INSURNCE THREAD! What's something you wished you knew or always wanted to ask?

I know there are a few of us in here to answer your questions, and its something EVERYONE is legally required to buy at some point in their lives. It's also a solid career choice with huge earning potential.


CYBER RISKS are THROUGH THE ROOF RIGHT NOW. I *know* y'all heard about the Colonial Pipeline hack .


Other fun fact is that my company actually mines its own cryptocurrency to pay ransom attacks, as many carriers (insurance companies) won't - but that may be changing soon.



Career basics:


There are three licenses required to sell insurance; Life and health, personal lines and commercial lines. There is also the FINRA series 6, 7 or 63 for variable life/variable annuities but I know very little about those lol.


Personal lines is 40 hours and a state exam (think home, personal auto)

Commercial is 90 hours and a state exam (think everything to do with business).


You must renew your license every 2 years and take 15 hours of CE courses (there have been webinars that you attend which will satisfy this lately).


You can earn various specialty designations should you choose, such as CIC (certified insurance councilor), CRM (certified risk manager), CRIS (construction risk insurance specialist), TRIP (transportation risk insurance professional), and many many more. This is totally optional and honestly doesn't really matter much. Some are 40 hours, some take a year and require accounting courses (AFSB).

Want to know more?

Attached poll
*Voting in this poll no longer yields commission.
๐ŸŽˆ Mentorship
๐Ÿ›ก Insurance
๐Ÿ’ก Education/Resources
9
Chep
WR Officer
2
Bitcoin Adoption Specialist
Would you rather work for a Mutual Insurance Company, A Publicly Listed one, or Run your own practice?
Incognito
WR Officer
2
Master of Disaster
uhhh I do commercial so I would prefer a privately held national large brokerage with excellent international capabilities which will allow me to write a select few small commercial accounts that I believe will grow, focus on middle market but has the ability to service at least some portion of large international firms if I can get in the door.ย 

I'd go to one of the top 3 (which are public) if they changed certain people in management positions.ย 

Also, they need to have a strong surety team (not insurance - bonding).ย 
MrMotivation
Politicker
1
Sales
Commercial P&C? Apart of Marshberry by any chance?

I used to sell a risk management platform to commercial insurance agencies. I handled our Marshberry relationship for our Strategic team. Fun gig
Incognito
WR Officer
1
Master of Disaster
Nope, never even heard of marshberry lol. Yes, I do commercial P&C.

Definitely heard ( and often deal with/ attempted to be recruited by) Marsh tho ๐Ÿ˜‚
SADNES5
Politicker
1
down voters are marketing spies
Love this. Premiums for cyber have skyrocketed since they paid.ย 

Going to see a lot more of these infrastructure attacks because it's easy money. They will have to pay without a long recovery.ย 
MR.StretchISR
Politicker
0
ISR
Will watch this too, soon!
18
Members only

What is something you wish you knew early on in your career?

Discussion
30
32
Members only

What is one thing you know now that you wished you knew when starting in sales?

Question
37
18
Members only

What is 1 thing you wish your manager would ask you

Question
29