Insurance agent Job Description

March 19, 20120 Comments

Insurance agent Job Profile and Description

Insurance agents sell insurance policies to individuals and companies by understanding their needs, requirements and financial conditions. There are two broad types of insurance agents: Captive agents are those who work for a particular insurance organization, and only sell that organization’s products. Independent insurance agents may represent several companies and offer those services to the clients. Insurance may include property and casualty, life, health, disability etc. Many insurance agents also sell Ulips, mutual funds and other securities.

Duties and Responsibilities

  • Insurance agents sell life, property, casualty, health, automotive, or other types of insurance
  • They have to attend meetings and programs to learn about new products and services and receive technical help in developing new accounts
  • They help in calculating the premiums and establish the payment method
  • They have to contact the policyholders to deliver and explain the policy, to analyze the policy and to make any changes in the scheme or beneficiaries
  • They understand the customer’s requirements and customize the insurance programs to suit those needs, often covering a variety of risks
  • They need to develop marketing strategies to compete with other agents who sell insurance
  • They must make sure that all the policy requirements are fulfilled, like medical examinations and the completion of forms
  • They need to demonstrate and explain features, advantages and disadvantages of various policies
  • They have to inspect property, examining its general condition to determine if it is a good insurance risk
  • They interview prospective clients to obtain data about their financial resources, and physical conditions
  • They need to maintain records and handle policy renewals

Skills and Specifications

  • Insurance agents need to have very good communication and negotiation skills
  • They must be hardworking and meet deadlines and targets on time/

Education and Qualifications

Those interested in this field can go for any bachelor’s degree in the field of finance, accounting, sales or business administration.

Download Insurance Agent Job Description in Word Format

Filed in: Insurance Job Descriptions
Tagged with:

Leave a Reply

Back to Top