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Insurance Broker

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.


Tasks Include:


  • 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
Job prospects for Financial Brokers in Victoria

Occupations in the Financial Brokers group include Commodities Trader, Finance Broker, Financial Brokers (other) and Insurance Broker.

Employment prospects
There are currently 5,300 Financial Brokers in Victoria. Over the next five years, the size of this occupation is expected to remain similar. Employment prospects for the next five years are stable.

Average weekly wage
$2,205.10

Hourly earnings
$58.50

For more information about this occupation at a national level visit the Job Outlook website. External link

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