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