Who Would Do Well In The Insurance Industry
Certain people are better suited for certain jobs. Those who are good at math may be well suited for a career in engineering or science. People who have strong writing skills may be great writers or English teachers. Doing well in the insurance field requires a certain skill as well. What are some of the skills needed?
1. Must Be Good At Analyzing Data
Insurance is all about interpreting data to properly price a policy. Those with good credit scores tend to be safer drivers overall. Older drivers tend to be better because they have more experience. Cars that are more expensive may be costlier to replace after an accident. Understanding what the data is telling you is crucial to being a good insurance agent.
2. You Need To Objectively Look At Facts
Good auto insurance brokers will look at the facts to determine whether to approve a claim. Was the driver speeding when the accident happened? What were the road conditions at the time? Understanding the circumstances surrounding a claim helps to weed out potentially fraudulent claims.
3. Customer Service Skills Come In Handy
People are going to call you asking questions all the time. Some may want to know why their premium went up. Others want to know the status of their claim. Knowing how to handle customer requests, concerns and other inquiries is important. Keeping the public happy will lead to repeat business. Poor customer service may cause customers to jump to other companies in search of a better value for their money.
4. Sales Skills Are Necessary At Times
You have to be able to sell your customers on the benefits of a particular policy. Some people don’t want to spend any more than they have to on a policy. It is your job to advise them as to whether a policy is a good fit or not. Sometimes it is more beneficial to the customer to purchase that extra bodily injury insurance regardless of the cost.
5. You Need To Have An Entrepreneurial Spirit
Insurance agents may work on their own as opposed to working with a company. You need to be able to attract clients on a regular basis. This means you need to have a high energy level at all times. Coming across as cheerful and interested in everyone you talk to will work wonders. Make sure you take time to network whenever possible.
Being an insurance agent can be a fulfilling career for those who enjoy working with numbers. Be sure to hone your sales and customer service skills to be the best agent you can possibly be. Thinking like an entrepreneur will also help you get the most out of your career.
As a contributing writer for GetInsuranceQuotes, Jamie Bogard loves to write articles on insurance and finance.