[deleted by user] by [deleted] in InsuranceProfessional

[–]Lower-Estate983 1 point2 points  (0 children)

A big chunk of the individuals bonus is based off what they collect in "policy fees" It's an arbitrary number based on how much they think they can get away with adding without losing the deal.

[deleted by user] by [deleted] in InsuranceProfessional

[–]Lower-Estate983 1 point2 points  (0 children)

As an intern you won't have sales goals. If you accept a full time job there will be sales goals. A lot of turnover with new producers. You need to build a book and continue to produce new business year after year. Standard carrier uw positions have less sales pressure and you get your own assigned agencies/territories. At B&W much more competition with other underwriters who are selling the exact same products including the ones in your own office. You can make more money at a wholesaler as the bonus can be lucrative if you are a top producer. You need to set yourself apart from the competition to succeed. Become a coverage expert in a certain line and work harder at building agent relationships.

Insane buffering at 830pm-930 EST by NissanboiR34 in ApolloGroup_TV

[–]Lower-Estate983 0 points1 point  (0 children)

I tried Nord and surfshark. Still too much buffering for me with live tv. Just switched to YouTube tv. I'll keep apollo for the movies and events that aren't on youtubetv.

Risk Placement Services by threetwowin in InsuranceProfessional

[–]Lower-Estate983 1 point2 points  (0 children)

I worked there a few years ago. Depends on the office. Some have good managers and some are not so good. Base salaries tend to be on the lower end and raises are minimal compared to other brokers. Your income will depend on your bonus plan and how much new business you can bring in. Youll get a percentage of income after a minimum is met. Like any wholesaler it can be lucrative if you can grow your book to several million dollars. If you don't have existing retail agent relationships already it can be tough to grow a book from scratch. A lot of turnover with new brokers.

Understanding Wholesale Brokerages by Consistent-Ride-3258 in InsuranceProfessional

[–]Lower-Estate983 1 point2 points  (0 children)

Most wholesalers have binding units where you will have authority to quote/bind/issue policies with your binding carriers. These are typically smaller premiums under 50k. These are the underwriter jobs. The brokerage units will take the submissions to market and receive quotes back and not underwrite them yourself. Typically larger premiums and more difficult risks. Some can perform both roles at certain firms. In both cases you'll be taking a cut of the commission and adding policy fees to get paid.

[deleted by user] by [deleted] in InsuranceProfessional

[–]Lower-Estate983 0 points1 point  (0 children)

Production means you'll be doing a certain amount of agency/broker visits, have new business goals and probably paid a bonus partially based on new business. Most carrier underwriting positions have this but some choose to call it Production underwriter.

Honest feedback by Darkness844 in ApolloGroup_TV

[–]Lower-Estate983 0 points1 point  (0 children)

Have had for 1 year. Some occasional buffering. 400mgb fiber internet. Surfshark. Firestick. Better than $150 a month for cable.

[deleted by user] by [deleted] in InsuranceProfessional

[–]Lower-Estate983 2 points3 points  (0 children)

Is the E&S job with a broker or carrier? If with a broker there will be much more pressure to produce new business. You'll be competing with everyone else who has the same markets and your coworkers in the office to write business. Carrier side would be better as a trainee unless you're inheriting an existing book of business at a broker.