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Explore all careersAn Insurance Consultant helps clients manage insurance policies, process applications and claims, and find suitable coverage options.
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In Australia, a full time Insurance Consultant 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.
The number of people employed as an Insurance Consultant has decreased in recent years. There are currently 23,800 people working in this role in Australia, compared to 26,000 five years ago. Insurance Consultants may find work across all regions of Australia, particularly larger towns and cities.
Source: Australian Government Labour Market Insights
A Certificate IV in Finance and Mortgage Broking is a suitable qualification if you’re planning to work as an Insurance Consultant. You could also consider a Certificate IV in Financial Services or a Diploma of Finance and Mortgage Broking Management.
An Insurance Consultant works with clients to manage their insurance policies for home, vehicle, income or life insurance. You might process insurance applications, manage current policies or process insurance claims. Insurance Consultants often work in call centres but you might also work in a retail outlet or for a financial institution. You might discuss available policy options with clients and help them find the best policy for their needs.
Insurance Consultants should have a strong understanding of the insurance industry and relevant legislation and procedures. You’ll need to have good customer service skills and be able to communicate with people from a range of backgrounds. Attention to detail is important and you’ll need to be able to complete various administrative tasks.