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An Insurance Broker arranges insurance policies for clients. You’ll discuss available policy options and assist clients to decide which type of insurance would best suit their needs. Insurance Brokers help clients with the application process and act as a liaison between clients and financial institutions such as banks or insurance companies. You may receive a commission for any insurance policies you arrange.
Insurance Brokers should have good customer service skills and be able to communicate well with a range of clients. You’ll need to understand insurance systems and procedures and be familiar with relevant legislation. Insurance Brokers need to have strong attention to detail and must be able to manage their time well.
There are 9 courses available for people who want to become an Insurance Broker. These are the top 5 most popular courses.
Possible job outcomes:
The FNS41820 Certificate IV in Financial Services is a pathway into the financial services industry and delivers a wide range of business, banking, and client service skills. The course begins with work conduct standards and professional practices of the financial services industry, you’ll then choose elective units and specialisation areas according to your actual job role or career aspirations. Choose from: administration, teamwork, leadership, client service, mortgage lending, working in a business transaction centres, mobile banking services, and much more. Enquire now for the full list of study units, elective availabilities, and upcoming enrolment dates. PLEASE NOTE: always ask your Registered Training Organisation before enrolment if you require approved financial services licencing courses..
Average duration: 12 months.
Launch your career in financial services and insurance with the FNS41422 Certificate IV in General Insurance. This nationally recognised certificate will increase your knowledge of insurance products and services, and develop your skills in claims processing, risk exposure assessment, dispute resolution, client relationships, customer service, and underwriting. The course also includes the ASIC Tier 2 general insurance units. Enquire now for the full list of entry requirements, AFS licensing subject selection, and upcoming enrolment opportunities near you. PLEASE NOTE: students who are seeking an AFS licence with the Australian Securities & Investments Commission should contact the training provider before enrolment. .
Advance your career in the Australian insurance industry with the FNS51120 Diploma of General Insurance. This nationally recognised diploma begins with the professional practices required in the financial services industry, and develops your knowledge of general insurance products and services. You’ll then gain specialists skills in claims management, underwriting, client relationships, risk management, leadership, and business administration. Depending on your course provider, this course may contain ASIC Tier 1 Compliance modules. Enquire now for entry requirements, a full list of study units, and upcoming course dates: PLEASE NOTE: always check with your course provider before enrolling if you need to complete ASIC Compliance modules. .
Average duration: 18 months.
Become a professional mortgage broker with the FNS40821 Certificate IV in Finance and Mortgage Broking. This nationally recognised qualification meets the ASIC licensing requirements for mortgage brokers and will teach you how to identify your client’s needs and present them with range of broking options. The course also covers: professional practice and financial services code of conduct, preparing loan applications, developing knowledge of financial products and services, building client relationships, and more. Enquire now for entry requirements, ASIC licensing outcomes, and upcoming enrolment dates near you. PLEASE NOTE: if you are wanting to become a licensed mortgage broker check with your course provider before enrolment to ensure you have selected the correct elective units..
Average duration: 6 months.
Launch your career as a finance professional with the FNS50322 Diploma of Finance and Mortgage Broking Management. This nationally recognised diploma qualifies you for work as a mortgage broker, insurance broker, and relationship manager in the financial services industry. The course covers: identifying client needs, presenting credit options, understanding special financial circumstances, preparing loan applications, complying with legislation and industry codes of practice. Enquire now for the full list of entry requirements, finance broking career outcomes, and upcoming enrolment opportunities near you. IMPORTANT: if you require an ASIC accreditation, please contact the training provider before enrolling to ensure you select the correct elective units..
In Australia, a full time Insurance Broker generally earns $1,350 per week ($70,200 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.
The number of people working as an Insurance Broker has increased in recent years. There are currently 9,200 people employed in this role in Australia, compared to 8,800 five years ago. Insurance Brokers may find work across all regions of Australia, particularly larger towns and cities.
Source: Australian Government Labour Market Insights
If you’re interested in a career as an Insurance Broker, consider enrolling in a Certificate IV in Finance and Mortgage Broking. You’ll learn to process applications on behalf of clients in a range of financial sectors. You could also consider a Certificate IV in Financial Services or a Diploma of Finance and Mortgage Broking Management.
We’ll find nearby campuses and check if you’re eligible for funding in your state.
Here are some potential career pathways within insurance services. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Insurance Services
Assistant Broker
$960 weekly pay
Assistant Underwriter
Claims Officer
$1,050 weekly pay
Actuarial Analyst
$1,250 weekly pay
Claims Consultant
$1,150 weekly pay
Claims Specialist
Insurance Analyst
Insurance Broker
$1,350 weekly pay
Insurance Claims Assessor
$1,540 weekly pay
Insurance Consultant
Insurance Specialist
Insurance Underwriter
Actuarial Consultant
$1,500 weekly pay
Risk Advisor
Risk Analyst
$1,920 weekly pay
Learn more about Insurance Broker courses in your area.