Different Departments in Insurance | 10 Different Roles in a Company

Different Departments in Insurance | 10 Different Roles in a Company

Today we will talk about Different Departments in Insurance | 10 Different Roles in a Company.

So before we get into this post, People who are reading this maybe salesperson or entrepreneurs or a starter But I want you all to read this post regardless of what you are doing. After reading this just identify some roles mentioned below which you are good at and just start working on them.

So here are 10 different Roles/Departments within a Company-

1- Biz Dev

In the world of politics, if you are running a Country, an Ambassador that is a U.S. ambassador that deals with relations in the Middle East -- hypothetically. The Biz Dev person is doing the dirty work very very important role but do the dirty work. So you need to go out there and sit and talk to the political powers, the senators, the congressmen, the President of a Country in the Middle East - Iran, Kuwait, whatever it is and ask them. They are going to say," We really don't like your President, that he announced this, this, this or that or we really don't like how this partnership or relationship is going, We don't like how you are doing this. That's Biz Dev. 

2- Visionary

The visionary is what a lot of people want to become but not everybody is a visionary. Let me explain to you what I mean by not everybody is a Visionary. If you ask in basketball, everybody wants to be like Mike Everybody wanted to be a Kobe or everyone wants to be a LeBron James. But maybe you are a Steve Kerr, you know? Maybe you are somebody that's just a role player, maybe you are somebody that is just a sixth man. Maybe you are a big guy that you don't have good footwork, but you're somebody that the other centers get good on working with you because you're stronger, you're pushing them. You here you are playing a role of visionary that generally be called as CEO. The best example here is of Coco Cola and Pepsi rivary.

3- Operations

Systems, CRM,flow,how long does it take from the person that looks at your website to buying the product to converting to being a buy back customer, what can we make to get these customers that we have. How can we get the calenders to be better, hiring new people, we need more staff here, we need a person here, we need to fire this person here, we need to renegotiate this here, this thing is not working out. That's Operations. Operations can come and say maybe I can get this thing better. It is so critical for the company maybe boring to some but so critical for the company.

4- Finances

Finance is Quickbook, payroll, commissions, vendor checks, attorneys, making sure attorneys, you are negotiating the contracts with the attorneys the right way. CPA, accounting, the team, assistant analyst, all these things that you are going to have to do when you are running finance.

5- Expansion

Somebody that says, you know, we need to go to a brand new marketplace. So expansion thinks about building a team together, for us to go to a new market. It could be also called as Chief Expansion Officer not CEO. And there job is simply, hey, we are not going on the East Coast, we need to go into the West Coast

6- Marketing

Marketing is just very very critical. Marketing could be when a customer thinks about our company, what's the first word that comes to mind ? What does the market, What does the employees, What does the enemy thinks about our company. A marketer thinks about How to market a product which funnel to use whether to use Social Media, TV, or any other thing or maybe your product doesn't need much marketing. A Marketer thinks completely different. If you are a marketer you know how you thinks. 

7- Legal

In every Industry there is compliance there's law, there's you know, making sure you are complaint with the regulations or whatever- with the financial industry it's FINRA, it's SEC, you know, all these other things. It doesn't matter what you are doing in anything there is a legal. So you have got to be sure that you have a strong legal team.

8- Information

Someone's very good at research, someone that's very good at studying competition, Some body is very good at studying trends and keeping track of updating and saying That you know today this this happen, A million dollar startup started in Silicon Valley and every information about business That person will be playing this role. This is very important for the company as it helps in the working of other 9 Departments of the companies.

9- Product Development

Product Development is somebody that says, I am designing a product Typically, product development are wired in a completely different way. They will take a look at this packaging and they will say you know, I wonder why they put these four things in the bag ? I don't like them.They just look at the product different ways that you and I don't do. Very important for product development to be in communication with the rest of the guys

10- Sales

So a lot of times, we put so much attention into everything else, so much attention, every position is very important That you forget to put constant emphasis in Sales. So If you will see any company downfall it is 80% chances because of Sales because the great sales manager is no longer these, the sales team is going too casual because they know they will hit there bonuses easily. So Sales is also very important part in a Company.

So I hope that my post on "Different departments in Insurance | 10 Different roles in a Company" has helped you to find your ideal role in a company.