Insurance Agents represent insurance companies in selling insurance to clients.

Skill Level

3

Specialisations

• Insurance Underwriter
• Life Assurance Representative

Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.

Skills Assessment authority for Insurance Agent is Vocational Education and Training Assess (VETASSESS). To have a positive skills assessment, you must meet the following criteria:

• AQF Certificate IV Qualification in a highly relevant field of studyAND at least one year of post-qualification highly relevant employment at an appropriate skill level in the last five years; or
• AQF Certificate IV Qualification that is not a highly relevant field of study AND at least two years post-qualification highly relevant employment at an appropriate skill level in the last five years; or
• AQF Certificate III Qualification in a highly relevant field of study AND at leastthree yearsof post-qualification highly relevant employment at an appropriate skill level in the last five years.
• Highly relevant fields of study include Insurance, Business, Commerce and Management
• To achieve a positive skills assessment, the applicant must meet the qualification and employment experience requirements.

Important

According to VETASSESS, pre-qualification experience for Real Estate Representatives may be considered in a skills assessment if the experience meets the following requirements:

• Three years of relevant employment;
• One year of highly relevant employment performed at the required skill level; and
• The employment experience was gained in the last five years

Represent insurance companies in selling insurance to clients.

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

Skill Level

In Australia and New Zealand:

Most occupations in this unit group have a level of skill commensurate with the following qualifications and experience:

• Australia (ANZSCO Skill Level 3)
  • AQF Certificate III + 2 years on-the-job training; or
  • AQF Certificate IV
• New Zealand (ANZSCO Skill Level 2)
  • NZQF Diploma; or
  • At least three years of relevant experience

In some instances, relevant experience and/or on-the-job training may be required in addition to the formal qualification. This occupation requires registration or licensing.

Occupations in this Group

• 611211 Insurance Agent