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Insurance Broker

Last modified: November 07, 2011, 01:26 PM
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This is an ideal career for analytical thinkers. An insurance broker is an independent professional who finds and secures insurance policies for clients, to prevent them having financial loss. You use your knowledge of risks and the insurance market to find the most appropriate insurance policy. Your clients may be individuals or commercial businesses and organisations. Insurance brokers are not tied to any one company, and so can offer clients the products from a range of insurers to guarantee the best policy for their particular situation.

Qualifications & leading Universities

As a pre-requisite to an undergraduate degree, you will need a Year 12 pass with English plus high achievement in mathematics. 

A degree is preferred but not absolutely necessary. Usually a Diploma or Associate Diploma in Financial Services or a related course with a major in Insurance Broking from an industry association or TAFE college will suffice. For this career, distance education is a real option. Specialist courses are available at The Australian and New Zealand Institute of Insurance and Finance and National Insurance Brokers Association of Australia.

Insurance brokers are responsible for providing advice about a client’s financial future so the insurance industry is regulated by the Australian Securities and Investments Commission (ASIC). You may need to be registered with ASIC.

If you prefer a degree your focus should be on commerce and maths subjects, so you will either need to complete a Bachelor of Business or a Bachelor of Commerce. This degree is usually three years full time and you will need and entry score of 85+ to secure a position in universities including University of  Melbourne, Australian National University, Monash University, University of Sydney, University of New South Wales, University of Technology, Sydney, and the University of Western Australia.   

The entry criteria for tertiary institiutions differs from year to year. The above comments are a guide only. To gain specific entry criteria either contact the relevant university or use Hobson's The Good University Guide.

 

 

Relevant Universities Colleges & TAFE

Careernav have trolled through all the universities, specialist colleges and TAFE’s across the nation to identify those courses we consider relevant to this career. We have only focussed on the core single degree and its full time period. We acknowledge many combination degrees are available and different students combine different degrees. Course names also differ by university and we have grouped like courses together. We may have missed the odd course being offered, so we recommend for a more detailed guide check with the universities direct or one of the university course guide books such as Hobson’s. Please note Careernav are totally impartial and do not recommend one tertiary institution over another. To view the A to Z of tertiary institutions that offer relevant courses for this career.

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Promoting Tertiary Institutions

All tertiary institutions have an open invitation to make available their course outline using the ‘For Institutions’ tab in the footer section of each page. From time to time universities, colleges or TAFE will take up Careernav’s offer to promote their courses and make available ‘Course Outline’ for your consideration. When an icon appears, consider its relevance and download the Course Outline on the one that interests you by clicking “I would like to learn more” at the end of the course profile.

Our Privacy Policy confirms your contact details including your email address will remain in the strictest of confidence. If you would like your email details provided to selected tertiary institutions to talk further about the course you need to click the checkbox. Only then will Careernav invite the tertiary institution to accept your email address and facilitate contact between you and them.

About the Author

The author of this occupation profile is a highly respected within industry but due to time commitments has a little more work to do to complete the profile. Please check back over the next two weeks 


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