(Career Asssessments, Exploration & Counselling)
Career: Insurance Policy Processing Clerks
Job Description
Process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party's specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.
Job Tasks
Importance %age |
Task Description |
94
|
Correspond with insured or agent to obtain information or inform them account status or changes. |
92
|
Modify, update, and process existing policies and claims to reflect any change in beneficiary, amount of coverage, or type of insurance. |
89
|
Review and verify data, such as age, name, address, and principal sum and value of property on insurance applications and policies. |
87
|
Examine letters from policyholders or agents, original insurance applications, and other company documents to determine if changes are needed and effects of changes. |
86
|
Organize and work with detailed office or warehouse records, maintaining files for each policyholder, including policies that are to be reinstated or cancelled. |
86
|
Notify insurance agent and accounting department of policy cancellation. |
85
|
Process and record new insurance policies and claims. |
81
|
Process, prepare, and submit business or government forms, such as submitting applications for coverage to insurance carriers. |
80
|
Compose business correspondence for supervisors, managers and professionals. |
75
|
Interview clients and take their calls to provide customer service and obtain information on claims. |
74
|
Collect initial premiums and issue receipts. |
74
|
Transcribe data to worksheets and enter data into computer for use in preparing documents and adjusting accounts. |
67
|
Calculate premiums, refunds, commissions, adjustments, and new reserve requirements, using insurance rate standards. |
59
|
Obtain computer printout of policy cancellations or retrieve cancellation cards from file. |
54
|
Compare information from application to criteria for policy reinstatement and approve reinstatement when criteria are met. |
39
|
Check computations of interest accrued, premiums due, and settlement surrender on loan values. |
Work Activities
Importance %age |
Activity Description |
67
|
Organizing, Planning, and Prioritizing Work
|
65
|
Communicating with Persons Outside Organization
|
62
|
Updating and Using Relevant Knowledge
|
61
|
Establishing and Maintaining Interpersonal Relationships
|
60
|
Getting Information
|
59
|
Communicating with Supervisors, Peers, or Subordinates
|
57
|
Processing Information
|
55
|
Resolving Conflicts and Negotiating with Others
|
53
|
Identifying Objects, Actions, and Events
|
53
|
Monitor Processes, Materials, or Surroundings
|
50
|
Documenting/Recording Information
|
50
|
Making Decisions and Solving Problems
|
50
|
Evaluating Information to Determine Compliance with Standards
|
48
|
Selling or Influencing Others
|
47
|
Analyzing Data or Information
|
47
|
Performing for or Working Directly with the Public
|
46
|
Interpreting the Meaning of Information for Others
|
46
|
Coordinating the Work and Activities of Others
|
46
|
Interacting With Computers
|
44
|
Monitoring and Controlling Resources
|
42
|
Scheduling Work and Activities
|
42
|
Performing Administrative Activities
|
41
|
Developing and Building Teams
|
36
|
Judging the Qualities of Things, Services, or People
|
33
|
Assisting and Caring for Others
|
30
|
Thinking Creatively
|
29
|
Estimating the Quantifiable Characteristics of Products, Events, or Information
|
28
|
Developing Objectives and Strategies
|
26
|
Coaching and Developing Others
|
24
|
Training and Teaching Others
|
21
|
Handling and Moving Objects
|
20
|
Controlling Machines and Processes
|
19
|
Inspecting Equipment, Structures, or Material
|
18
|
Guiding, Directing, and Motivating Subordinates
|
16
|
Provide Consultation and Advice to Others
|
14
|
Staffing Organizational Units
|
8
|
Repairing and Maintaining Mechanical Equipment
|
5
|
Repairing and Maintaining Electronic Equipment
|
4
|
Performing General Physical Activities
|
3
|
Operating Vehicles, Mechanized Devices, or Equipment
|
0
|
Drafting, Laying Out, and Specifying Technical Devices, Parts, and Equipment
|