What does an Insurance Advisor do?

Insurance analysts evaluate different insurance policies to determine the associated risks involved for both the insurance company and the policyholder. They make changes to policies, gather data on lapsed coverage, cancel policies, and verify records’ accuracy. They use computer software to evaluate insurance policies to determine risks for both a policyholder and an insurance company and meet with clients to recommend a policy that suits their needs.

Insurance analysts also review policyholder applications to ensure they are filled out completely and accurately. They assist with and complete steps related to policy renewals, changes, and cancellations and verify policyholder records thoroughly. They review claims to ensure their legitimacy by verifying the policy’s details, conducting investigations, gathering relevant underwriting data, and providing management recommendations. Insurance analysts need a bachelor’s degree in business administration or related fields and relevant insurance coursework.

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Education--
Work/Life Balance
3.4 ★
Salary Range--
Career Opportunity
3.3 ★
Avg. Experience8+ years

Insurance Advisor Salaries

Average Base Pay

$46,607 /yr
Same as national average
Not including cash compensation
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$38K
Median: $47K
$58K
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Glassdoor Estimated Salary

Insurance Advisor Career Path

Learn how to become an Insurance Advisor, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Insurance Advisor Insights

Read what Insurance Advisor professionals have to say about their job experiences and view top companies for this career.
A-Plan InsuranceA-Plan Insurance
Insurance Consultant
Jan. 14, 2021

“Best training if you never worked within insurance industry.. qualifications such is aiming for CII is paid for.”

ICICI Prudential Life InsuranceICICI Prudential Life Insurance
Insurance Consultant
Oct. 21, 2019

“Interesting and best opportunity which I worked”

TDTD
Insurance Advisor
Jun. 5, 2020

“You get used to it pretty quick though and the pay well compensates for that in my opinion.”

USHEALTH AdvisorsUSHEALTH Advisors
Health Insurance Advisor
Jul. 26, 2021

“You can be the best salesman in the world and it still doesn’t matter.”

Beaumont and Son Consultoria de SegurosBeaumont and Son Consultoria de Seguros
Insurance Analyst
May 10, 2019

“A good place to start your career and to learn while being in college”

TD Insurance
Insurance Analyst
Apr. 2, 2021

“Great work and people there”

Royal SolutionsRoyal Solutions
Prior Authorization Specialist
Feb. 5, 2021

“Great work and life balance”

Central Montana Medical CenterCentral Montana Medical Center
Prior Authorization Specialist
Aug. 8, 2021

“Benefits are good but not the best.”

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Insurance Advisor Interviews

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