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What Do Account Manager, Insurances Do?
Account managers in the insurance industry are found in a variety of insurance firms, from small insurance companies to large nationwide dealers. Most positions do not have defined educational requirements, but many do list a bachelor’s degree as being preferred. However, many positions require relevant experience in the field, though the exact amount varies by company and position. Other requirements include licenses specific to the type of insurance practice and location of the job.
Account Manager, Insurance Tasks
Review, manage and grow assigned portfolio of accounts.
Send, receive, and file paperwork and forms and complete associated administrative tasks.
Update and maintain files, databases, and contact lists.
Provide information on updates and revisions to regulations and policies.
Work with clients and producers to update and audit accounts.
Popular Employer Salaries for Account Manager, Insurance
The top respondents for the job title Account Manager, Insurance are from the companies Hub International, Inc., State Farm Insurance Company and USI Insurance. Reported salaries are highest at USI Insurance where the average pay is $62,627. Other companies that offer high salaries for this role include Hub International, Inc., earning around $54,496. State Farm Insurance Company pays the lowest at around $38,494. St. Paul's Travelers also pays on the lower end of the scale, paying $47,506.
Explore the most common career paths for Account Manager, Insurance. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Skills in Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Sales, Customer Relations, Customer Service and Insurance.
What is the Pay by Experience Level for Account Manager, Insurances?
An entry-level Account Manager, Insurance with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $45,489 based on 11 salaries. An early career Account Manager, Insurance with 1-4 years of experience earns an average total compensation of $45,413 based on 111 salaries. A mid-career Account Manager, Insurance with 5-9 years of experience earns an average total compensation of $49,849 based on 91 salaries. An experienced Account Manager, Insurance with 10-19 years of experience earns an average total compensation of $52,084 based on 127 salaries. In their late career (20 years and higher), employees earn an average total compensation of $51,935.
Employees with Account Manager, Insurance in their job title in New York, New York earn an average of 47.4% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (19.4% more) and San Diego, California (16.3% more). The lowest salaries can be found in Seattle, Washington (4.6% less) and Richmond, Virginia (3.8% less).