What does an Insurance Agent do?
Insurance Agents work for different insurance agencies helping clients sign up for policies that work best for their lifestyle. They can work either one-on-one with individuals on creating insurance policies, or they collaborate with business professionals to develop ideal policies for groups of employees.
Insurance Agents are often responsible for finding their own clients through methods like cold calling, contacting referrals and networking. They work to build a consistent relationship with clients by regularly renewing and updating their policy according to the clients’ needs and lifestyle changes. After they’ve worked with clients for a while, Insurance Agents will provide detailed reports on how well the policy is performing and any progress being made.
Insurance Agent skills and qualifications
Insurance Agents will usually have certain prerequisite skills and qualifications which include:
- The primary responsibility of an Insurance Agent is to sell insurance policies. Good sales skills will assist the Insurance Agent in meeting sales goals and increasing their customer base.
- Written and verbal communication skills are crucial when working as an Insurance Agent. Insurance Agents will need to develop relationships, educate and communicate with customers frequently.
- Analytical skills will also assist the Insurance Agent when calculating premiums and deductibles. The ability to quickly add, subtract, divide and multiply percentages will help the Insurance Agent when educating the customer.
- A good amount of patience is important when working as an Insurance Agent. Insurance Agents may need to wait until potential customers are ready to renew their package or until their insurance needs to be changed.
Insurance Agent salary expectations
An Insurance Agent makes an average of $60,133 per year. Salary may depend on level of experience, education and the geographical location.
Insurance Agent education and training requirements
A minimum of a high school diploma is often required to work as an Insurance Agent. Some Insurance Agents may pursue an associate’s or bachelor’s degree in sales, marketing or business administration. Insurance Agents are required to become licensed with their state. Each state requires that candidates complete pre-licensing hours before taking the licensing exam. Additionally, Insurance Agents will need to complete these requirements for each type of insurance they want to sell. Continuing education is also required to maintain an insurance license.
Insurance Agent experience requirements
Previous experience may or may not be required when working as an Insurance Agent. Some hiring managers may prefer to hire entry-level Insurance Agents who have recently completed the licensing exam, while other hiring managers prefer to hire Insurance Agents with previous experience selling insurance policies. Additionally, some Insurance Agents may have prior experience working in the insurance industry, but in a different role such as an underwriter, claims adjuster or in risk management.
Job description samples for similar positions
If you are looking to hire for a similar role, then you might find this related description sample to be useful: