One of the tenets of insurance is precaution, so if you’re considering a career in insurance, it’s a good idea to get as much information on the types of insurance jobs available as possible, as well as the qualifications you need to succeed in the industry, before you commit yourself to any long-term plans. There are a range of insurance-related jobs out there of varying complexity.
The jobs cater to various skill sets, so if you’re a people-person and are naturally friendly and outgoing, you might consider something in sales. But if you prefer spending your days with your nose buried in data then becoming an actuary might be up your alley.
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Insurance Careers Available
No matter what area of insurance you’re interested in, there’s a career for you. With plenty of specialisations available to choose from, let’s take a look at some of the most popular insurance jobs in Australia.
Insurance brokers are the middle-men than many direct insurance companies keep trying to cut out, but they serve a very important intermediary role between policy holders and insurance companies. For example, they are usually more readily available in an emergency than your insurance company and can help speed up emergency arrangements. They also review policies and insurance developments so they can give current advice to their clients. And, because they often act independently, they can get their clients the best deal without being bound to a particular insurance company or product.
$50,000 – $75,000
Average salary range for insurance brokers
The salary range for insurance brokers is wide. PayScale puts salaries at between $50,500 and $75,200. Your end of the scale will depend on whether you’re in an entry level or junior position or whether your experience in the insurance industry gives you all the privileges associated with senior rank. Salary also depends on your qualifications. For example, if you’re still studying part-time or only have a diploma in insurance than you can’t expect to land high-paying jobs. Graduates with bachelor’s or master’s insurance degrees, however, can expect their careers to soar.
Actuaries play a very important role in insurance; they evaluate financial risks and provide advice on minimising said risks and maximising returns. Their complex jobs require a thorough understanding of statistics, probability theory and mathematics, so it’s not for the faint-hearted. Insurance actuaries work with statistics and data that help determine the risk of insuring a specific person based on their profile – how likely they are to be involved in a traffic collision, whether their lifestyles place them at greater risk of injury and whether the location of their house makes them vulnerable to break-ins.
$75,000 – $150,000
Average salary range for actuaries
Actuaries are well rewarded for all their hard work (and hard study). PayScale says that insurance actuaries in Australia earn between $75,200 and $157,700, and they can earn up to $200,000. Even entry level jobs for insurance actuaries are higher than senior positions in other careers. Salaries also depend on where actuaries work. For example, consultants tend to earn more money than insurance actuaries employed by one firm, but they also tend to work longer hours.
Claims adjustors are the people who assess the circumstances around insurance claims and decide whether and how much claimants are to be paid out. They’ll assess the damage to a car, the extent of injury, and the security at a house to see if all the policy requirements have been met and to see if the insurance company is bound to honour the claim. They interview all relevant parties, including doctors, police officers and witnesses to determine the veracity of claims.They can work specifically for insurance companies but they can also work for themselves on a consultant or contract basis – which, arguably, makes them more objective.
$70,000 – $97,000
Average salary range for claims adjustors
This is a small sample of the myriad insurance jobs available in Australia. You’ll find online, part-time and full-time insurance courses and degrees right across the country, from Sydney (NSW) and Melbourne (VIC) to Canberra (ACT) and Perth (WA). Search our site to find insurance courses that match your career goals.
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Diploma of Sustainable Operations MSS50116
The Diploma of Sustainable Operations aims to introduce students to organisations and communities willing to undertake holistic efforts to reduce environmentally harmful methods and introduce clean technologies that support ecology. The Diploma of Sust...
- External Consultant
- Sustainable Operations Manager
- Business owner
- Council officer in Environmental department
Certificate III in Individual Support (Ageing) (VIC ONLY) CHC33015
We offer this course with the one specialisation, being ageing. The Certificate III in Individual Support reflects the role of workers in the community and/or residential setting who follow an individualised plan to provide person-centred support to pe...
Certificate III in EAL (Access) (VIC ONLY) 22253VIC
Are you from a non-English speaking background and would like to improve your written and spoken English skills? Perhaps you would like to undertake further study or improve your employment opportunities? Our English as an Additional Language (EAL) cou...
Bachelor of Health Science (Fitness)
The Bachelor of Health Science (Fitness) provides students with the foundational health and bioscience subjects with an accompanying fitness major. The degree covers the components of health as well as foundational sciences relevant to the human body....
- Fitness Leaders for diverse populations (cardiac rehabilitation, exercise for the elderly)
- Personal Trainer
- Gym and Facility Manager
- Group Exercise Instructor
Certificate III in Patisserie (VIC ONLY) SIT31016
Mornings in the kitchen baking warm, flaky croissants, afternoons creating the perfect sweet and salty pastries, and evenings carefully decorating a wedding cake for the next day event. If the delectable aromas and breathtaking sights of specialty baki...
- Pastry Chef
Online courses also available
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