Careers in Insurance Broking
Insurance broking is a growing profession offering exciting opportunities and a rewarding career in business consulting. It is a career backed by recognised qualifications and great prospects for the right people.
Insurance brokers are professional advisers who work on behalf of their clients not insurance companies. The job involves analysing ‘risks’ to help people decide what needs insuring and what can be managed in other ways. A main aspect of the broker’s role is to assist clients to manage their risks by arranging and putting in place insurance policies. The sophistication and complexity of insurance broking work varies, depending on the client base. Brokers provide ongoing support and service especially with insurance claims.
Insurance broking is a growth industry. Every day, more and more people are consulting brokers for personal service and specialised advice.
To become an insurance broker you have to complete a Diploma of Financial Services (Insurance Broking). In addition, several years of experience with an experienced broker is usually required before becoming an independent broker. Entry to the diploma courses usually requires employment with an insurance brokerage. Qualifications available through NIBA College range from Certificate II through to Graduate Diploma, costs and timeframes vary. Visit the NIBA College website for more information.