Insurance Broker

J.S.F; Singapore; On-site; SGD 45,000 - 75,000; Full time

Job summary

A leading insurance brokerage in Singapore is seeking an expert Insurance Broker to understand and assess clients' insurance needs. The role involves researching policies, negotiating terms, managing client relationships, and providing tailored advice. Ideal candidates will have experience in insurance brokering and a passion for client service.

Responsibilities

• Understanding clients' specific insurance needs, risks, and financial situations.
• Investigating various insurance policies and coverage options.
• Providing expert advice and recommendations on suitable insurance policies.
• Negotiating policy terms and costs with insurance providers.
• Building and maintaining strong client relationships.
• Assisting clients with policy renewals, changes, and claims management.
• Keeping abreast of industry trends and changes.

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.