Skills & competences

Description

Insurance representatives advise on and sell life, accident, automobile, liability, endowment, fire, marine and other types of insurance to new and established clients.
Tasks include -
(a) obtaining information about customers’ circumstances necessary to determine appropriate type of insurance and conditions;
(b) negotiating with customers to determine type and degree of risk for which insurance is required;
(c) explaining details of insurance and conditions, risk coverage premiums and benefits to customers;
(d) assisting clients to determine the type and level of coverage required, calculating premiums and establishing method of payment;
(e) negotiating and placing reinsurance contracts;
(f) advising on, negotiating terms for and placing insurance contracts for large or special types of projects, installations or risks.
Examples of the occupations classified here:
- Insurance agent
- Insurance broker
- Insurance underwriter
Some related occupations classified elsewhere:
- Insurance agency manager - 1346
- Securities broker - 3311
- Insurance assessor - 3315
- Insurance clerk - 4312