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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.

Typical Career Progression

  Position Remuneration Experience Education
Start Position        
1st Position        
2nd Position        
3rd Position        

*The above table is to be used as a guide only

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

Some large organisations offer broker traineeship programs and you can progress to be a retail client adviser. If you are qualified you may start off working in a team as a junior account executive. Your next step up the ladder would be a more senior position managing your own list of clients.

If you are a hard working, persuasive salesperson, representing a respected brand and product portfolio and possess a solid network and extensive database, you can make a high level of income as an independent insurance broker. The insurance industry primarily works on commission but you will find different products suit different economic conditions.

Typical Accountabilities & Responsibilities

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

Career Path Options

Insurance brokers are able to further their career by undertaking courses to improve their knowledge and skills. These courses may give you the necessary qualification to advance your position. You may become a manager, or choose to start your own brokerage or agency.

You may also decide to alter the direction of your career path. It is possible to specialise in a particular area of insurance, and deal solely in that area. You may choose to work exclusively in life insurance, health insurance, or even more specialised fields such as car insurance or home insurance.

Irrespective, the behavioural competencies required to succeed as an insurance broker are fully transferrable to a multitude of selling or communication based careers and across a variety of industries.

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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