ISCO Occupation Group 3321.1 Insurance Broker
From Open Risk Manual
Definition
Insurance Broker: Insurance brokers promote, sell and provide advice on various insurance policies such as life insurance, health insurance, accident insurance and fire insurance to individuals and organisations. They also work as intermediaries between individuals or organisations and insurance companies, and negotiate the best insurance policies for their clients, arranging insurance cover where needed. Insurance brokers engage with new prospective clients, provide them with quotes for their policy needs, assist them in the signing of new insurance contracts and propose specific solutions to their specific problems.
Essential Skills
- Sales Promotion Techniques
- Create Insurance Policies
- Calculate Insurance Rate
- Sell Insurance
- Compare Insurance Products
- Insurance Law
- Advise On Financial Matters
- Analyse Insurance Needs
- Insurance Market
- Actuarial Science
- Claims Procedures
- Prospect New Customers
- Types Of Insurance
- Apply Technical Communication Skills
- Protect Client Interests
- Inform On Insurance Products
- Principles Of Insurance
- Handle Financial Transactions
Optional Skills
- Customer Service
- Manage Contract Disputes
- Financial Products
- Promote Financial Products
- Initiate Claim File
- Maintain Relationship With Customers
- Organise A Damage Assessment
- Monitor Legislation Developments
- Manage Claim Files
- Apply Statistical Analysis Techniques
- Provide Cost Benefit Analysis Reports
- File Claims With Insurance Companies
- Tax Legislation
- Manage Claims Process
- Build Business Relationships
- Social Security Law
- Use Data Processing Techniques
- Contract Law
- Maintain Records Of Financial Transactions
- Analyse Insurance Risk
- Modern Portfolio Theory
- Create Cooperation Modalities
- Deliver Visual Presentation Of Data
- Decide On Insurance Applications
- Develop Investment Portfolio
- Manage Contracts
- Identify Clients' Needs
- Analyse Claim Files
Alternative Names
- Insurance Seller
- Household Insurance Broker
- Insurance Sales Advisor
- Retail Insurance Broker
- Property And Casualty Insurance Agent And Broker
- Insurance Sales Agent
- Insurance Sales Consultant
- Insurance Agent
- Life Insurance Representative
- Insurance Sales Person
- Personal Lines Insurance Broker
- Sales Insurance Supervisor
- Life Insurance Broker
- Commercial Insurance Broker
- Insurance Intermediary
- Insurance Sales Adviser
- Insurance Sales Representative
