How much does an Insurance Broker Executive make in the United States? The average Insurance Broker Executive salary in the United States is $230,154 as of July 27, 2020, but the range typically falls between $190,117 and $282,239. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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25% $190,117 10% $153,665 90% $329,660 75% $282,239 $230,154 50%(Median)
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Job Description for Insurance Broker Executive

Insurance Broker Executive directs the marketing of customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Leads team to obtain and negotiate quotes from different carriers, meet profitability targets, drive customer satisfaction and retention. Being an Insurance Broker Executive ensures efficient operational processes. May lead the most complex accounts and deals. Additionally, Insurance Broker Executive has deep knowledge of complex insurance products and multiple lines such as commercial property & casualty, employee benefits, and others. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Requires a bachelor's degree. Typically reports to senior management. The Insurance Broker Executive typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be an Insurance Broker Executive typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2020 Salary.com)... View full job description

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Job Openings for Insurance Broker Executive
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David Blitz, Treasurer and Secretary
Cadus Corporation engages in real estate acquisition, renovation, and construction activities in Miami-Dade County, Florida. It would purchases individual homes and individual residential lots for renovation or construction, and resale. The company was formerly known as Cadus Pharmaceutical Corporation and changed its ... More
Fiscal Year Ended in 2017
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%

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Average Base Salary

Core compensation

 
 
 
190117
282239
230154

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
220471
353064
273678
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker Executive in the United States. The base salary for Insurance Broker Executive ranges from $190,117 to $282,239 with the average base salary of $230,154. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $220,471 to $353,064 with the average total cash compensation of $273,678.
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190117
282239

 

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Skills associated with Insurance Broker Executive: Insurance Software, Negotiation, Risk Assessment, Operations Management ...More

Salary estimation for Insurance Broker Executive at companies like : AG Mortgage Investment Trust, Inc., CADUS CORPORATION, Manning & Napier, Inc.