Insurance Broker Executive Salary in the United States

How much does an Insurance Broker Executive make hourly in the United States? The average hourly wage for an Insurance Broker Executive in the United States is $108 as of September 26, 2019, but the range typically falls between $90 and $133. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

Job Description

Directs the marketing of customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Leads team to obtain and negotiate quotes from different carriers, meet profitability targets, drive customer satisfaction and retention. Ensures efficient operational processes. May lead the most complex accounts and deals. Has deep knowledge of complex insurance products and multiple lines such as commercial property & casualty, employee benefits, and others. Requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management).Typically reports to senior management. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2019 Salary.com)

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Understand the total hourly compensation opportunity for a Insurance Broker Executive, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
90
133
108

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
104
166
129
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance Broker Executive in the United States. The average hourly rate for Insurance Broker Executive ranges from $90 to $133 with the average hourly pay of $108. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $104 to $166 with the average total hourly cash compensation of $129.
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90
133

 

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Career Path for this job

  1. Down a level:

    Insurance Managing Broker

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance Broker Executive


    Bachelor's Degree

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Job Openings for Insurance Broker Executive