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