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Business Development Insurance Jobs in New York (NOW HIRING)

Converge Insurance

Business Development Manager

New York, NY · On-site

$145K - $200K/yr

About Converge Converge fuses cyber insurance security and technology to provide businesses with ... Key Responsibilities • The Business Development Manager will work with the Head of Distribution ...

altbanq

Business Development

New York, NY · On-site

Business Development Vice President Job Title: Vice President of Business Development - Loan ... Identify, source, initiate, and establish partnerships with investment banks, insurance brokers ...

altbanq

Business Development

New York, NY · On-site

$90K - $110K/yr

Business Development Vice President Job Title: Vice President of Business Development - Loan ... Identify, source, initiate, and establish partnerships with investment banks, insurance brokers ...

Shepherd Labs Inc.

Business Development

New York, NY · On-site

$100K - $160K/yr

What We Do Shepherd is an AI-native commercial insurance platform transforming how high-hazard ... About You Business Development at Shepherd is about building deep, lasting relationships with our ...

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Business Development Insurance information

See New York salary details

$39.9K

$93.7K

$163K

How much do business development insurance jobs pay per year?

As of Aug 3, 2026, the average yearly pay for business development insurance in New York is $93,652.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,700.00 and $109,400.00 per year, depending on experience, location, and employer.

What are the common day-to-day responsibilities of a Business Development Insurance professional?

Business Development Insurance professionals typically spend their days identifying prospective clients, analyzing market trends, preparing presentations, and meeting with potential partners. They also collaborate closely with underwriters, sales teams, and marketing departments to develop proposals and tailor insurance solutions to each client’s needs. This role involves a blend of outbound sales activity, relationship-building, and internal strategy sessions. Regular follow-ups, networking events, and maintaining CRM records are also integral parts of the job to ensure client satisfaction and continuous business growth.

Is being a Business Development Insurance a stressful job?

Business Development Insurance professionals often face stress due to targets, client negotiations, and market fluctuations. The role requires strong communication, sales skills, and the ability to manage multiple priorities, which can contribute to a high-pressure environment.

What is a Business Development Insurance job?

A Business Development Insurance job focuses on identifying new business opportunities, building client relationships, and increasing sales within the insurance industry. Professionals in this role analyze market trends, develop sales strategies, and collaborate with teams to grow revenue. They may work with individual clients or businesses, offering tailored insurance solutions. Strong communication, negotiation, and analytical skills are essential for success in this role.

What is a BDM in insurance?

A Business Development Manager (BDM) in insurance is responsible for generating new business opportunities, building relationships with clients and brokers, and expanding the company's market presence. They often use sales skills, industry knowledge, and networking to meet sales targets and may require certifications such as CPCU or CIC. BDMs typically work in a fast-paced environment and focus on strategic growth initiatives.

What is the highest paid position in insurance?

In insurance, executive roles such as Chief Executive Officer (CEO), Chief Underwriting Officer, or Chief Risk Officer tend to be the highest paid positions, often earning six-figure salaries plus bonuses. Senior-level positions requiring extensive industry experience, leadership skills, and advanced certifications typically command the highest compensation in the field.

What is business development insurance?

Business development insurance refers to coverage that protects companies as they expand and pursue new markets, including policies like professional liability and commercial property insurance. It helps mitigate risks associated with growth activities and often requires understanding industry-specific risks and risk management strategies.

What are the key skills and qualifications needed to thrive in the Business Development Insurance position, and why are they important?

To thrive as a Business Development Insurance professional, you need a solid understanding of insurance products, sales strategies, and market analysis, often supported by a degree in business or finance. Familiarity with CRM software, data analysis tools, and insurance licensing or certifications (such as state-specific licenses) is typically required. Strong negotiation, networking, and interpersonal communication abilities set top candidates apart in this field. These competencies are essential for identifying new business opportunities, building client relationships, and driving company growth in a competitive industry.

What are the most commonly searched types of Business Development Insurance jobs in New York? The most popular types of Business Development Insurance jobs in New York are:
What are popular job titles related to Business Development Insurance jobs in New York? For Business Development Insurance jobs in New York, the most frequently searched job titles are:
What job categories do people searching Business Development Insurance jobs in New York look for? The top searched job categories for Business Development Insurance jobs in New York are:
Business Development Insurance jobs near you
Infographic showing various Business Development Insurance job openings in New York as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $93,652 per year, or $45 per hour.

Business Development Manager

Converge Insurance

New York, NY

$145K - $200K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Re-posted 15 days ago

Job description

About Converge

Converge fuses cyber insurance security and technology to provide businesses with clear, confident cyber protection. Deploying a proprietary data ecosystem underpinned by expert underwriting, it provides risk solutions that deliver high value strategies with improved outcomes. Our team is composed of top-tier professionals across underwriting, technology, and claims who share a passion for driving the future of cyber risk management.

Position Overview

In this role the BDM will report directly to the Head of Distribution. This role will also work closely with the Underwriting team and the Director of Cyber Risk Solutions, aligning strategy, engagement, and connectivity focused on Converge' s wholesale and partnered insurance strategy, identifying new opportunities, building out relationships and driving strategic engagement primarily in the West region. We are looking for seasoned sales professionals in the territory to help us develop and empower the success of our partners by aligning our product, technology and capabilities in support of our broker's business goals.

Key Responsibilities

The Business Development Manager will work with the Head of Distribution and Underwriting team to develop regional business plans that drive growth, optimize our products and programs, generate new opportunities, and retain renewals.

The Business Development Manager will conduct planned brokerage visits within an assigned territory to develop new accounts, service existing accounts, review broker performance and improve the broker relationship with Converge.

The Business Development Manager supports the Head of Distribution and Underwriting team by reinforcing Converge's product appetite, coverage options, pricing, claims handling, and security service capabilities.

Responsible for brokers' satisfaction with Converge products/capabilities and connecting brokerage contacts to the appropriate Converge resources including underwriting, claims, and security services.

The Business Development Manager will monitor performance and identify trends, partner alignment, and provide guidance to brokers as part of their periodic reviews.

The Business Development Manager supports the Head of Distribution and Director of Cyber Risk Solutions on the success of the partnered insurance program initiatives, from lead generation to Go-to-Market strategy.

Up to 25% of travel required (depending on location)

Qualifications & Experience

5+ years of experience in sales & underwriting, placing commercial cyber insurance and/or technology or cybersecurity

Self-motivated and entrepreneurial spirit

Comfortable working in a fast-paced, dynamic environment

Strong interpersonal communication skills (verbal & written)

Strong presentation skills

Aptitude to learn technical concepts and terms

Ability to manage multiple tasks/projects simultaneously

Education

Bachelor's degree.

Physical Requirements

Prolonged periods sitting at a desk and working on a computer.

Ability to lift up to 15 pounds occasionally.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Compensation & Benefits

Pay Range: $145,000 - $200,000 annually (commensurate with experience and location).

Total Compensation Context: This role may be eligible for annual performance bonuses and equity participation.

Benefits Overview: Converge provides comprehensive health benefits (medical, dental, vision), a 401(k) plan with employer contribution, and flexible paid time off (PTO).

EEO Statement

Converge Insurance is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Employment decisions are made without regard to race, color, religion, sex (including pregnancy, gender identity, or sexual orientation), national origin, age, disability, veteran status, or any other legally protected characteristic.

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