Insurance Business Development Manager Jobs

Insurance Business Development Managers are employed by insurance companies to build up business accounts through other agents. Insurance Development Manager Jobs promote their company's insurance products and key features, and encourage the agents to sell insurance to their customers or employees and try to attract new business, sometimes on a very large scale.

Business Development Manager job responsibilities

Within the new business development role, you'll be tasked with identifying new business opportunities, setting up meetings and preparing sales presentations to potential clients, tracking sales performance and profitability of accounts.

It is likely that the Insurance Business Development Manager will work with other employees within the insurance company who specialise in actuary, insurance claims and customer service.

Skill set required for Insurance New Business Development roles 

Knowledge of insurance products and the industry is vital along with excellent communication,  organisational and negotiation skills. Honesty and discretion is of high importance as the individual could be dealing with sensitive information or large corporate clients within large brokers. 

The average salary for an Insurance Business Development Manager is £35,000 but can range from £25,000 to £60,000.

There are no formal entry requirements, but employers generally prefer some sales and insurance experience. Many people gain some experience in insurance before managing accounts, often as technicians or in marketing or sales support.

Training is mainly on the job, though there may be in-house courses. Trainees also study for insurance qualifications. Mature applicants are welcome, and their previous experience may be useful.

Progress in their career often depends on how well their accounts do. They may move on to become a sales manager or area manager, or into senior management.

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Candidates can submit a CV online using our Register online service.

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