insurance broker

Description

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.

EssentialOptional

Theoretical Knowledge

insurance market types of insurance insurance law sales promotion techniques actuarial science claims procedures principles of insurance modern portfolio theory customer service financial products social security law tax legislation contract law

Practical Skills

analyse insurance needs apply technical communication skills protect client interests inform on insurance products compare insurance products prospect new customers advise on financial matters create insurance policies sell insurance calculate insurance rate handle financial transactions manage claims process analyse insurance risk monitor legislation developments promote financial products maintain records of financial transactions provide cost benefit analysis reports deliver visual presentation of data manage contracts develop investment portfolio decide on insurance applications build business relationships manage claim files apply statistical analysis techniques file claims with insurance companies analyse claim files maintain relationship with customers initiate claim file use data processing techniques create cooperation modalities identify clients' needs manage contract disputes organise a damage assessment