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Commission Captive Insurance Agent Jobs in Virginia

HealthMarkets, Inc.

Insurance Agent

Arlington, VA · On-site

An Independent licensed insurance agent with HealthMarkets is a commission only opportunity. HealthMarkets Insurance Agency, Inc., is licensed as an insurance agency nationwide except in MA. Not all ...

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Commission Captive Insurance Agent information

What are some common challenges faced by commission captive insurance agents, and how can they be addressed?

Commission Captive Insurance Agents often face the challenge of building a strong client base, especially in a competitive market where trust and long-term relationships are crucial. Navigating the complexities of captive insurance products and clearly communicating their benefits compared to traditional insurance can also be demanding. To overcome these challenges, agents benefit from continuous education, active networking, and leveraging support from their agency’s training programs. Staying updated on industry trends and regulatory changes is essential for providing clients with informed guidance and maintaining credibility.

What is a commission captive insurance agent?

Commission captive insurance agents are professionals who work exclusively for one insurance company, known as a 'captive' insurer. They sell the company's insurance products and typically earn a commission based on the policies they sell, rather than a fixed salary. These agents are knowledgeable about their company's offerings and provide clients with tailored insurance solutions from their specific provider. Their deep understanding of the company's products allows them to offer expert advice, but their options are limited to what their employer offers. Working as a captive agent can offer stable support and training from the parent company.

Do Commission Captive Insurance Agents get paid on commission?

Yes, Commission Captive Insurance Agents typically earn income through commissions based on the policies they sell. Their compensation is often commission-based, with some agents also receiving bonuses or incentives for performance. This structure encourages sales and client acquisition in the insurance industry.

What is the difference between Commission Captive Insurance Agent vs Independent Insurance Agent?

FeatureCommission Captive Insurance AgentIndependent Insurance Agent
CredentialsLicensing varies by state, typically requires an insurance licenseSame licensing requirements as captive agents
Work EnvironmentWorks exclusively for one insurance companyRepresents multiple insurance companies
EmployerEmployed by a single insurance companySelf-employed or works for an independent agency
Industry UsageCommon in specialized or exclusive product linesWidely used across various insurance markets

In summary, a Commission Captive Insurance Agent works exclusively for one insurer, focusing on its products, while an Independent Insurance Agent offers policies from multiple insurers, providing broader options to clients.

What are the key skills and qualifications needed to thrive as a commission captive insurance agent?

To thrive as a Commission Captive Insurance Agent, strong sales abilities, deep understanding of insurance products, and appropriate state licensing are essential. Familiarity with CRM software, quoting platforms, and compliance management systems is typically required. Excellent interpersonal skills, self-motivation, and resilience help agents build trust and maintain client relationships. These skills are crucial for meeting sales targets, ensuring regulatory compliance, and sustaining long-term business growth in a competitive market.
What are the most commonly searched types of Captive Insurance Agent jobs in Virginia? The most popular types of Captive Insurance Agent jobs in Virginia are:
What cities in Virginia are hiring for Commission Captive Insurance Agent jobs? Cities in Virginia with the most Commission Captive Insurance Agent job openings:
Commission Captive Insurance Agent jobs near you

Insurance Account Manager

Maverick Agency Consulting

Roanoke, VA

Full-time

Re-posted 16 days ago

Job description

Company Description

Maverick Agency Consulting connects qualified candidates to successful insurance agency owners.

Job Description

Successful captive insurance agent is seeking a qualified professional to join their winning team for the role of Account Manager. We seek an energetic professional interested in helping our business grow through value-based conversations and remarkable customer experience. If you are a motivated self starter who thrives in a fast-paced environment, then this is your opportunity for a rewarding career with excellent income and growth potential.

As an Account Manger you will receive...

  • Competitive compensation plan
  • Flexible hours
  • Comprehensive training
  • Valuable experience
  • Growth potential/Opportunity for advancement
Qualifications
  • 4 year college degree or equivalent work experience
  • Industry experience preferred
  • Active insurance license(s) preferred
  • 2+ years of sales experience
  • Self-motivated
  • Ability to multi-task
  • Driven for success
Additional Information

All your information will be kept confidential according to EEO guidelines.

Apply