How much does an Insurance Managing Broker make in Louisiana? The average Insurance Managing Broker salary in Louisiana is $224,601 as of April 24, 2024, but the range typically falls between $180,755 and $280,747. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Insurance Managing Broker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Managing Broker Salary $140,835 LA April 24, 2024
25th Percentile Insurance Managing Broker Salary $180,755 LA April 24, 2024
50th Percentile Insurance Managing Broker Salary $224,601 LA April 24, 2024
75th Percentile Insurance Managing Broker Salary $280,747 LA April 24, 2024
90th Percentile Insurance Managing Broker Salary $331,864 LA April 24, 2024
25% $180,755 10% $140,835 90% $331,864 75% $280,747 $224,601 50%(Median) Didn’t find job title? Click
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What skills does an Insurance Managing Broker need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Case Management: Connecting patients with suitable healthcare providers, resources, and services to ensure they receive optimal, cost-effective care.

3.

Financial Planning: In general usage, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans. This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving in the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.

Customer Service 4.15%
Case Management 3.83%
Financial Planning 1.43%
Others 90.59%

Job Description for Insurance Managing Broker

Insurance Managing Broker develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Being an Insurance Managing Broker develops recommendations to advise customers on the best options that will meet their needs and to place and retain the business. Requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Additionally, Insurance Managing Broker requires a bachelor's degree. 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). Typically reports to a supervisor or manager. The Insurance Managing Broker work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be an Insurance Managing Broker typically requires 7+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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