Will “Insurance Broker” be Replaced By Robots? 🤔
92% Chance of Automation
“Insurance Broker” will probably be replaced by robots.
This job is ranked #565 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
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Job Description
Sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.
Job Details
- The SOC (Standard Occupational Classification) code is 41-3021.00
- The Mean Annual Wage in the U.S. is $ 67,760.00
- The Mean Hourly Wage is $ 32.00
- Currently, there are 385,700 people on this job
☝️ Information based on the reference occupation “Insurance Sales Agents”.
Also Known As…
- Insurance Sales Agents
- Underwriting Sales Representative
- Sales Representative
- Sales Agent
- Producer
- Insurance Sales Agent
- Insurance Broker
- Insurance Agent
- Agent
- Account Manager
- Account Executive
- Surety Bond Agent
- Strategic Account Executive
- Solicitor
- Service Representative
- Selling Underwriter
- Sales Specialist
- Sales Special Agent
- Sales Associate
- Representative
- Policy Writer, Sales
- Placer
- Pension Agent
- Outside Sales Representative
- Organizer
- Network Contractor
- Life Insurance Salesperson
- Life Insurance Agent
- Licensed Insurance Sales Agent
- Insurance Underwriter, Sales
- Insurance Special Agent
- Insurance Solicitor
- Insurance Salesperson
- Insurance Salesman
- Insurance Representative
- Inside Sales Representative
- Home Office Representative
- Health Insurance Specialist
- Health Insurance Sales Agent
- Group Leader
- Group Insurance Specialist
- Group Insurance Special Agent
- Financial Representative
- Field Service Representative
- Field Representative
- Field Marketing Representative
- Estate Planner
- Enrollment Specialist
- District Sales Coordinator
- District Agent
- Debit Agent
- Customer Service Representative (CSR)
- Contact Worker
- Contact Person
- Compensation Agent
- Commercial Lines Insurance Agent
- Business Account Leader
- Burial Agent
- Broker
- Bond Writer
- Accounts Executive
- Account Specialist
- Account Representative
- Account Leader
Tasks for “Insurance Broker”
- Develop marketing strategies to compete with other individuals or companies who sell insurance.
- Select company that offers type of coverage requested by client to underwrite policy.
- Plan and oversee incorporation of insurance program into bookkeeping system of company.
- Ensure that policy requirements are fulfilled, including any necessary medical examinations and the completion of appropriate forms.
- Call on policyholders to deliver and explain policy, to analyze insurance program and suggest additions or changes, or to change beneficiaries.
- Sell various types of insurance policies to businesses and individuals on behalf of insurance companies, including automobile, fire, life, property, medical and dental insurance, or specialized policies, such as marine, farm/crop, and medical malpractice.
- Attend meetings, seminars, and programs to learn about new products and services, learn new skills, and receive technical assistance in developing new accounts.
- Confer with clients to obtain and provide information when claims are made on a policy.
- Inspect property, examining its general condition, type of construction, age, and other characteristics, to decide if it is a good insurance risk.
- Monitor insurance claims to ensure they are settled equitably for both the client and the insurer.
- Seek out new clients and develop clientele by networking to find new customers and generate lists of prospective clients.
- Calculate premiums and establish payment method.
- Perform administrative tasks, such as maintaining records and handling policy renewals.
- Contact underwriter and submit forms to obtain binder coverage.
- Explain necessary bookkeeping requirements for customer to implement and provide group insurance program.
- Customize insurance programs to suit individual customers, often covering a variety of risks.
- Install bookkeeping systems and resolve system problems.
- Interview prospective clients to obtain data about their financial resources and needs, the physical condition of the person or property to be insured, and to discuss any existing coverage.
- Explain features, advantages, and disadvantages of various policies to promote sale of insurance plans.
Related Technology & Tools
- Laptop computers
- Laser printers
- Personal computers
- Notebook computers
- Digital cameras
- Postage meters
- Pen-based computers
- Laser facsimile machines
- Desktop computers
- Insurance analysis software
- Agency Master
- Vulcan Solutions Vulcan Insurance
- Online Database Solutions Agent Intelligence
- Microsoft Outlook
- Applied Systems Vision
- Insurance Systems WebWriter BackOffice
- North American Software Associates Eclipse
- Special Agent
- Microsoft Excel
- NaviSys Front Office
- AMS Services AMS Sagitta
- Microsoft PowerPoint
- Insurance rating software
- QuickQuote QuickFile Agency Management System
- irs-aims MARS
- DORIS FILESERVERonline
- Insurance Technologies ForeSight Enterprise
- Hoffman Computer Systems Amsoft
- LIDP Consulting Services The Administrator
- InStar Orion
- Underwriting software
- Agency management software
- Allied Financial Software Act4Advisors
- MI-Assistant MI Management System
- Results International Systems Artius Suite
- Tritech Financial Systems General Insurance Management System GIMS
- Tangle S Creations Your Insurance Office
- AMS Services AMS 360
- Allstar Software Systems Kofax
- G2X Agility:Insurance
- United Systems and Software Individual Life and Health Administration System
- Microsoft Office
- YouTube
- Insurance Technologies Corporation InsurancePro
- Advantage Information Systems The Agency Advantage
- Benefits Technology Group SalesLogix
- CoVirt VirtGate
- Skywire Software Policyware
- Word processing software
- Terrace Consulting AgencyInsight
- Agency Software AgencyPro
- GBS Agency Expert
- CPU Tracker Software CPU Tracker
- Cygnus Software IncomeMax
- Healthcare common procedure coding system HCPCS
- Web browser software
- Infospectrum Quick Insure
- Insurance Technology Consultants WOW
- Scheduling software
- Adobe Systems Adobe AfterEffects
- Medical procedure coding software
- Applied Systems The Agency Manager
- Spreadsheet software
- E-Z Data SmartOffice
- Fiserv FSC Manager
- FINEOS Insure
- Microsoft Word