Insurance Manager Job Description [Updated for 2025]

In the complex world of risk and protection, the role of insurance managers shines the brightest.
As the landscape of risk management evolves, so does the demand for proficient professionals who can strategize, oversee, and ensure the smooth running of insurance programs.
But let’s delve deeper: What’s truly expected from an insurance manager?
Whether you are:
- A job seeker trying to comprehend the intricacies of this role,
- A hiring manager crafting the blueprint of the ideal candidate,
- Or simply fascinated by the nuances of insurance management,
You’re in the right place.
Today, we present a customizable insurance manager job description template, designed for effortless posting on job boards or career sites.
Let’s dive right in.
Insurance Manager Duties and Responsibilities
Insurance Managers direct and coordinate the insurance programs of an organization.
They monitor claims, design risk management strategies, and ensure the company’s insurance policies meet all legal and regulatory requirements.
They have the following duties and responsibilities:
- Plan and oversee the company’s insurance programs
- Develop and implement policies and procedures for the insurance department
- Coordinate with insurance brokers to find the most suitable insurance coverage for the organization
- Analyze the organization’s risk and design insurance policies accordingly
- Coordinate with other departments to handle insurance-related issues
- Maintain records of insurance policies and claims
- Review and process insurance claims
- Analyze and report on insurance claims to identify trends and potential risks
- Ensure the organization’s compliance with insurance laws and regulations
- Manage the insurance budget and negotiate insurance premiums and coverage with insurance providers
- Provide advice and guidance to management on insurance related matters
Insurance Manager Job Description Template
Job Brief
We are seeking a talented Insurance Manager to oversee our insurance operations.
The Insurance Manager’s responsibilities include designing and implementing effective insurance policies, maintaining accurate records, and managing insurance staff.
Our ideal candidate has a deep understanding of insurance laws, regulations, and best practices.
They should have strong leadership skills, be analytical, and have a keen eye for detail.
Ultimately, the role of the Insurance Manager is to safeguard our business by ensuring that our company adheres to necessary legal standards and in-house policies.
Responsibilities
- Develop and implement effective insurance policies.
- Manage and direct the insurance team.
- Oversee insurance claims to ensure fair dealing and satisfaction.
- Accurately maintain insurance records.
- Collaborate with legal teams to ensure the business is compliant with all regulations.
- Identify and manage risk areas.
- Ensure all insurance activities comply with legal standards and in-house policies.
- Maintain a strong relationship with insurance brokers and negotiate policies with insurance companies.
- Prepare regular reports for upper management.
Qualifications
- Proven experience as an insurance manager or similar role.
- Strong knowledge of insurance laws and regulations.
- Understanding of all types of insurance plans (automobile, fire, life, property, medical etc).
- Excellent organizational and leadership skills.
- Outstanding communication and interpersonal abilities.
- Reliability and trustworthiness.
- BSc/BA in business administration, law, finance or relevant field. Masters will be an added advantage.
- Professional certification in insurance is mandatory (e.g. Certified Insurance Counselor).
Benefits
- 401(k)
- Health insurance
- Dental insurance
- Retirement plan
- Paid time off
- Professional development opportunities
Additional Information
- Job Title: Insurance Manager
- Work Environment: Office setting with potential for some remote work. Occasional travel may be required for meetings or conferences.
- Reporting Structure: Reports to the Risk Management Director or Chief Financial Officer.
- Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
- Pay Range: $85,000 minimum to $125,000 maximum
- Location: [City, State] (specify the location or indicate if remote)
- Employment Type: Full-time
- Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
- Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].
What Does an Insurance Manager Do?
An Insurance Manager typically works for insurance companies, brokerage firms, or in the insurance departments of other organizations.
They may also offer their services as independent insurance consultants.
Their primary role is to manage the insurance activities within their organization.
They oversee the development and implementation of insurance policies to meet the needs of the organization or individual clients.
An Insurance Manager liaises with underwriters, actuaries, and insurance brokers to negotiate coverage details and premiums, ensuring comprehensive protection and cost-effectiveness.
They are also responsible for managing insurance claims, making sure they are handled promptly and correctly.
This involves working with claim adjusters and legal teams, as well as liaising with clients to gather necessary documentation and information.
Insurance Managers also play a crucial role in risk assessment, identifying potential risks and suggesting preventive measures.
They may also be involved in educating the organization or clients about various insurance products and the benefits of coverage.
Additionally, they are expected to keep abreast of changes in insurance legislation and market trends to maintain the organization’s compliance and competitiveness.
They may also work on strategic planning and budgeting for the insurance department.
Insurance Manager Qualifications and Skills
An effective Insurance Manager should have the qualifications and skills that align with your job specifications, such as:
- Deep understanding of insurance laws, contracts and regulations, as well as the ability to comprehend and interpret complex insurance policies and coverage details
- Strong leadership and managerial skills to oversee, motivate and guide a team of insurance agents and representatives
- Outstanding interpersonal skills to build and maintain long-term relationships with clients, insurance brokers and other stakeholders
- Excellent communication skills to clearly explain insurance policies, terms and conditions to clients and staff
- Strong financial and business acumen to make strategic decisions, analyze insurance trends and forecast insurance needs
- Proficient customer service skills to handle clients’ concerns, respond to queries and resolve any insurance-related issues promptly
- Problem-solving abilities to identify and resolve client and staff issues, as well as devise effective insurance strategies and solutions
- High ethical standards and integrity in all business dealings, ensuring all insurance policies and practices are compliant with relevant laws and regulations
Insurance Manager Experience Requirements
Insurance Managers typically require a minimum of 3 to 5 years of experience in the insurance industry, often gained through roles such as Insurance Agent, Insurance Specialist, or Claims Adjuster.
Candidates with this experience have demonstrated their ability to understand complex insurance policies, handle claims, and maintain relationships with policyholders.
They have also gained familiarity with the regulatory landscape of the insurance industry.
Insurance Managers with 5 to 7 years of experience generally have spent some of this time in a supervisory or managerial role.
They should be proficient in team management, strategic planning, and operational efficiency in the insurance sector.
Candidates with more than 7 years of experience in the field are generally considered for senior insurance management positions.
These roles require not only deep industry knowledge and strong managerial skills, but also strategic vision, ability to manage large teams, and experience in interacting with senior executives or board members.
Additionally, they may have experience in creating and managing budgets, developing new insurance products, and implementing company-wide strategies.
It is also beneficial if they have experience working with regulatory bodies, managing risks, and dealing with crises.
Insurance Manager Education and Training Requirements
Insurance Managers generally hold a bachelor’s degree in business administration, finance, economics, or a related field.
They need a solid foundation in insurance-related matters, including understanding of insurance policies, underwriting procedures, and risk management.
Some positions may require Insurance Managers to have a master’s degree in business administration (MBA) or a related field, especially for higher-level management roles.
Many insurance companies also prefer their managers to hold industry-specific certifications such as Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC) or Associate in Risk Management (ARM).
State licensing may be required, depending on the specific role and the state in which the manager is working.
This generally involves passing an exam and maintaining the license with continuing education credits.
Like other fields, insurance managers are encouraged to continuously expand their knowledge and skills through advanced courses and professional development programs.
This commitment to ongoing learning showcases a candidate’s potential for leadership and their dedication to excellence in the field of insurance management.
Insurance Manager Salary Expectations
The average salary for an Insurance Manager is $96,579 (USD) per year.
This salary may vary based on factors such as experience, company size, location, and the specific sector within the insurance industry.
Insurance Manager Job Description FAQs
What skills does an Insurance Manager need?
Insurance Managers should have strong leadership skills to manage and motivate their team effectively.
They also need solid communication skills to deal with customers, employees, and other stakeholders.
These professionals need a deep understanding of insurance policies, practices, and regulations.
Analytical skills are also necessary for assessing the risks and returns of insurance policies.
Do Insurance Managers need a degree?
While not always required, most Insurance Managers have a bachelor’s degree in business, finance, economics or a related field.
Some insurance companies prefer managers with a master’s degree in business administration or finance.
Many insurance companies also require their managers to have a professional certification, such as the Chartered Property Casualty Underwriter (CPCU) or the Associate in Risk Management (ARM).
What should you look for in an Insurance Manager resume?
An Insurance Manager’s resume should highlight their education, certifications, and experience in the insurance industry.
Look for experience in managing teams, overseeing insurance policies, and liaising with clients.
Proficiency in insurance software and a solid understanding of insurance law and regulations are also essential.
What qualities make a good Insurance Manager?
A good Insurance Manager is detail-oriented and analytical, capable of assessing risks and making informed decisions.
They should be reliable, trustworthy, and able to maintain confidentiality.
Exceptional communication and leadership skills are also vital as they often work with teams and interact with clients and other stakeholders.
What are the daily duties of an Insurance Manager?
Insurance Managers typically oversee the day-to-day operations of an insurance office or department.
Their duties may include managing staff, setting goals and objectives, implementing policies, and dealing with complex insurance claims.
They may also be responsible for developing new insurance products, maintaining client relationships, and ensuring compliance with insurance laws and regulations.
Is it difficult to hire Insurance Managers?
Hiring an Insurance Manager can be challenging as the role requires a balance of technical expertise in the insurance field, management skills, and industry-specific knowledge.
Having a clear and attractive job description, offering competitive compensation, and providing opportunities for growth and development can help attract qualified candidates.
Conclusion
And there you have it.
Today, we’ve unravelled the intricacies of what it means to be an insurance manager.
And guess what?
It’s not just about managing policies.
It’s about securing a stable future, one insurance policy at a time.
With our ultimate insurance manager job description template and real-world examples, you’re ready to make your move.
But why stop there?
Immerse yourself further with our job description generator. It’s your pathway to meticulously-crafted job listings or polishing your resume to perfection.
Remember:
Every policy you manage contributes to the bigger picture.
Let’s secure that future. Together.
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