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Insurance Broker

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An Insurance Broker arranges insurance policies for clients, advising them on options and acting as a liaison with financial institutions.

  • This role has a low level of AI exposure. Core skills such as adaptability, social intelligence, and complex physical tasks remain beyond the capabilities of current AI.
AI exposure data adapted from Felten, Raj & Seamans (2021). Shortage data sourced from Jobs and Skills Australia (2024).

How do I become a insurance broker

Get qualified to work as a insurance broker with a course recognised across Australia. Speak to a training provider to learn more.

Common questions

In Australia, a full time Insurance Broker generally earns $1,500 per week ($78,000 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.

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The number of people working as an Insurance Broker has increased in recent years. There are currently 9,200 people employed in this role in Australia, compared to 8,800 five years ago. Insurance Brokers may find work across all regions of Australia, particularly larger towns and cities.

Source: Australian Government Labour Market Insights

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If you’re interested in a career as an Insurance Broker, consider enrolling in a Certificate IV in Finance and Mortgage Broking. You’ll learn to process applications on behalf of clients in a range of financial sectors. You could also consider a Certificate IV in Financial Services or a Diploma of Finance and Mortgage Broking Management.

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Further reading

How to become a Finance Broker in Australia

14th August 2019

What can you do with a Certificate IV in Finance and Mortgage Broking?

11th January 2022

Choosing a security licence course in Australia: A step-by-step guide for jobseekers

10th November 2023

Insurance Broker careers

An Insurance Broker arranges insurance policies for clients. You’ll discuss available policy options and assist clients to decide which type of insurance would best suit their needs. Insurance Brokers help clients with the application process and act as a liaison between clients and financial institutions such as banks or insurance companies. You may receive a commission for any insurance policies you arrange.

Insurance Brokers should have good customer service skills and be able to communicate well with a range of clients. You’ll need to understand insurance systems and procedures and be familiar with relevant legislation. Insurance Brokers need to have strong attention to detail and must be able to manage their time well.