Insurance

The Insurance Manager

Post Description

                                    To stay competitive and to protect the interests of their employees and the business, companies try to make sure that they have minimized the risk of financial loss. This includes keeping an eye on insurance packages of all kinds and related benefits or programs such as flexible spending accounts. Management hires insurance managers to handle the duties related to this objective.

Skills/Abilities

                                                The Bureau of Labor Statistics emphasizes that insurance managers need excellent interpersonal skills because they are team leaders. They also recommend that insurance managers have a broad understanding of the company as a whole so that they have a better idea of what insurance needs the company has, as well as knowledge of international finance. 

Work Activities

                                                An insurance Manager communicates with business partners inside and outside a company, indicates Onet Online. He also makes decisions and solves problems.

Responsibilities

                                                An insurance Manager supports the implementation of new procedures and manages corporate agency data requirements, indicates a job announcement on CareerBuilder. He also provides support to staff, if required. 

Duties

                                                According to the Bureau of Labor Statistics, the primary duty of an insurance manager is to obtain and oversee company insurance or related funds that management uses to cover costs such as disability benefits or lawsuits. The Commonwealth of Virginia describes the responsibilities of insurance managers further, stating that they handle claims, direct information for claimants, supervise claims investigations, review insurance policies, develop insurance procedures and manage insurance data for carriers' reports.