Presented by Tim Wedlock, President, National Insurance Brokers Association

Rebecca Wilson, Vice Chairperson, National Insurance Brokers Association,

NSW Divisional Committee

WORKING IN

INSURANCE

CYBER VIDEO

OVERVIEW

• Insurance as a professional career

• What insurance is and how it helps to protect people,

businesses and the community

• The benefits of working in insurance

• Opportunities

• “Find a Fit” – Insurance is diverse

• What young people have to say

• Career & Education pathways

• School Career Expos

MOST THINGS IN LIFE NEED INSURANCE

• Insurance helps people, families, businesses,

communities & economies

• Different types of insurance – Identification of insurance

needs & risk management

• Insurance evolves around the world

• No limitations

IT’S A HUGE INDUSTRY

INSURANCE IS THE FOUNDATION THAT HELPS BUILD

THE WORLD AROUND US.

FIND A FITAs one of the biggest, most diverse industries in the world, insurance has more

roles than you’d imagine.

Claims Contact Centre

& Customer Service

Loss Adjusting Human

Resources

Actuarial Accounting &

Finance Legal &

Compliance

Risk Surveying Loss Adjusting Risk Management Accounting &

Finance Legal &

Compliance

Broking Business

Development Marketing &

Communications Human Resources

Broking Information

Technology Risk Management Risk Surveying Underwriting &

Pricing

Underwriting & Pricing

Executive Management

Product Development

Actuarial Marketing &

Communications

WHY WORK IN INSURANCE?

1. Global – opportunities to work

2. Diverse – hundreds of different jobs (it’s for everyone)

3. Critical – it helps the world to function

4. About people – helps people know what they need and

get back on their feet

5. Challenging – you get to solve problems

6. Earn money and get paid to learn

7. You get paid well

8. Young people love working in insurance - 86.7%

recommend it as a great place to work

WORKING IN INSURANCE

“It’s a great industry to be in if you like to get to know people. I do think because insurance is so broad,

there’s so many different areas within it, anyone with any skill set could actually find something they enjoy.”

- Shweta Nimkar joined JLT Qld as a graduate three and a half years ago

“So many of the people I work with, from all different levels of authority, are quite happy to sit down

and explain concepts to me.”

- Brittany Markey, a Steadfast graduate, follows in her family’s footsteps

“The most surprising thing for me was how much importance is placed on, not just technical

knowledge, but also the ability to form and maintain really strong relationships.”

- Alex Rivas joined Aon’s graduate program in Melbourne this year

“The perception of insurance broking being an unexciting career is a huge misconception.”

- Luke Costello joined JLT Adelaide as a graduate this year

YP VIDEO

CAREERS IN BROKING

INSURANCE BROKING CAREERS OFFER

1. Work variety

2. Networking with others for business and fun

3. Opportunities to study

4. Great pay

5. Opportunities within Australia and overseas

6. Quick progression – no age barrier

EDUCATIONAL PATHWAYS

Industry-specific education

• There is a range of qualifications that young professionals can obtain. Most

employers will pay for these once you have started your job.

Tertiary education – university

• Some universities incorporate insurance and risk management courses

within business qualifications

• University degrees also provide great knowledge and tactical skills that you

can apply when advising customers on insurance products and providing

advice

MOVING INTO BROKING FROM SCHOOL OR UNIVERSITY

MOVING INTO BROKING FROM SCHOOL OR UNIVERSITY

• Many varied entry-level roles available however few formal graduate

programs

• Diversity of opportunities for graduates in this fast-paced, constantly

changing and challenging sector

• Opportunities for new entrants to work closely with CEOs and other senior

decision makers than other area of the financial services industry

• Working hard in broking = significant financial rewards

• Supportive profession – mentor program

PROFESSIONAL EDUCATIONGraduates can enter the workforce from school or university – and learn while

they earn.

COMMUNITY OF SUPPORT

National Insurance Brokers Association (NIBA) provides:

• Opportunities to build professional networks that will last a lifetime – social

and professional events

• Scholarships and awards

• Ongoing learning opportunities to support your professional development

• Young professionals mentoring programs that provides new entrants with

the opportunity to be coached by senior executives in the industry.

FROM THE GROUND UP - VIDEO

www.careersininsurance.com.au