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Gallagher Re · 2 months ago

Insurance Placement Specialist

West Des Moines, Iowa

Full-time

Onsite

Mid Level

3+ years exp

Gallagher is a leading insurance brokerage that helps clients face risk with confidence. The Insurance Placement Specialist role involves managing relationships with insurance carriers, negotiating premiums and terms, and preparing submissions for new business, all while ensuring a high level of service and risk management strategies.

ConsultingInsuranceRisk Management

Responsibilities

Follows up with insurance carrier underwriters to answer questions and solicit quotes for new business

Must be able to manage high level of insurance related information in a variant of formats and be able to identify appropriate carriers for risks in a timely manner

Negotiates premiums, coverages, terms, and conditions with insurance markets for prospective clients in accordance with carrier delegated underwriting capacity and appetite

Meets with insurance carrier underwriters and marketing personnel to develop business relationships in order to determine carrier’s interest in various classes of business

Prepares and send new/remarket business submissions to appropriate insurance companies

Consults with Producers on markets for their risks, appropriateness of coverage structure, and negotiate pricing and coverage terms with carriers. Assists with pre-underwriting information gathering, coverage analysis, and proposal presentations if needed. Negotiates price and terms and have proposals prepared, bound and delivered to producers

Prepares proposals and binds coverage as necessary

Quotes submissions using online carrier rating systems. Maintains marketing database including customer/prospect files

Assists in executing marketing strategies and objectives

Assists in the analysis of lines of coverage and insurance company trends with the intent of maximizing opportunities for new business placement and customer retention. Plans and conducts market research to identify opportunities for increased sales

Other duties as assigned

Travel is expected to be 10% in this role