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Professional Young Insurance Brokers

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What Is an Insurance Broker?

Insurance brokers are professionals who simplify the insurance process by sharing their expertise with clients. They’re experts who often represent several insurance companies and negotiate the best possible choice of coverage and price for their clients.

Types of Insurance Brokers

Insurance brokers are independent business people who help individuals, families, and businesses select the insurance coverage that is right for them. The broker manages all aspects of the insurance transaction: advising the client, arranging and invoicing the policy, and facilitating claims.

Depending on the brokerage or the position, brokers may work in a specific area of insurance (such as home, auto, commercial, farm, life, accident & sickness, travel, or specialty lines) or may work with many types of insurance. Those new to the industry usually start in personal lines (insurance for private individuals).

Again, depending on the brokerage's requirements, brokers may also hold different positions (e.g., customer-service representatives/CSRs, producers who generate new sales, account executives, etc.), or may represent all these positions at the same time. Many brokerages will advertise for a particular type of broker licence (levels 1, 2, or 3) that testify to the broker's expertise and provide the government's authority.

Insurance Brokers Have Flexibility and Job Security

The work is interesting and diverse. It pays well and offers great job security and opportunity for growth and advancement. The hours are flexible—you can work full-time or part-time, fitting your career around your schedule. You can own a brokerage or work for one.

The First Step To Becoming an Insurance Broker in Alberta

To become an insurance broker in Alberta, you’re required to pass a licensing exam. IBAA offers a variety of study options and preparation, from a one-week immersion course to self-study. Some post-secondary institutions in Alberta also offer degrees and diplomas in business, majoring in insurance.
more IBAA Courses and Events

Diversity & Culture in the Workplace

2017-10-02 » 2017-10-06
Licensing Level 1 Immersion - Edmonton

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