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An Insurance Broker sources the most appropriate policies for clients from a wide range of different insurance companies.
The type of insurance policies the Broker deals in depends upon whether his clients are companies or individuals. For example, if the client base is mostly individuals, the policies will be mainly for car or home insurance, whereas if clients are companies, most policies will be employer or public liability related.
Whatever the type of policy, the Insurance Broker must use his experience of the market to source the most appropriate and competitively priced policy for his client.
A lot of employers will ask for a degree on entry and during their career will expect candidates to gain some sort of industry recognised qualification such as the Advanced Diploma in Insurance offered by the Chartered Insurance Institute (CII).
Recent salaries for roles advertised at time of writing (Nov 2009) include:
Are you an Insurance Broker? Would you like to contribute to our "Day in the Life of..." series? Email us at email@example.com for more details.
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