Insurance Broker

Insurance Brokers act as intermediaries between clients and insurance companies, helping clients find the best insurance policies to suit their needs. They assess clients’ requirements, provide expert advice, and negotiate policy terms with insurers to ensure clients receive optimal coverage at competitive prices.

Key Responsibilities

  • Client Consultation: Assess clients’ insurance needs and provide tailored advice.
  • Policy Sourcing: Research and recommend suitable insurance policies from various providers.
  • Negotiation: Negotiate terms and pricing with insurers on behalf of clients.
  • Claims Assistance: Support clients through the claims process to ensure fair settlements.

Important Skills and Competencies

Opportunities and Career Progression

Insurance Brokers can progress to roles such as Senior Broker, Account Manager, or Business Development Manager, with opportunities to specialise in specific types of insurance like commercial, life, or health.

Related skills

Communication

Communication skills involve interacting with other people in order to effectively convey information, ideas, and feedback both verbally and in… read more

Analytical skills

Analytical skills involve the ability to collect, interpret, and analyse data to solve problems, make decisions, and understand complex issues. read more

Market Insight

Market Insight is the ability to stay informed about financial markets, understanding core principles, trends, and investment tools. This skill… read more

Negotiating skills

Negotiating is the ability to communicate effectively and reach agreements that benefit all parties involved. read more

Numeracy

Numeracy is the ability to understand and work with numbers, including skills like basic arithmetic, data analysis, and statistical reasoning. read more

Initiative

Initiative is the readiness to take action and seize opportunities without being prompted. read more

Sense making

Sense making is the ability to interpret complex information and understand its deeper meaning. This skill is crucial in the… read more

Financial Expertise

This skill encompasses an in-depth understanding of financial markets, including their structure, instruments, and operations. It involves knowledge of equities,… read more

Related employers

Relevant specialisations

Postgraduate 


Course:

MSc Financial Engineering 


Study:

In-Person

Relevant course providers

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