Business Development Specialist Insurance

The primary function of the role is Planning Implementation of the marketing plans in lines of property liability employee benefits insurance programs and specialty lines This position also involves understanding the clients industry to provide the best solutions related to the corporate Insurance program Business Intelligence Be the eyes and ears in the market and constantly be in touch with updates in the insurance industry Conceptualize new initiatives for increasing sales and topofmind recall amongst potential corporate clients and to leverage prudent acts Identify marketing opportunities by studying clients requirement defining market competitors share and competitors strengths and weaknesses forecasting projected business establishing targeted market share Creating a database or prospective clients Maintaining constant touch with them by identifying key stakeholders and decisionmakers on the corporate Insurance program Sustain rapport with key accounts by making periodic visits exploring specific needs anticipating new opportunities Update knowledge by participating in programs on Insurance mandated by IA s DHA HAAD etc reading professional publications maintaining personal networks participating in professional organizations attending training programs Key Responsibilities Technical Understanding the prospect clients business and risk exposures Conducting Insurance Program reviews and identifying gaps Assisting the prospect client in filling up detailed risk questionnaires and explaining coverage terms to them Sending the proposal form to insurance companies to procure quotations Making a comparison of the terms in the quotations received from the various insurance companies Negotiating the terms and conditions received from the insurers to meet the clients requirements Meeting the prospect client with the recommendation of cover Cross verification of the policy terms and conditions Servicing Team on the account to ensure timely endorsement issuance report issuance and advocating on behalf of the client at the time of claims or any other requirements You should have excellent communication skills You should be proactive and solutionoriented and be ambitious to accelerate your career growth