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Insurance Broker.
Matches clients with the right insurance cover at the best price, acting as the link between client and insurer.
Apply to the Programme →About the Role
Insurance brokers act as intermediaries between insurance companies and prospective policyholders and assist by advising the policyholder on the most suitable product for their needs, helping to manage and mitigate potential risks and helping to put insurance cover in place.
Insurance brokers use their wider knowledge of the insurance markets and underwriters, and their expertise, to seek the best cover at the best price, matched to a client’s exact business profile.
An insurance broker will use their communication skills and liaise with a wide range of people, assimilating and communicating information that is often complex and technical. Insurance brokers understand their client’s risk profile, their appetite for risk, and their acceptable level of volatility, so that when a cost-effective solution isn’t available from the markets, the broker can help them manage the risk in other ways.
Insurance brokers in smaller organisations may carry out a broad range of functions, whereas those in larger firms may specialise in specific areas such as:
- Aviation and Aerospace
- Construction
- Energy
- Marine
- Environment
Routes to Becoming an Insurance Broker
Insurance qualifications are set by the Chartered Insurance Institute (CII), structured in levels:
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1
Level 3 Certificate in Insurance – entry-level qualification, often completed via the Level 3 Insurance Practitioner Apprenticeship (typical requirement: 5 GCSEs grade 4–9 including English and maths).
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2
Level 4 Diploma in Insurance – for specialising in a particular area, often via the Level 4 Insurance Professional Apprenticeship.
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3
Level 6 Advanced Diploma in Insurance – combined with CII membership and at least 5 years’ sector experience, leads to Chartered Insurance Practitioner status.
Good to know: A degree in any subject is also an accepted route, especially at larger firms, many of which run structured graduate schemes with CII study support built in. Employers often grant study time and support with tuition fees and materials.