Insurance Broker

J.S.F


Date: 1 day ago
Area: Singapore, Singapore
Salary: SGD 4,000 - SGD 6,000 per month
Contract type: Full time

Key Responsibilities:

  • Needs Assessment: Understanding clients' specific insurance needs, risks, and financial situations.
  • Policy Research: Investigating various insurance policies and coverage options from different insurers.
  • Advice and Recommendation: Providing expert advice and recommendations on the most suitable insurance policies for clients' needs.
  • Negotiation: Negotiating policy terms and costs with insurance providers to secure the best coverage and rates.
  • Client Relationship Management: Building and maintaining strong client relationships, addressing their questions and concerns, and managing their policies.
  • Policy Management: Assisting clients with policy renewals, changes, and claims management.
  • Staying Updated: Keeping abreast of industry trends, changes to regulations, and new insurance products.

Types of Insurance Brokers:

  • Junior Brokers: May assist with administrative tasks, client support, and basic policy research.
  • Senior Brokers: Manage complex accounts, build client relationships, oversee strategic negotiations, and provide expert advice.
  • Independent Brokers: Work independently or for a brokerage firm, offering a wide range of insurance options.
  • Specialized Brokers: Focus on specific types of insurance, such as health, property, or business insurance.
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