Placement Specialist

Role Purpose

The Placement Role focuses on managing the insurance policy placement process by assessing client needs, recommending suitable Non-EB products, negotiating with insurers, and ensuring optimal coverage solutions.

Key Expectations of the Role

Insurance Product Analysis and Selection:

• Assess clients risk profiles and insurance needs to determine the appropriate insurance products.
• Analyze various insurance products (Non-EB products) available in the market and recommend the most suitable ones for clients.

Negotiation and Terms Agreement:

• Negotiate policy terms, coverage, and premiums with insurance underwriters to ensure optimal terms for clients.
• Collaborate with insurers to negotiate policy conditions that meet clients requirements while adhering to compliance and regulations.

Policy Placement and Issuance

• Facilitate the smooth placement and issuance of insurance policies for clients.
• Coordinate with internal departments to ensure accurate policy issuance and timely delivery to clients.

Client Engagement and Education:

• Engage with clients to provide updates on policy placements and ensure they understand the terms and conditions of their insurance coverage.
• Educate clients on policy features, benefits, and coverage details.

Market Research and Trends Monitoring:

• Stay updated on market trends, insurance products, and industry developments to offer informed recommendations to clients.
• Conduct market research to identify emerging insurance products and assess their suitability for clients.

Competencies Required for the Role

• Possesses a strong understanding of insurance products, policies, underwriting, and industry practices. Specifically Non-EB products.
• Stays informed about insurance market dynamics, regulations, and emerging trends.

Client Relationship Management:

• Builds and maintains strong relationships with clients, understanding their needs and delivering exceptional service.
• Listens to clients, provides appropriate advice, and addresses inquiries effectively.

Personal Qualifications

• Educational Background: A bachelors degree in business, insurance, finance, or a related field is preferred.
• Experience: Prior experience in insurance placement (mainly in Non-EB products) , underwriting, or related roles within the insurance industry is advantageous.