Business Development Insurance Broker
3 weeks ago
We are looking for a skilled Business Development Insurance Broker to join our team at Neptune.
Company Overview:
Hollard Insure, Accident & Health CoE is a leading insurance company that offers a wide range of insurance products and services. We are committed to providing excellent customer service and building strong relationships with our brokers.
Salary:
The estimated salary for this role is R800,000 per annum, depending on experience.
Job Description:
We are seeking a Business Development Insurance Broker who will be responsible for developing and maintaining effective business relationships with brokers to attract, underwrite and develop profitable new business. The successful candidate will be required to visit brokers on a weekly basis, interpret, explain and effectively market all A&H products and services in collaboration with the centre of excellence.
Key Responsibilities:
- Sales and Marketing: Visit brokers and accompany sales team members on broker visits within Johannesburg and Pretoria. Manage own portfolio, obtain new business from brokers and develop relationships with existing and new brokers. Manage the growth (including organic growth) of the division. Sell A&H products to brokers and/or agents using consultative selling techniques. Contribute to effective marketing of the A&H products by answering questions, resolve problems on topics such as policy status, billing, etc., and explaining new or revised products and processes. Make presentations to brokers and/or agents. Support with the account renewal process
- Underwriting/Risk Analysis: Analyse qualitative and quantitative data prepared by brokers to provide approval for risk selection and acceptance, coverage and price. Recommend creative alternatives in regard to rating plans, coverage and payment plans. Recommend or implement changes to improve productivity, profitability, growth and the quality of assigned book of business. Decline unsuitable risks.
- Account Management: Meet goals for volume and value of quality new business quoted and written within agreed A&H and underwriting guidelines. Recommend or implement changes to improve productivity, profitability, growth and the quality of assigned book of business. Review segment profit/growth results and trends to recommend and implement action plans to produce profitable underwriting results. Deliver timely and accurate reports as agreed
- Operational Management: Ensure that policy transactions (quotes, new business) are issued and recorded accurately and in a timely manner by rating and/or capturing transactions to the core business system. Assist in the general management of all aspects relating to operations within the division. Develop a broker segmentation strategy and develop and maintain a Branch and broker visibility plan / visitation programme in line with the segmentation strategy and in conjunction with other stakeholders.
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