This question can give the interviewer insight into your negotiation skills and how you can help clients save money on their insurance policies. Use examples from past experiences to highlight your communication, problem-solving and conflict resolution skills.
Example: “I recently had a situation where I had to negotiate with an insurer for a better deal for my client. My client was looking for coverage on their business property, but the initial quote from the insurer was too expensive. After researching the market and understanding the needs of my client, I was able to present a strong case to the insurer that justified why they should offer a more competitive rate.
I was able to successfully negotiate a lower premium by highlighting the value of my client’s business and demonstrating how offering them a better deal would be beneficial for both parties. In the end, the insurer agreed to reduce the premium by 10%, which saved my client thousands of dollars in premiums over the life of the policy.
This experience demonstrated my ability to effectively negotiate with insurers while keeping the best interests of my clients in mind. It also showed my commitment to finding the most cost-effective solution for my clients, no matter what it takes.”
