Commercial Insurance Broker

Placements24; Richards Bay; Hybrid; ZAR 350,000 - 700,000; Full time

Job summary

Placements24 in Richards Bay is seeking a proactive Commercial Insurance Broker to manage client relationships and place complex policies for a diverse business clientele.

You will conduct comprehensive risk assessments, source and negotiate terms with a wide range of carriers, and present detailed proposals. You will also advise on risk management, renewals, and ensure ongoing protection for valued clients.

Qualifications

• Experience as a Commercial Insurance Broker or advisory role.
• Knowledge of liability, property and specialty lines.
• Ability to analyze business risks and propose insurance solutions.
• Excellent negotiation and client relationship skills.
• Familiar with South African insurance market and regulations.
• Professional qualifications or designations in insurance required.

Responsibilities

• Develop and maintain relationships with commercial clients as their primary contact.
• Conduct risk assessments for businesses to identify needs and exposures.
• Source, compare, and negotiate terms, conditions, and premiums with carriers.
• Prepare and present insurance proposals and recommendations to clients.
• Advise on risk management and policy renewals.
• Manage end-to-end placement of commercial policies from inquiry to binding.

Skills

Commercial Insurance

Negotiation

Client Relations

Risk Assessment

Insurance Products

SA Insurance Market

Education

Professional qualifications or designations in insurance

Job description

About the Role

Our client seeks a proactive and knowledgeable Commercial Insurance Broker to manage client relationships and place complex business insurance policies from their Richards Bay office. You will act as a trusted advisor to businesses, understanding their unique risks and securing the most suitable and cost-effective insurance solutions. This role demands excellent negotiation skills, a deep understanding of the commercial insurance market, and the ability to build strong rapport with clients and insurers. Join a respected firm that prides itself on delivering exceptional service and tailored risk management strategies for a diverse business clientele.

Key Responsibilities

• Develop and maintain strong relationships with a portfolio of commercial clients, acting as their primary point of contact.
• Conduct comprehensive risk assessments for businesses to identify their insurance needs and potential exposures.
• Source, compare, and negotiate insurance terms, conditions, and premiums with a wide range of insurance carriers.
• Prepare and present detailed insurance proposals and recommendations to clients.
• Advise clients on risk management strategies and policy renewals, ensuring continuous protection.
• Manage the end-to-end placement of commercial insurance policies, from initial inquiry to final binding.

Requirements

• Demonstrable experience as a Commercial Insurance Broker or in a similar commercial insurance advisory role.
• In-depth knowledge of various commercial insurance products, including liability, property, and specialty lines.
• Proven ability to analyze business risks and develop appropriate insurance solutions.
• Exceptional negotiation, communication, and client relationship management skills.
• Familiarity with the South African insurance market and regulatory landscape.
• Relevant professional qualifications or designations in insurance are required.

Benefits

• Highly competitive salary with an excellent commission and bonus structure.
• Company-provided vehicle and fuel allowance for client visits.
• Comprehensive health insurance and retirement benefits.
• Significant opportunities for professional growth and career progression.
• A dynamic hybrid work environment serving the Richards Bay business community.