Insurance Specialist

J.S.F; Singapore; On-site; SGD 45,000 - 65,000; Full time

Job summary

A leading insurance company in Singapore is seeking an Insurance Specialist responsible for evaluating insurance applications, managing policies, and assisting clients with claims. The ideal candidate should possess excellent communication skills and a strong understanding of insurance products. This role offers opportunities for growth in a dynamic environment.

Qualifications

• Excellent communication, both written and verbal, is crucial for interacting with clients and colleagues.
• The ability to analyze complex data and assess risks is essential.
• Managing multiple tasks and priorities effectively is important.
• A strong understanding of insurance products, coverage options, and regulations is necessary.

Responsibilities

• Evaluate insurance applications and analyze risk factors.
• Handle policy administration, processing applications, renewals, and cancellations.
• Assist clients in filing claims and guide them through the claims process.
• Ensure all activities adhere to relevant regulations and guidelines.
• Provide financial advice and develop wealth management strategies.

Skills

Communication and Interpersonal Skills

Analytical and Problem-Solving Skills

Organizational and Time Management Skills

Product Knowledge

Job description

Key Responsibilities of an Insurance Specialist:

• Policy Analysis and Risk Assessment:Insurance specialists evaluate insurance applications, analyze risk factors (like age, health, or property details), and determine eligibility and coverage options.
• Policy Management and Customer Service:They handle policy administration, including processing applications, renewals, and cancellations. They also address customer inquiries and concerns.
• Sales and Marketing:Some specialists focus on selling insurance products, developing marketing strategies, and building relationships with clients.
• Claims Processing:They assist clients in filing claims and guide them through the claims process, ensuring compliance with policy terms and company guidelines.
• Compliance:Insurance specialists ensure all activities adhere to relevant regulations and guidelines.
• Financial Advice:Some specialists, particularly in bank settings, provide financial advice and develop wealth management strategies for clients.
• Collaboration:They work with other insurance professionals, like underwriters, agents, and relationship managers, to provide comprehensive solutions.

Types of Insurance Specialists:

• Health Insurance Specialist: Focuses on medical insurance, including government programs like Medicare and private plans.
• Automobile Insurance Specialist: Specializes in vehicle insurance policies.
• Life Insurance Specialist: Assists with long-term planning and managing life insurance policies.
• Property and Casualty Insurance Specialist: Handles insurance for real estate properties.
• Insurance Operations Specialist: Handles the core tasks of insurance operations, like verifying benefits and processing claims.

Skills Required:

• Communication and Interpersonal Skills: Excellent communication, both written and verbal, is crucial for interacting with clients and colleagues.
• Analytical and Problem-Solving Skills: The ability to analyze complex data and assess risks is essential.
• Organizational and Time Management Skills: Managing multiple tasks and priorities effectively is important.
• Product Knowledge: A strong understanding of insurance products, coverage options, and regulations is necessary.