dcsimg

Career Story: Senior Associate At An Insurance Brokerage

Senior Associate At An Insurance Brokerage

Job Title: Senior Associate

Education: BS in Environmental Science, Boston University

Previous Experience: I temped at an insurance brokerage company. They hired me full time as a sales assistant. That company was eventually brought by a larger company. A couple of years ago I moved to a smaller start up company and have been with them since.

Job Tasks: I work for an insurance brokerage company. As brokers, we assist companies in risk identification and analysis, and the subsequent management of that risk through risk transfer or other financial vehicles. My office's main focus is in the healthcare industry. We assist healthcare related companies with the following: * Global excess liability program development and placement * Policy wording and structure * Global market access * Alternative risk financing * Coordination and direction of outside expertise: actuarial, loss control, clinical risk management, claims management, captive management

We also bring our clients the best possible range of alternatives with specific tailored solutions for each unique situation. We with our clients to solve any immediate difficulties, and to prepare or maintain a long-term malpractice risk management strategy.

Some of my responsibilities include gathering renewal information, analysis losses, coordinating renewal strategy meetings, coordinating board of directors meeting material, coordinating venues for board of directors meetings, bringing resources from various offices, completing renewal submissions to send to insurance carriers, setting up meetings with the client and insurance markets, negotiating with insurance markets to achieve best terms and pricing for clients, checking policies and delivering polices, follow up with carriers for endorsements, billing, secure financing proposals for clients, responding to clients questions, meet with markets throughout the year, attend industry related conferences, take continuing education courses to maintain license, conduct open items meetings, set up files, assist with prospecting, train new employees.

Best and Worst Parts of the Job: The best part of my job is working with really talented people. I must say that my colleagues are truly experts in the field.

The worst part of the job is checking insurance policies because it is very tedious. Although it is very important to make sure that it's accurate.

Job Tips: Here are 3 tips that I believe are important:
1. Always be client focused 2. It is very important to have good computer skills because it saves you so much time 3. Good communications skills is a key factor in business. Being able to articulate what you are trying to get across is very important.

Popular Schools offering Insurance Programs

 
Results:  10
Matching School Ads

With an education from an Art Institutes school, imagine what you could create.

Selected Campus Locations:

Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.

Selected Campus Locations:
  • Online

Turn your talents into a career at nationally recognized and accredited Platt College.

Selected Campus Locations:
  • Ontario
Selected Programs:
  • Business Management

Winthrop University is a public, comprehensive university located just outside of Charlotte, North Carolina, in Rock Hill, South Carolina, 

Selected Campus Locations:
  • Online

Learning at Full Sail University has always centered around interaction and the exchange of ideas. Our online curriculum fully embraces this philosophy.

Selected Campus Locations:
  • Online

San Joaquin Valley College - A Private Junior College.

Selected Campus Locations:
  • Hesperia

As a student at South University, Online Programs you will receive the same quality instruction, variety of learning options and level of service found at the campus locations.

Selected Campus Locations:
  • Online

At UEI College, we want you to succeed. We’re like a family and we want you to be a part of it.

Selected Campus Locations:
  • Stockton

The University

With over 80 years of academic achievements, Jacksonville University is a traditional, longstanding institution consistently ranked by U.S. News & World Report as one of America's best colleges.

Selected Campus Locations:
  • Online

Recognized by the U.S. News and World Report for: Best Online Programs, Bachelor’s 2017, Best Online Programs, Grad Education 2017 and Best Online Programs, Bachelor’s for Veterans 2017

Selected Campus Locations:
  • Online
You are visiting:

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Insurance Sales Agents, including:

Back to Top