Insurance Broker Apprenticeship

Introduction

We are looking for an ambitious and professional individual to join our team as an Insurance Broker Apprentice.

About the Employer

Working alongside experienced insurance professionals, you will develop the technical knowledge and commercial skills required to support clients, understand their insurance requirements, approach insurers and help arrange appropriate insurance solutions.

What You'll Do

This is an excellent opportunity for someone looking to build a long-term career within the insurance broking sector while completing the Level 4 Insurance Professional Apprenticeship and working towards a recognised professional insurance qualification.

Working alongside experienced insurance professionals, you will develop the technical knowledge and commercial skills required to support clients, understand their insurance requirements, approach insurers and help arrange appropriate insurance solutions.

As you progress through the apprenticeship, you will take on greater responsibility for managing client relationships and supporting the full broking lifecycle.

Key Responsibilities

· Support the management of new and existing client relationships.

· Build an understanding of clients businesses, activities and insurance requirements.

· Assist with obtaining and reviewing quotations from insurers.

· Communicate with insurers to negotiate terms, premiums and levels of cover.

· Support the preparation of insurance proposals, presentations and renewal documentation.

· Assist with new business, renewals and mid-term adjustments.

· Compare policy wordings, exclusions, limits and conditions to help identify suitable insurance solutions.

· Maintain regular communication with clients and provide a high standard of customer service.

· Develop strong working relationships with insurers, underwriters and other insurance professionals.

· Ensure client and policy information is accurately recorded on internal systems.

· Work in accordance with FCA requirements, company procedures and relevant insurance regulations.

· Identify opportunities to support the wider growth and retention of client accounts.

· Develop your technical knowledge of insurance products, risk and the wider insurance market.

The Apprenticeship

As part of the role, you will complete the Level 4 Insurance Professional Apprenticeship alongside your day-to-day employment.

The programme will help you develop advanced knowledge and skills across areas including:

· Insurance principles and practice

· Insurance broking

· Risk assessment and management

· Insurance products and markets

· Regulatory and compliance requirements

· Client relationship management

· Negotiation and commercial awareness

· Professional communication

· Claims and underwriting principles

· Ethical and professional standards

You will also work towards an industry-recognised professional insurance qualification as part of your apprenticeship programme.

You will receive dedicated time during your working hours to complete apprenticeship training, workshops, assessments and professional development activities.

Training Outcome

Insurance Level 4

Skills Required

• Initiative
• Logical
• Analytical skills
• Number skills
• Customer care skills
• Organisation skills
• Attention to detail

Qualifications

• Essential - GCSE - Maths - 4-9
• Essential - GCSE - English - 4-9

Course Information

Course: Insurance professional (level 4)

Level: 4

Route: Legal, finance and accounting

Apprenticeship Level: Higher

Working Arrangements

Working Week: Mon - Fri

Expected Duration: 1 Year 6 Months

Training Provider: METAGEDU APPRENTICESHIPS LTD