Becoming an Insurance Broker
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Becoming an Insurance Broker

Help & advice

Operates as an independent agent to sell life, fire, accident, industrial or other forms of insurance for a range of insurance companies. Registration or licensing may be required.
Training time 9 months
Avg. weekly wage $1,780
Employment prospects Strong
Employment size 3,300

What does an Insurance Broker do?

  • monitoring commodity prices, trends and other factors affecting the supply and demand for commodities
  • negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
  • determining the specific financial and insurance requirements of clients, and researching and reviewing available finance and insurance products for suitability to meet clients' requirements
  • analysing clients' financial status, discussing financial options and developing financial strategies
  • recommending loan combinations that meet clients' needs
  • interviewing prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and to make recommendations on the amount and type of cover
  • arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
  • preparing documents which set out the conditions of finance, repayments and loan periods
  • identifying and advising on significant risk changes to clients' insurance

Related courses

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