Description:
Placement of Insurance Policies:
- Collaborate with insurance carriers to obtain quotes and negotiate policy terms and conditions.
- Analyze client needs and risks to identify appropriate insurance solutions.
- Prepare accurate and comprehensive insurance submissions for underwriting purposes.
- Review policy documentation to ensure accuracy and compliance with regulatory requirements.
Client Service Management:
- Serve as the primary point of contact for clients regarding policy inquiries, changes, and claims.
- Provide prompt and accurate responses to client inquiries, addressing concerns and resolving issues efficiently.
- Conduct policy reviews to assess coverage adequacy and identify opportunities for upselling or cross-selling.
- Assist clients with policy renewals, endorsements, cancellations, and other service-related processes.
Relationship Management:
- Develop and maintain strong relationships with insurance carriers, fostering productive partnerships.
- Stay up-to-date with industry trends, market conditions, and changes in insurance products and regulations.
- Collaborate with insurance carriers to negotiate competitive terms and secure favorable policy conditions for clients.
- Attend industry events and networking activities to expand professional contacts and enhance business opportunities.
Documentation and Reporting:
- Maintain accurate and organized client records, policy documentation, and correspondence.
- Generate reports and provide regular updates to management on placement activities, service metrics, and client feedback.
- Ensure compliance with internal policies, industry regulations, and data protection requirements.
Qualifications:
- Bachelor's degree in Business, Finance, Risk Management, or a related field.
- In-depth knowledge of insurance products, coverage types, and policy wordings are preferred.
- Strong negotiation and communication skills to effectively interact with clients and insurance carriers.
- Excellent attention to detail and ability to analyze complex insurance information.
- Proficiency in and MS Office Suite.
- Professional certifications such as Chartered Insurance Institutes (CII) are preferred
- Strong organizational and time management abilities to handle multiple tasks and prioritize effectively.
- Demonstrated problem-solving skills and ability to work independently as well as part of a team.