Will “Licensed Insurance Sales Agent” be Replaced By Robots? 🤔
92% Chance of Automation
“Licensed Insurance Sales Agent” 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
- 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 “Licensed Insurance Sales Agent”
- 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.
- Select company that offers type of coverage requested by client to underwrite policy.
- Customize insurance programs to suit individual customers, often covering a variety of risks.
- Plan and oversee incorporation of insurance program into bookkeeping system of company.
- Explain features, advantages, and disadvantages of various policies to promote sale of insurance plans.
- 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.
- Confer with clients to obtain and provide information when claims are made on a policy.
- Explain necessary bookkeeping requirements for customer to implement and provide group insurance program.
- Inspect property, examining its general condition, type of construction, age, and other characteristics, to decide if it is a good insurance risk.
- Perform administrative tasks, such as maintaining records and handling policy renewals.
- Ensure that policy requirements are fulfilled, including any necessary medical examinations and the completion of appropriate forms.
- Contact underwriter and submit forms to obtain binder coverage.
- 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.
- Monitor insurance claims to ensure they are settled equitably for both the client and the insurer.
- Attend meetings, seminars, and programs to learn about new products and services, learn new skills, and receive technical assistance in developing new accounts.
- Develop marketing strategies to compete with other individuals or companies who sell insurance.
- Call on policyholders to deliver and explain policy, to analyze insurance program and suggest additions or changes, or to change beneficiaries.
Related Technology & Tools
- Personal computers
- Pen-based computers
- Postage meters
- Laptop computers
- Digital cameras
- Notebook computers
- Laser printers
- Laser facsimile machines
- Desktop computers
- Insurance rating software
- Microsoft Excel
- Microsoft PowerPoint
- AMS Services AMS Sagitta
- Underwriting software
- LIDP Consulting Services The Administrator
- Allied Financial Software Act4Advisors
- Insurance Technologies ForeSight Enterprise
- NaviSys Front Office
- CoVirt VirtGate
- CPU Tracker Software CPU Tracker
- Agency Master
- YouTube
- GBS Agency Expert
- Terrace Consulting AgencyInsight
- Online Database Solutions Agent Intelligence
- Skywire Software Policyware
- Microsoft Word
- Special Agent
- Vulcan Solutions Vulcan Insurance
- E-Z Data SmartOffice
- Cygnus Software IncomeMax
- Spreadsheet software
- Applied Systems Vision
- Insurance analysis software
- Allstar Software Systems Kofax
- Advantage Information Systems The Agency Advantage
- AMS Services AMS 360
- Word processing software
- Benefits Technology Group SalesLogix
- Healthcare common procedure coding system HCPCS
- Tritech Financial Systems General Insurance Management System GIMS
- Hoffman Computer Systems Amsoft
- Insurance Systems WebWriter BackOffice
- Web browser software
- Results International Systems Artius Suite
- MI-Assistant MI Management System
- DORIS FILESERVERonline
- Microsoft Office
- United Systems and Software Individual Life and Health Administration System
- Insurance Technology Consultants WOW
- Medical procedure coding software
- Insurance Technologies Corporation InsurancePro
- irs-aims MARS
- Adobe Systems Adobe AfterEffects
- Agency management software
- Agency Software AgencyPro
- Infospectrum Quick Insure
- Fiserv FSC Manager
- FINEOS Insure
- Applied Systems The Agency Manager
- QuickQuote QuickFile Agency Management System
- Tangle S Creations Your Insurance Office
- Scheduling software
- Microsoft Outlook
- InStar Orion
- G2X Agility:Insurance
- North American Software Associates Eclipse