Insurance Underwriter

Accounting, Banking & Financial Services

ANZSCO ID 6112

Summary

Insurance Agents represent insurance companies in selling insurance to clients.

Employment Pathway

Formal qualifications are not essential to work as an Insurance Agent. Although some workers have a certificate III, IV or diploma in general insurance or personal injury management or a university degree in related areas such as business, management and commerce.

Top Skills Required

Reading Comprehension - Understanding the meaning of written sentences and paragraphs
Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times
Speaking - Talking to others to convey information effectively
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
Persuasion - Persuading others to change their minds or behavior

Key tasks

Interviewing clients to identify their insurance needs
Explaining to clients details of insurance and conditions, risk coverage, premiums and benefits
Assisting clients to determine the type and level of coverage required
Calculating premiums and establishing method of payment
Reviewing clients' circumstances to ensure that the level and coverage of insurance is still appropriate
Settling and monitoring insurance claims to ensure that both client and insurer are satisfied with the outcome
Recording information about clients and their policies
Identifying and drawing up lists of potential clients from a variety of sources and contacting them to arrange interviews
Keeping up-to-date with changes in the insurance industry and informing clients of new developments

Facts about this occupation

8.9% Growth

81% Full-time Share

$1,600 Avg Pay/Wk

13,400 Workers

37 years Avg Age

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