An insurance broker gives expert advice on insurance products and arranges policies for clients. They represent the client, not the insurance company.
Brokers assess risks and research the market. They negotiate terms across multiple insurers to find the most suitable cover. They serve private clients, small businesses, and large commercial organisations.
The role demands a strong grasp of financial law, policy structures, and risk management. Brokers must hold or operate under an Australian Financial Services (AFS) Licence issued by ASIC. Continuing professional development (CPD) is a licence condition.
For those with a strong analytical mind and a client focus, insurance broking offers clear career growth. Specialising in commercial, marine, or professional indemnity cover can open doors to senior advisory roles.
Laura Atkinson is an Account Management and SEM specialist at Course Finder Group with six years' experience in the Australian education sector. She works day to day with universities, TAFEs and independent training providers, which gives her a close view of how courses map to real career outcomes. She writes practical guidance on career pathways, choosing the right qualification and what to expect when moving into a new field.