I would like to express my sincere gratitude to Mrs Peplinska for her cooperation, helpfulness and competence in assisting me in my job search. I thank her for her professional and respectful approach to business. It was a pleasure to deal with her and I wish her all the best in future.
Insurance Broker Jobs
Insurance Brokers are to help individual consumers and commercial companies to find and arrange insurance cover. Representing the customer's interests, they analyse each risk, then approach different insurance companies to negotiate the terms and premiums for coverage.
Insurance Brokers may be able to provide an instant quotation, but for more complex cases they may need to visit customers to find out about what they need, explain about what they can do to reduce the risks (eg an alarm system), prepare detailed documents for insurance underwriters.
Insurance Brokers working in larger companies tend to specialise in a particular sector or product area. They typically work office hours, Monday to Friday, although some brokers open on Saturdays. Although office-based, the job can involve frequent travel to visit clients.
Duties of a Insurance Broker
- Respond quickly and effectively to client requests relating to their insurance policies.
- To arrange insurance cover as agreed with clients both over the phone and face to face in branch.
- To develop a positive relationship with the client and show them where they can obtain better value on other insurances they hold.
- To build relationships with insurers which will help the client place more business.
- To follow Branch procedures to protect the client, us and the insurer.
- To work together with your colleagues to achieve branch targets and help the client grow.
- To work with underwriters to negotiate a personal quotation for your client based on their individual requirements.
- To take responsibility for your personal development in terms of understanding the policies, procedures, the legal and regulatory framework and to share this knowledge with your colleagues.
- To ensure you act in accordance with current regulatory procedures.
Insurance Brokers require excellent communicators, good negotiation, honesty, putting their client's interests first, be computer-literate and good with numbers and
interested in networking and building up contacts.
More than 100,000 people work as Insurance Brokers. Although many of the brokerage firms have a London base, there are also many regional branches as well as smaller brokers in major towns and cities.
There are no formal entry requirements for Insurance Broking, although the larger companies normally require a degree for their training schemes. Typically, employers are more interested in someone's selling skills and ability to mix with people, communicate effectively and inspire trust. Many people transfer to this work as adults, after working in insurance or financial services.
Training is usually a combination of practical experience and study for formal qualifications. Insurance Brokers can require study for professional qualifications and reach Chartered Insurance Broker status within five years.
Prospects for promotion are good for certified Insurance Brokers. They may take higher-level professional qualifications, or specialise in an area of insurance such as construction or commercial property. It is also possible to progress to a managerial position.
Insurance Broker salaries average at £28,800 and vary on if you are a student, trainee or experienced.
Contact the Insurance Division Team
Email the Insurance Division at email@example.com.
Candidates can submit a CV online using our Register online service.
Insurance Jobs by Email
If you would like to receive notification of new insurance job opportunities by email please subscribe to the insurance mailing list.
We don't have any jobs advertised for this job title at the moment.