insurance Risk Analyst V, Insurance Risk Manager, Claims Examiner I, Claims Examiner II |
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| Requirements and Responsibilities For Insurance Broker |
| Develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Develops recommendations to advises customers on the best options that will meet their needs and to place and retain the business. Requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience. |
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| Also referred to as: Insurance Placement Specialist I |
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| Similar Jobs: Insurance Broker Trainee, Insurance Broker Executive, Insurance Senior Broker, Insurance Managing Broker, Broker Relations Representative, Insurance Risk Analyst V, Insurance Risk Manager, Claims Examiner I, Claims Examiner II |
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| Level of Education: Insurance Broker Salaries with No Diploma, Insurance Broker Salaries with a High School Diploma or Technical Certificate, Insurance Broker Salaries with an Associate's Degree, Insurance Broker Salaries with a Bachelor's Degree, Insurance Broker Salaries with a Master's Degree or MBA, Insurance Broker Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Business Services, Financial Services, Insurance | |
