INSURANCE AGENT

ANZSCO 611211 - Registered Migration Australia

Description

An insurance agent represents insurance companies in selling insurance to clients. Registration or licensing is required. In Australia an insurance agent is a Skill Level 3 occupation.

 

 

 

Specialisations

 

• Insurance Underwriter
• Life Assurance Representative

 

 

Insurance Agent Occupation Lists
This occupation is on the following skill list:

 

• Combined Skilled Occupations List (STSOL MLTSSL)
• Labour Market Testing Required for 457 List (LMTL)
• RSMS Occupations List (RSMSL)
• Short-Term Skilled Occupation List (STSOL)

 

This occupation is not on the following skills list:

 

• Medium Long Term Strategic Skills List (MLTSSL)

 

 

 

Group: 6112 Insurance Agents

 

 

 

 

Job Description - Registered Migration Australia

 

The job of an insurance agent in Australia is to 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

Most occupations in the insurance agent unit group (Group 6112) have a level of skill commensurate with the qualifications and experience outlined below. 

In Australia: 
AQF Certificate III including at least two years of on-the-job training, or AQF Certificate IV (ANZSCO Skill Level 3) 

In New Zealand: 
NZ Register Level 4 qualification (ANZSCO Skill Level 3) 

At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification. 

 

Registration or licensing is required in Australia as an insurance agent.

 

Occupations within the Insurance Agent Group

 

• 611211 Insurance Agent

 

English Requirement

 

• IELTS result with a minimum score of 6 (L, R, W), 7 in speaking and 7 overall;
• OET result with a minimum grade B in all sections;
• TOEFL iBT with a minimum score (L:12 R:13 W:21 S:23 overall L93);
• PTE Academic with a minimum score of 50 (L, R, W), 65 in speaking and 65 overall

Exceptions

• Australian Graduate exceptions apply in some states/territories
• Priority Skilled Lists may apply a specific requirement in some states/territories
• Countries exempt from submitting IELTS or OET include the UK; Canada; New Zealand; US; and Ireland

 

Where mandatory licensing or registration is required you must demonstrate a level of English either sufficient to meet licensing / registration or a minimum IELTS, or equivalent, whichever is higher.

 

• Information regarding the International English Testing System (IELTS)

 

Assessment Authority

 

• Insurance Agent is currently assessed with VETASSESS (Vocational Education and Training Assessment Services) more info regarding assessment bodies

 

Average Income

The average salary for an Insurance Agent in Australia is $ 93,846 for male employees and $ 62,921 for female employees per year. Average Age: Males: 37.6 Females: 36.3 Persons: 36.9

Source: www.abs.gov.au (Group 6112) Insurance agents - Employee Earnings and Hours, Australia, May 2016

 

 

 

Please contact us if you would like assistance with your Insurance Agent visa application.