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Insurance Placement Specialist
2 months ago
About the Role
The Insurance Placement Specialist at AssuredPartners is responsible for marketing accounts by consulting with producers and/or account executives, responding to inquiries regarding new accounts, negotiating premiums and terms with insurance carrier underwriters, preparing proposals, and binding coverage.
Key Responsibilities
- Follow up with insurance carrier underwriters to answer questions and solicit quotes for new business.
- Manage high-level insurance-related information in various formats and identify appropriate carriers for risks in a timely manner.
- Negotiate premiums, coverages, terms, and conditions with insurance markets for prospective clients in accordance with carrier delegated underwriting capacity and appetite.
- Meet with insurance carrier underwriters and marketing personnel to develop business relationships and determine carrier interest in various classes of business.
- Prepare and send new/remarket business submissions to appropriate insurance companies.
- Consult with producers on markets for their risks, appropriateness of coverage structure, and negotiate pricing and coverage terms with carriers.
- Assist with pre-underwriting information gathering, coverage analysis, and proposal presentations if needed.
- Negotiate price and terms and have proposals prepared, bound, and delivered to producers.
- Prepare proposals and bind coverage as necessary.
- Quote submissions using online carrier rating systems.
- Maintain marketing database, including customer/prospect files.
- Assist in executing marketing strategies and objectives.
- Assist in analyzing lines of coverage and insurance company trends to maximize opportunities for new business placement and customer retention.
- Plan and conduct market research to identify opportunities for increased sales.
- Other duties as assigned.
- Travel is expected to be 10% in this role.
What We Offer
As an Insurance Placement Specialist at AssuredPartners, you will have the opportunity to work with a dynamic team and contribute to the growth and success of the company. We offer a competitive base salary, generous paid time off package, health benefit options, company match 401(k) plan, support for your fitness and wellness goals, and access to our Employee-led Resource Groups.
Requirements
- Full knowledge of insurance markets, including market underwriting appetite, line of business trends, insurance company changes, and coverage development.
- Advanced degree from college or technical school; or 4+ years of related experience; or equivalent combination of education and experience.
- Valid applicable insurance license(s).
- Tech savvy; ability to navigate multiple systems, including Agency Management Software and Microsoft Office products.