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