Insurance Executive
6 months ago
1. **Client Management**
- **Client Acquisition**: Identifying and acquiring new clients through various channels such as cold calling, networking, and referrals.
- **Client Retention**: Maintaining relationships with existing clients, addressing their needs, and ensuring high levels of customer satisfaction.
- **Policy Explanation**: Explaining different insurance policies, coverage details, and benefits to clients to help them make informed decisions.
2. **Sales and Marketing**
- **Sales Targets**: Meeting or exceeding sales targets and objectives set by the organization.
- **Marketing Campaigns**: Participating in and organizing marketing campaigns and promotional activities to attract potential clients.
- **Product Promotion**: Promoting various insurance products, such as life, health, auto, and property insurance.
3. **Policy Management**
- **Policy Issuance**: Overseeing the issuance of insurance policies, ensuring accuracy and compliance with company guidelines and regulatory requirements.
- **Policy Renewals**: Managing the renewal process of existing policies, including sending reminders to clients and updating policy details.
- **Claims Processing**: Assisting clients in the claims process, including documentation, submission, and follow-up to ensure timely settlement.
4. **Risk Assessment and Underwriting**
- **Risk Evaluation**: Assessing the risk associated with potential clients and determining appropriate coverage and premiums.
- **Underwriting**: Collaborating with underwriters to finalize insurance terms and conditions.
5. **Compliance and Documentation**
- **Regulatory Compliance**: Ensuring all activities comply with relevant insurance laws and regulations.
- **Documentation**: Maintaining accurate and up-to-date records of client interactions, policy details, and transactions.
6. **Customer Service**
- **Support and Guidance**: Providing ongoing support and guidance to clients regarding their insurance policies and any issues that arise.
- **Feedback Handling**: Addressing client complaints and feedback to improve service quality and client satisfaction.
7. **Team Collaboration**
- **Coordination**: Working closely with other team members, including sales agents, underwriters, and customer service representatives, to ensure a cohesive approach to client management and policy administration.
- **Training**: Providing training and support to junior staff and new hires.
8. **Financial Management**
- **Premium Collection**: Overseeing the collection of insurance premiums from clients.
- **Financial Reporting**: Preparing reports on sales, renewals, and financial performance for management review.
9. **Strategic Planning**
- **Market Analysis**: Analyzing market trends and competitor activities to develop effective sales strategies.
- **Business Development**: Identifying opportunities for business growth and developing plans to expand the client base.
10. **Technology Utilization**
- **Software Use**: Utilizing insurance software and CRM systems to manage client information, policy details, and sales activities.
- **Data Analysis**: Analyzing data to identify trends and improve decision-making processes.
Key Skills and Qualifications
- **Communication Skills**: Strong verbal and written communication skills to effectively interact with clients and team members.
- **Sales Ability**: Proven sales experience and the ability to meet targets.
- **Analytical Skills**: Ability to analyze data and assess risk.
- **Attention to Detail**: Ensuring accuracy in policy details and documentation.
- **Customer Service Orientation**: A strong focus on providing excellent customer service.
- **Regulatory Knowledge**: Understanding of relevant insurance laws and regulations
**Job Types**: Full-time, Permanent
Pay: ₹350,000.00 - ₹400,000.00 per year
**Benefits**:
- Provident Fund
Schedule:
- Day shift
Supplemental pay types:
- Performance bonus
- Yearly bonus
**Experience**:
- Insurance sales: 4 years (preferred)
Work Location: In person
**Speak with the employer**
+91 7378473775
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