An Insurance Manager works within a company, either to manage the company's commercial insurance policies within a set budget, or to align the company's products and goods with cost effective insurer relationships to provide customers and buyers with the best possible service.
Insurance Managers will usually be in charge of managing all and any insurance claims, and ensuring that they are processed in a timely manner with minimum stress to the company or budget.
Insurance Managers must be good with numbers and have an excellent eye for detail to ensure they don't miss anything in the small print of an insurance contract. They need a good understanding of legal jargon in order to read and understand complex contracts and legal documents, and they also need to be forward planners who can carefully think through every aspect of a potential insurance claim in order to avoid any financial loss.
A good degree such as the well regarded Masters Degree in in Insurance and Risk Management from the Cass Business School, which emphasise both theory and the practical aspects of risk management and the insurance market, offers an entry point into the profession. They will often specialise in or complete extra training in fields such as fire, Health and Safety, and so on
The day to day responsibilities of an Insurance Manager will vary from company to company, but they will typically include:
-Reviewing insurance policies, identifying any associated risks and recommending changes or improvements if needed
-Managing all insurance policy renewals in a timely manner
-Create and keep up to date all documentation regarding insurance