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531334 · OSCA 2024

Insurance Broker

Classification
Occupation
Skill level
2

Classification

Description

Provides advice on policies for life, fire, accident, health, industrial or other forms of insurance for a range of insurance companies.

Unit group

5313 · Financial and Insurance Brokers

Description

Operate as intermediaries to facilitate the sale and purchase of commodities and businesses, and arrange insurance and loans of money on behalf of clients.

Skill level

Occupation skill level 2

Australia

2; 3

Tasks

Tasks include

  • Interviews prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and makes recommendations on the amount and type of cover
  • Determines the specific insurance requirements of clients, and researches and reviews available insurance products for suitability to meet clients' requirements
  • Arranges insurance for clients through insurance companies
  • Identifies and advises on significant risk changes to clients' insurance

Occupations in this unit group

Sources