What does an insurance broker do?
The role involves using knowledge of the insurance market to find the best level of insurance cover at the best price for customers. Insurance brokers work in retail insurance or commercial insurance. In retail insurance, they find general cover for individuals or companies in areas of insurance such as:
- pet or travel cover for individuals
- property damage
- business interruption for companies
In commercial insurance, they deal with more complex, high value requests in areas such as:
- oil and gas
What do I need to do to become an insurance broker?
You need to be a confident communicator and a good negotiator. If you enjoy working with figures, have good report writing skills and are interested in financial services, then this job could suit you well.
- GCSEs (A-C), including English and maths
- A levels
Where to find out more
Where could I be working?
You could work for companies ranging from small local brokers to large multinational companies. Wholesale brokers also work for reinsurance companies.