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Insurance Service Broker Jobs in Calgary, AB (NOW HIRING)

Experience in insurance, financial services, or another regulated industry * Familiarity with ... broker, dealer, and OEM partners send us - from a governed source, not assembled fragments Who We ...

... insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 19,000 employees in ...

To read more about HUB, please visit About HUB International Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services ...

Underwriting Associate

Calgary, AB ยท Hybrid

CA$70K - CA$80K/yr

Your strength lies in analyzing and underwriting CMHC-insured, conventional, and commercial real ... Engage directly with clients and brokers throughout the loan application process, ensuring high ...

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Insurance Service Broker information

What is the difference between Insurance Service Broker vs Insurance Agent?

AspectInsurance Service BrokerInsurance Agent
CredentialsLicensing required, often multiple linesLicensing required, typically for specific companies
Work EnvironmentIndependently or with brokerage firms, advising clientsRepresenting specific insurance companies, selling policies
Employer & Industry UsageUsed across brokerage firms and independent agenciesEmployed by or contracted with insurance companies
Comparison IntentSeeking broader coverage options for clientsFocused on selling specific company policies

Insurance Service Brokers typically work independently or with brokerages, offering clients a variety of insurance options from multiple providers. Insurance Agents usually represent specific insurance companies, focusing on selling their policies. Both roles require licensing, but brokers often have a broader scope of coverage and work in more independent settings, while agents are tied to particular insurers.

How much do insurance service brokers get paid?

Insurance service brokers typically earn a median annual salary of around $50,000 to $70,000, with experienced brokers or those working in high-demand markets earning higher. Compensation often includes commissions and bonuses based on sales performance, and a broker's income can vary depending on their experience, location, and client base.

Is insurance service brokering a good career?

Insurance service brokering is a viable career that involves helping clients select appropriate insurance policies and providing ongoing support. It requires strong communication skills, industry knowledge, and often involves obtaining relevant licenses; the job can offer flexible hours and commission-based income. Career prospects depend on experience, networking, and market demand for insurance services.

AVP, Executive Underwriter, Property & Casualty

Calgary, AB โ€ข On-site

Other

Medical, Dental, Life, Retirement

Re-posted 19 days ago


Job description

Department: Underwriting

Location: Calgary

Company Overview:

Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 300 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Toronto, Montreal and Halifax.

At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. At Liberty Mutual Canada, our values are to foster a high-performing, equitable and inclusive culture where the best talent of all backgrounds can bring their whole selves to work and succeed.

If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!

Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:

- A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance

- Competitive health & dental benefits plan

- Market-leading pension plan

- Competitive time off policy

- External education & tuition reimbursement programs

- Employee & Family Assistance Programs

- An opportunity to get involved and become a member of one of our national employee committees โ€“ social responsibility, employee engagement, diversity, equity & inclusion

The Opportunity:

Weโ€™re looking for an AVP, Executive Underwriter to join our growing team! This role will be accountable for underwriting and profitably growing a portfolio of property & casualty business within the Prairie Region. Lines of business will focus on Property, Casualty, P&C Package, Umbrella and Excess Liability. The successful incumbent will also play a key role in coaching, mentoring, and training other members of the team to ensure their ongoing professional development. They will manage relationships with key broker partners and clients and provide valuable input into regional strategies and other operational improvements.

Duties & Responsibilities:.

  • Manage a portfolio of new and renewal P&C business, significantly contributing to the regionโ€™s profitable growth in target lines of business.
  • Collaborate with internal teams (risk services, actuary, claims) to achieve profitable growth through technical research and relationship building.
  • Significantly contribute to the regionโ€™s new business goals by maintaining a quality pipeline of prospects through targeted marketing, cross-selling and account rounding efforts with our key broker partners.
  • Ensure proper risk selection, exposure review, setting of profitable terms and conditions, file documentation, adherence to underwriting guidelines and strategies.
  • Support teamโ€™s overall underwriting knowledge through handling of referrals, sharing of best practices and formal/informal training.
  • Coach, mentor, and train colleagues on underwriting, business development, negotiation skills, and other necessary soft skills to ensure their ongoing professional development.
  • Responsible for relationship management with key brokers, clients, and prospects to ensure exceptional service and gather market intelligence to expand Libertyโ€™s product and service offerings.
  • Collaborate and manage multi-line account solutions while highlighting differentiators in product offerings and value propositions.
  • Provide recommendations towards regional growth strategies, broker, and client plans.
  • Propose alternate solutions to existing underwriting processes to improve service and simplify our business, and act as an early adopter of new systems and processes.
  • Commitment to continuous learning and development through attendance at industry events, relevant seminars, and courses, and learning from existing Liberty expertise.
  • Follow Libertyโ€™s Guidelines for Inclusion and encourage its use at Liberty. Build personal DE&I knowledge and act as an early adopter of new DE&I skills and processes to drive positive change
  • Other duties and projects as assigned.

Skills & Qualifications:

  • A minimum of 6 yearsโ€™ experience underwriting commercial P&C insurance.
  • Post-secondary education including relevant Insurance designation(s)/education is considered an asset.
  • Proficient in understanding P&C policy wordings and their impact on claims scenarios.
  • Self-starter with proven analytical skills and a proven track record in a solutions-oriented approach to underwriting that drives profitable growth.
  • Comfortable with critical thinking and a growth mindset, with thoughtful consideration of diverse perspectives during decision-making and respectful of differences.
  • Able to respectfully give and receive positive and constructive feedback.
  • Effective at managing internal and external meetings with professionalism and clarity while driving mutual accountability for results.
  • Effective at change management and adapting to new systems and processes.
  • Helps drive innovation through a growth mindset, viewing roadblocks as opportunities for growth and supporting new idea testing, training, and ongoing monitoring of changes.
  • Excellent communication, organizational and time management skills.
  • Collaborates well across business units.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.

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