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Insurance Broker

Last modified: September 04, 2010, 08:46 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.

Environment & Culture

For the most part, insurance brokers follow a standard full time week. However, as many insurance brokers and agents earn their income on a partial or full commission basis, you will find yourself working evenings and weekends to fit around the busy lives of your clients.

The longer hours you work, the higher the pay. The job of an insurance broker requires responsibility and self-motivation, as your survival in the field rests solely on your shoulders. 

Leading Companies & Markets

Insurance brokers can find employment with private clients, or commercial businesses and organisations. You may decide to work within an insurance agency, however then your job will become that of an insurance agent, trying to sell the policies of your particular employer. Insurance brokers can work independently, or for insurance brokerage companies. Some of the better known insurance broking companies are; A on Australia, Jardine Lloyd Thompson Pty Ltd, OAMPS Insurance Brokers, Willis Australia Pty Ltd, Marsh Pty Ltd and MGA Insurance Brokers Pty Ltd.

Since most types of insurance are currently in demand, qualified insurance brokers and agents will find positive employment opportunities.

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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