Insurance Broker
Help clients to understand insurance and make informed choices.
Job opportunities
-
Jobs in SEEK right nowJob growth
-
5-year projectionSalary
-
Typical salaryJob satisfaction
-
Job opportunities
-
Jobs in SEEK right nowSalary
-
Typical salaryJob growth
-
5-year projectionJob satisfaction
-
On this page
- What's it like to be an Insurance Broker?
- How to become an Insurance Broker
- Latest Insurance Broker jobs
- Top skills and experience for Insurance Brokers
- Insurance Broker role reviews
What's it like to be an Insurance Broker?
Insurance Brokers provide advice about insurance products and arrange policies on behalf of customers. They service a list of clients and research, review and present insurance offerings to inform their client’s choice of insurer and policy. Insurance Brokers need to keep up to date with new and updated insurance products to ensure they provide clients with the latest information. They work for personal, commercial and corporate insurance broking companies.
Tasks and duties
- Creating lists of potential clients.
- Interviewing potential clients to explain insurance features and determine the appropriate type and amount of coverage.
- Negotiating policy premiums and conditions on behalf of clients.
- Advising clients on significant changes to current policies.
- Researching and reviewing insurance offerings from multiple providers and providing recommendations.
- Arranging insurance policies according to client instructions and preferences.
How to become an Insurance Broker
You need to complete vocational education and training (VET) qualifications to work as an Insurance Broker. The courses you undertake must be compliant with the Australian Securities and Investments Commission’s guidelines.
- Complete a Certificate III in Financial Services (FNS30120). This will prepare you for entry-level roles in the industry.
- Gain experience at an insurance broking business working under the supervision of a licensed insurance broker.
- Complete a Diploma of Insurance Broking (FNS51220). This will take around 12 months of full-time study.
- Apply to the Australian Securities and Investments Commission for your Australian Financial Services Licence (AFSL). Requirements for your licence may vary depending on the type of insurance you want to work with.
Compare your salary
Find out how your salary compares with the average salary for Insurance Brokers.Latest Insurance Broker jobs on SEEK
Be one of the first to discover these recently listed jobs, or browse all Insurance Broker jobs on SEEK right now.Did you find this helpful?
Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Insurance Broker employers on SEEK are looking for job seekers with expertise in the following areas. Insurance Broking
Insurance Products
General Insurance
Underwriting
Insurance Industry
Winbeat
Quotation
Rg146 Accreditation
Commercial Insurance
Relationship Management
Source: SEEK job ads and SEEK Profile data
Did you find this helpful?
Latest Insurance Broker reviews
May 2021
Being an insurance broker is tough but I wouldn't do anything else at this stage. My passion is to help make my customer have that peice of mind that they can truly trust us taking care of them and ensuring that their world is safe!
Reviewer's QualificationCertificate IV in Customer Service
Experience1 – 4 years
Organisation sizeLarge (200+ employees)
SpecialisationSales and services
The good thingsIf you are passionate about customer service it an exceptionally rewarding career. The customers are often friendly and will recognise you and how you have looked after them well to keep their world a...
The challengesYou face challenges everyday but it depends on how you approach these difficult situations. In most cases, customers need a better understanding of what we have to offer to protect what is valuable to...
Read more
May 2021
Broking provides many opportunities
Reviewer's QualificationCertificate II in Insurance Broking
Experience5 – 9 years
Organisation sizeSmall (1-19 employees)
SpecialisationCLIENT FACING MARKETING AND INSURANCE ADVICE AND PLACEMENT WITH INSURER
The good thingsDealing with the retail customers and providing a solution to their requirements to alleviate them them from part of their risk exposure.
Satisfaction of doing a deal which is mutually satisfactory an...
The challengeseducating the customer as to the value of the services you provide and getting the right product not just based on price but on coverage which fits their requirements best
Read more
Share insights on your current role.
Help people decide if your job is right for them - it only takes a few minutes.Source: SEEK role reviews
SEEK has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.SEEK collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through www.seek.com.au
