Page 262 - JobsPlus - Occupational Handbook

Insurance Representative
Occupation Code: 3321
Alternative titles: Insurance Agent, Insurance Officer, Insurance Broker
Number of employees (2017)
269
Share of foreigners (2017)
10%
Job Outlook (2018 - 2022)
+23%
Median Pay (per annum)
€17,900
Job description and duties
Insurance Representatives arrange insurance cover (e.g. motor, travel, medical, property, etc.) for clients. An Insurance Representative is typically expected to:
• Gather information from the client to assess their risk and needs and liaise with the Insurance Underwriter to calculate coverage and premiums
• Explain to clients different types of insurance coverage and their policy terms, premiums and conditions
• Sell and renew insurance covers and collect premiums
• Suggest changes or additions to insurance policies held by clients
• Advise on and process claims made by clients (where applicable)
Work environment
Insurance Representatives work within insurance companies. The work is typically office-based and this role involves interacting with clients as well as administrative work.
Insurance Representatives typically work full- time, however overtime may be required in order to meet tight deadlines or during periods of exceptional activity. Part-time work may also be available.
Occupation data
Entry level education / special licences / warrants
To work as an Insurance Representative, a qualification at MQF Level 4 or higher is typically required. Training programmes may include:
• Advanced Diploma in Insurance (MCAST) (MQF Level 4)
• Bachelor of Commerce in Insurance (University of Malta) (MQF Level 6)
For further details on specific entry requirements, it is advisable to consult the respective educational institution’s website.
Qualifications awarded by foreign bodies need to be recognised or pegged with a particular MQF Level by the MQRIC office within NCFHE.
For related training offered by other educational institutions, it is advisable to consult the list of accredited courses on the NCFHE website.
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