Insurance Broker

Borr Drilling; Singapore; On-site; SGD 50,000 - 80,000; Full time

Job summary

A leading company in the drilling sector is looking for skilled insurance brokers to provide expert advice and tailored insurance solutions. The role involves assessing client needs, negotiating with providers, and managing ongoing relationships. Ideal candidates will be adept at policy management and remaining informed on industry trends.

Qualifications

• Ability to assess client needs and provide tailored insurance solutions.
• Skilled in negotiation and maintaining client relationships.
• Up-to-date with industry trends and regulatory changes.

Responsibilities

• Understand and assess clients' insurance needs and risks.
• Research various insurance policies and coverage options.
• Negotiate terms and prices with insurance providers.

Skills

Client Relationship Management

Negotiation

Policy Research

Needs Assessment

Job description

Key Responsibilities:

• Needs Assessment: Understanding clients' specific insurance needs, risks, and financial situations.
• Policy Research: Investigating various insurance policies and coverage options from different insurers.
• Advice and Recommendation: Providing expert advice and recommendations on the most suitable insurance policies for clients' needs.
• Negotiation: Negotiating policy terms and costs with insurance providers to secure the best coverage and rates.
• Client Relationship Management: Building and maintaining strong client relationships, addressing their questions and concerns, and managing their policies.
• Policy Management: Assisting clients with policy renewals, changes, and claims management.
• Staying Updated: Keeping abreast of industry trends, changes to regulations, and new insurance products.

Types of Insurance Brokers:

• Junior Brokers: May assist with administrative tasks, client support, and basic policy research.
• Senior Brokers: Manage complex accounts, build client relationships, oversee strategic negotiations, and provide expert advice.
• Independent Brokers: Work independently or for a brokerage firm, offering a wide range of insurance options.
• Specialized Brokers: Focus on specific types of insurance, such as health, property, or business insurance.