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Graduate Insurance Broker Jobs

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Insurance Broker Apprentice/Graduate Scheme

Brown & Brown

Branksome

Competitive

Added 4 days ago

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Helping you find a career in the insurance broker industry

Insurance brokers are responsible for classifying and systematising appropriate insurance cover for commercial organisations and private clients.

N Written by Navdeep

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FAQs

FAQs

What does an Insurance broker do?

Building and maintaining business relationships with clients
Organising and attending meetings
Discussing and assessing the insurance needs or clients
Researching insurance policies, procedures and products
Negotiating policy terms and costs with insurance providers
Organising insurance cover for clients with insurance providers
Collecting and documenting insurance premiums
Keeping detailed and up-to-date computer records
Preparing reports for insurance underwriters
Advising clients on their claims and the insurance policies
Renewing and/or amending existing policies for clients when necessary
General administrative duties

What skills and interests should an Insurance broker have?

Confident negotiation skills
Be reliable and honest
Excellent time management
Great decision-making skills
Great at analytical skills
Accuracy and attention to detail
Interpersonal skills
Excellent verbal and written communication skills

What hours does an Insurance broker typically do?

You'll typically work the usual office hours, which are 9am-5pm, although occasionally you may have to work some evenings or weekends to meet with clients.

What environment is an Insurance broker based in?

You will mostly be based in an office.

How much does an Insurance broker travel?

Travel will be necessary to meet with clients at their place of business.

How much does an Insurance broker get paid?

Salaries for trainee brokers can range from £16,000-£22,000. If you are fortunate enough to get onto a graduate scheme, your salary may be around £22,000 to £26,000.

As a fully qualified broker you can earn around £20,000 to £30,000.

Senior brokers can earn in the region of £30,000 to £45,000 with salaries rising in excess of £80,000 for those handling a lot of responsibility and more high-value risks.

Perks & benefits

Some brokers receive:

Performance-related pay or bonuses A company car Pension scheme Private medical insurance

What qualifications does an Insurance broker need?

The minimum requirement for this role is a degree with at least a 2:1.

Useful subjects to study at school & university

Finance Business Management Economics Mathematics