Occupational Employment Statistics
41-3021 Insurance Sales Agents
Sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.
|
Seven County Mpls-St Paul, MN
| 5,770 | 178 | $55.51/hr | $22.60/hr | $30.27/hr | $40.80/hr | $57.98/hr | >$100/hr |
| Construction | N/A | N/A |
| Manufacturing | N/A | N/A |
| Trade, Transportation and Utilities | 70 | $31.09/hr |
| Financial Activities | 8,470 | $38.03/hr |
| Professional and Business Services | 290 | $43.19/hr |
| Public Administration | N/A | N/A |
|
Insurance Underwriters
| 1,970 | $38.92/hr | -3.0% |
|
Loan Officers
| 7,270 | $40.54/hr | 0.7% |
|
Securities, Commodities, and Financial Services Sales Agents
| 7,830 | $36.43/hr | 6.2% |
|
Loan Interviewers and Clerks
| 4,320 | $24.06/hr | -3.2% |
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Credit Authorizers, Checkers, and Clerks
| 180 | $23.65/hr | N/A |
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Credit Counselors
| 710 | $28.85/hr | 5.3% |
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Cargo and Freight Agents
| 2,530 | $23.76/hr | 12.6% |
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Tax Preparers
| 1,100 | $23.71/hr | 1.7% |
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New Accounts Clerks
| 1,440 | $23.09/hr | -16.5% |
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Tax Examiners and Collectors, and Revenue Agents
| 1,050 | $35.29/hr | 3.4% |
- Seek out new clients and develop clientele by networking to find new customers and generate lists of prospective clients.
- Call on policyholders to deliver and explain policy, to analyze insurance program and suggest additions or changes, or to change beneficiaries.
- Sell various types of insurance policies to businesses and individuals on behalf of insurance companies, including automobile, fire, life, property, medical and dental insurance, or specialized policies, such as marine, farm/crop, and medical malpractice.
- Explain features, advantages, and disadvantages of various policies to promote sale of insurance plans.
- Calculate premiums and establish payment method.
- Monitor insurance claims to ensure they are settled equitably for both the client and the insurer.
- Confer with clients to obtain and provide information when claims are made on a policy.
- Explain necessary bookkeeping requirements for customer to implement and provide group insurance program.
- Interview prospective clients to obtain data about their financial resources and needs, the physical condition of the person or property to be insured, and to discuss any existing coverage.
- Contact underwriter and submit forms to obtain binder coverage.