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Underwriting sales representative vs insurance broker

The differences between underwriting sales representatives and insurance brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance broker has an average salary of $94,006, which is higher than the $25,493 average annual salary of an underwriting sales representative.

The top three skills for an underwriting sales representative include customer service, credit decisions and life insurance. The most important skills for an insurance broker are customer service, life insurance products, and lead generation.

Underwriting sales representative vs insurance broker overview

Underwriting Sales RepresentativeInsurance Broker
Yearly salary$25,493$94,006
Hourly rate$12.26$45.20
Growth rate6%6%
Number of jobs102,96438,403
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 64%
Average age4646
Years of experience--

Underwriting sales representative vs insurance broker salary

Underwriting sales representatives and insurance brokers have different pay scales, as shown below.

Underwriting Sales RepresentativeInsurance Broker
Average salary$25,493$94,006
Salary rangeBetween $15,000 And $42,000Between $62,000 And $141,000
Highest paying City-Birmingham, AL
Highest paying state-Washington
Best paying company-Liberty Mutual Insurance
Best paying industry-Insurance

Differences between underwriting sales representative and insurance broker education

There are a few differences between an underwriting sales representative and an insurance broker in terms of educational background:

Underwriting Sales RepresentativeInsurance Broker
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Underwriting sales representative vs insurance broker demographics

Here are the differences between underwriting sales representatives' and insurance brokers' demographics:

Underwriting Sales RepresentativeInsurance Broker
Average age4646
Gender ratioMale, 48.2% Female, 51.8%Male, 62.5% Female, 37.5%
Race ratioBlack or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.0% American Indian and Alaska Native, 0.1%Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between underwriting sales representative and insurance broker duties and responsibilities

Underwriting sales representative example responsibilities.

  • Manage Facebook and patient communication programs.
  • Perform duties relating to the origination of residential first, second and equity credit lines on mortgage loans.
  • Provide merchandising assistance to customers by building displays, negotiating placement, replenishing permanent secondary displays and using POS materials effectively.
  • Work as an integral part of a national sales team that specializes in focusing on new business for Amica.
  • Used consultative upselling techniques to provide leads

Insurance broker example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Work as an independent financial planner selling life insurance and annuities to individuals and families
  • Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
  • Deliver on the GEICO promise to customers by solving problems and giving competent insurance advice in a courteous and proficient manner.

Underwriting sales representative vs insurance broker skills

Common underwriting sales representative skills
  • Customer Service, 36%
  • Credit Decisions, 23%
  • Life Insurance, 21%
  • Origination, 20%
Common insurance broker skills
  • Customer Service, 11%
  • Life Insurance Products, 8%
  • Lead Generation, 8%
  • Financial Resources, 8%
  • Annuities, 8%
  • Insurance Carriers, 6%