Licensed Insurance Broker

at  Ai Insurance Organization Inc

AI INSURANCE ORGANIZATION

Ai Insurance Organization is an award-winning insurance brokerage located in Mississauga, Ontario. Our purpose is to meet the evolving needs of all our stakeholders (clients, teammates, insurance partners, suppliers, communities, and society as a whole) and create superior value by disrupting and creating new market segments for both industry and consumer. We are growing our sales team and are looking for an experienced Insurance Broker, also known as Insurance Account Executive.

TECHNICAL SKILLS

• Technical insurance skills in accordance with licensing requirements and competencies including:
• insurance products knowledge
• legislative obligations
• claims processes and claims settlement
• Literacy in technology and systems currently in use in the insurance industry (broker management systems and customer relationship management systems)

QUALIFICATIONS / EXPERIENCE

• RIBO licensed, in good standing with required continuing education (CE) hours.
• Minimum 3 years commercial insurance experience (personal lines experience also considered an asset).
• CAIB and industry-related designations are considered a strong asset.
• Post-secondary education considered an asset.

JOB PURPOSE

Reporting to the Director of Sales, the successful candidate will contribute to the business growth objectives of Ai Insurance Organization through the development of new business and retention of an existing book of business.

KEY RESULT AREAS / ESSENTIAL FUNCTIONS

Business Retention:

Management of a portfolio of business, with a particular emphasis on profitable growth. Contribute to business retention activities including:

• Maintaining client relationships
• Insurance products.
• Providing professional advice to clients in all matters affecting their Insurance program needs.
• Presenting recommendations and options to clients; reaching an agreement and receiving instructions on their implementation.
• Keeping clients fully briefed throughout the year on market trends and how they may be affected.
• Maintaining regular personal and telephone contact with “A” list clients throughout the year.
• Visiting other clients on an “as needed” basis.
• Establishing and maintaining effective working relationships with the Insured and other individuals working within the Insurance market.
• Policy Renewals
• Gathering underwriting information from clients.
• Obtaining renewal instructions from clients.
• Negotiating terms with underwriters.
• Preparing renewal documents ensuring finalization of new policies within timeframes and attaching applicable specifications to the proposal to form part of the document.
• Ensuring that the issue of policy renewal documents, invoices, and collection of premiums are effected in accordance with agreed objectives.
• Effectively plan renewal activity with Commercial Customer Service Representative.
• Claims
• Act on behalf of the client in the settlement of claims, in their best interests at all times.
• Ensure timely and, wherever possible, favourable settlement of claims.