Insurance Broker Career

Career Description

The job of an insurance broker is very challenging but lucrative. The main responsibility of an insurance broker is to search for new clients for insurance policies so that a large number of people can be catered to the insurance services and also the profitability of the insurance firm can be increased. The traits that employers look for in an insurance broker are good communication and presentation skills, good customer services skills and in-depth knowledge in the field of insurance.

How to become an Insurance Broker:

To become an insurance broker, candidates should have knowledge in insurance, finance, accounting, etc. Candidates who also have good mathematical and statistical skills will get an advantage over the others as insurance broking also involves calculating many probabilistic measures.

Insurance Broker career courses, training, programs:

There are many courses and programs being provided by various training coaching institutes that students can make use. Students should focus on getting trained in subjects like banking and insurance, general and life insurance, risk management, etc.

Insurance Broker career schools/colleges, education:

There are innumerable schools, colleges, and universities that students teach courses on insurance and related subjects. Some of the top universities are listed below that are well known for their education coursework and experienced faculty.

Top 5 colleges/universities:

Westwood College

Grand Canyon University

Keiser University

American Inter Continental University

Liberty University

Insurance Broker job opportunities, salaries, recruitment:

Candidates who are interested to become insurance brokers can find no dearth of opportunities if they possess the relevant education and experience. Candidates could look up for openings in the sectors such as insurance brokerage, insurance, commercial insurance, health insurance, risk management, etc. Employers look for candidates with at least 1-4 years of relevant work experience. According to the salary estimates of National Salary data and released by Pay Scale, the annual compensation of an insurance broker ranges between $31,000 and $121,000 with the median salary being around $76,000 approximately. The salaries are influenced to a great extent by the variable pay component in the compensation.

Category: Insurance Careers

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