Insurance brokers act as an intermediary between clients and insurance companies. Clients may be either individuals or commercial businesses and organisations. The role of the insurance broker emerged as the insurance industry became more complex and clients began to look for a source of professional insurance advice that wasn't tied to any particular insurance company.
Insurance brokers research and analyse the products from many different insurance companies in their mission to find the best cover and price for their client. Equipped with well-honed research skills and industry contacts, brokers search out policies not easily found by those outside the industry.
Retail insurance brokers usually arrange insurance policies for individuals or companies and deal directly with them. Policies range from motor, house, travel or pet cover for individuals or property to employer's liability and public and product liability insurance.
Commercial insurance brokers deal with high value and more complex insurance cover in areas such as marine, aviation, oil and gas and financial risks.
This area of work is open to all graduates, although a degree in the following subjects may increase your chances:
- Accounting or Finance
More information: SECOND YEAR INTERNSHIPS IN INSURANCE
More information: GRADUATE SCHEMES IN INSURANCE