How to become an Insurance Broker
Provides advice on policies for life, fire, accident, health, industrial or other forms of insurance for a range of insurance companies.
Main tasks
- 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
Ways in
- University: Business & Commerce degrees, Offered by 39 universities in Australia
- TAFE and VET: Certificate IV in Insurance Broking (FNS41720); Diploma of Insurance Broking (FNS51220); Diploma of Finance and Mortgage Broking Management (FNS50322); Certificate IV in Financial Services (FNS41820); Certificate IV in General Insurance (FNS41422); Certificate IV in Life Insurance (FNS41521); Diploma of General Insurance (FNS51120); Diploma of Personal Injury and Disability Insurance Management (FNS51920)
- Licence or registration: Registration or licensing is required.
Pay · Outlook · AI and this job
- Typical full-time pay: $133,952 a year
- About 50,600 people work in this job group now, and about 57,000 are projected by 2035. (+12.6%)
- AI is likely to change parts of this job. Jobs and Skills Australia rates its automation exposure as medium.
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Questions people ask
How do I become an Insurance Broker?
Ways in include: Business & Commerce degrees; Certificate IV in Insurance Broking; Diploma of Insurance Broking.
How much does an Insurance Broker earn in Australia?
Median full-time pay is $133,952 a year (Jobs and Skills Australia).
Is an Insurance Broker a growing career in Australia?
Yes. Employment is projected to grow 13% by 2035, from about 50,600 to about 57,000 people (Jobs and Skills Australia).
Do you need a degree to become an Insurance Broker?
Not always. 30% of people in this job hold a bachelor's degree or higher. Ways in include: Business & Commerce degrees; Certificate IV in Insurance Broking; Diploma of Insurance Broking.
Will AI change the work of an Insurance Broker?
AI is likely to change parts of this job. Jobs and Skills Australia rates its automation exposure as medium.
Sources
- Jobs and Skills Australia: Occupation data (ANZSCO), from ABS Labour Force and Census (February 2026), CC BY 4.0, retrieved 2026-10-04
- Jobs and Skills Australia: Generative AI Capacity Study, interactive table data (September 2025), CC BY 4.0, retrieved 2026-10-04
- Jobs and Skills Australia: Employment Projections (Victoria University) (May 2025 to May 2035), CC BY 4.0, retrieved 2026-10-04
- Australian Taxation Office: Taxation Statistics, Individuals Table 15A (2023-24), CC BY 2.5 AU, retrieved 2026-10-04
Updated 2026-10-04