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Insurance broker

Alternative titles for this job include Insurance agent

Insurance brokers use their knowledge of the insurance market to help find the right cover, at the best price, for their customers.

Average salary (a year)

£20,000 Starter

to

£65,000 Experienced

Typical hours (a week)

41 to 43 a week

You could work

weekends

How to become

Explore the different ways to get into this role.

How to become Insurance broker

You can get into this job through:

  • a university course
  • an apprenticeship
  • working towards the role
  • a graduate training scheme

University

You could take a degree before applying for a place on an insurance company's training scheme. Relevant degrees include:

  • business studies
  • finance
  • surveying
  • engineering

It will help to get some relevant work experience whilst you're studying, for example through an internship.

Entry requirements

You'll usually need:

  • 2 to 3 A levels, or equivalent, for a degree

More Information

Apprenticeship

You could get into this this job through an insurance professional higher apprenticeship.

This typically takes about 24 months to complete with a mix of workplace learning and study.

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a higher or degree apprenticeship

More Information

Work

Employers often prefer to take on trainees with a minimum of GCSEs at grades 9 to 4 (A* to C), including English and maths, and A levels. IT skills are also important.

You would usually start in one of the following jobs:

  • insurance technician
  • junior account handler
  • trainee broker

You could work your way up to broker as you get experience and insurance industry qualifications, for example, through the Chartered Insurance Institute (CII).

The CII qualifications offer study units relevant to the insurance areas you specialise in, for example marine, commercial or general insurance. Examples of qualifications include:

  • CII Level 3 Certificate in Insurance - for trainee brokers
  • CII Diploma in Insurance
  • CII Advanced Diploma in Insurance

Other Routes

If you have a degree, you could join a large insurance broking firm's graduate training scheme.

Most degree subjects are accepted, but a business or maths degree may give you an advantage, as there is often a lot of competition for places.

More Information

Career tips

You'll find it useful to have experience in office work, sales or financial customer service.

Professional and industry bodies

You could join the Chartered Insurance Institute for professional development and training opportunities.

Further information

You can find out more about working in insurance from the Chartered Insurance Institute and Step Forward.

What it takes

Find out what skills you’ll use in this role.

What it takes

Skills and knowledge

You'll need:

  • customer service skills
  • the ability to sell products and services
  • to be thorough and pay attention to detail
  • the ability to use your initiative
  • persistence and determination
  • patience and the ability to remain calm in stressful situations
  • excellent verbal communication skills
  • maths knowledge
  • to be able to use a computer and the main software packages confidently

What you’ll do

Discover the day to day tasks you’ll do in this role.

What you'll do

Day-to-day tasks

In your day-to-day duties you could:

  • gather information from clients to assess their insurance needs and risk
  • research insurance policies
  • arrange insurance cover for clients
  • negotiate the best policy terms with insurers
  • renew or change existing policies
  • make sure all business and paperwork meets legal requirements
  • advise customers who are making a claim
  • use IT systems to keep records and prepare documents
  • prepare case reports for insurance underwriters and surveyors

Working environment

You could work in an office.

Career path and progression

Look at progression in this role and similar opportunities.

Career path and progression

With experience, you could move into account handling, claims broking or a business development role.

You could specialise in an area of insurance, progress into management, or move into other types of insurance work, like loss adjusting, underwriting or compliance.

Current opportunities

Find apprenticeships, courses and jobs available near you.

Current opportunities

Apprenticeships In England

Underwriting UK Graduate Apprenticeship Programme

  • Wage: £33,000 a year Annually
  • Location: 2 Cornwall Street, Birmingham

Courses In England

Are you interested in becoming an Insurance broker?

Search for training courses near you.

Jobs In the United Kingdom

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