Insurance is a heavily competing industry and it's important to know our competitors. Who are they?

How to Answer
Answer Example

You want to be specific here and ensure you know competitors within the industry. If you've worked in insurance sales for a while, you likely already know some of the big names such as Blue Cross Blue Shield or Cigna in health insurance, Geico or Statefarm for car insurance, or Allstate or Nationwide for homeowners insurance. If you're new to the industry, you'll want to do a quick search about companies within the industry to ensure you're knowledgeable about competitors. This question can be pretty straightforward when you answer, the key is to be specific and mention specific company names to show the interviewer you are knowledgeable about the industry. It is also a great opportunity for you to discuss what you think their company does better than their competitors.

"Having worked in the industry for several years, I know how competitive the industry can get. Some of the biggest competitors within heath insurance sales are BlueCross BlueShield, Cigna, Aetna, and Humana. What I think is great though is that your company has more focus on building those long-lasting relationships with clients. My understanding from research is that much of the training your company invests in isn't just about acquiring new clients but continuing relationships with existing ones, something I think makes you stand out from other companies."

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How to Answer: Insurance is a heavily competing industry and it's important to know our competitors. Who are they?

Advice and answer examples written specifically for an Insurance Sales Agent job interview.

3. Insurance is a heavily competing industry and it's important to know our competitors. Who are they?

How to Answer

You want to be specific here and ensure you know competitors within the industry. If you've worked in insurance sales for a while, you likely already know some of the big names such as Blue Cross Blue Shield or Cigna in health insurance, Geico or Statefarm for car insurance, or Allstate or Nationwide for homeowners insurance. If you're new to the industry, you'll want to do a quick search about companies within the industry to ensure you're knowledgeable about competitors. This question can be pretty straightforward when you answer, the key is to be specific and mention specific company names to show the interviewer you are knowledgeable about the industry. It is also a great opportunity for you to discuss what you think their company does better than their competitors.

Written by Emma Luttrell on December 3rd, 2021

Answer Example

"Having worked in the industry for several years, I know how competitive the industry can get. Some of the biggest competitors within heath insurance sales are BlueCross BlueShield, Cigna, Aetna, and Humana. What I think is great though is that your company has more focus on building those long-lasting relationships with clients. My understanding from research is that much of the training your company invests in isn't just about acquiring new clients but continuing relationships with existing ones, something I think makes you stand out from other companies."

Written by Emma Luttrell on December 3rd, 2021

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