How Much Does an Insurance Broker Make?

The insurance broker is the professional who is committed to offering the best service to the customer, meeting their needs and expectations, with regard to life, health, home and automobile insurance issues, among others, in addition to advising and providing the necessary technical support to customers.

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Responsibilities of an Insurance Broker

• Make insurance quotes;
• Support the client in filling out the insurance proposal forms;
• File the insurance proposal with the insurer;
• Check the insurance policy before it is signed by the customer;
• Advise the client for the duration of the insurance contract.

Possible areas of action of an insurance broker

• Own office
• As a freelance consultant
• insurance companies
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• insurance consulting companies
• Judicial companies (auctions)
  

  How much does an insurance broker earn?

  According to the job site Catho, insurance brokers in Brazil earn a salary of between R$1,300 and R$3,500, with an average national salary of R$2,227.

  This average varies according to several factors. Such as:

• Time experience;
• Qualification (updating courses, improvement etc.);
• Type of insurance you work with;
• Region of the country where it operates;
• Sales performance, which translates into commissions;
• Work regime (contracted employee, self-employed). Other positions related to insurance brokerage and their respective average salaries according to the website are:
• Insurance Analyst: BRL 2,167;
• Insurance Assistant: BRL 1,366;
• Insurance Technician: BRL 1,850;
• Insurance Consultant: BRL 1,363.

How much does a freelance insurance broker make?

As your form of service provision is for companies or people for a specific time, without bond employee, your remuneration will be proportional to your commitment and your ability to close new contracts. It can vary so much exceeding the ceiling that you would earn working with a formal contract as smaller. This is due to the fact that there is no guarantee or fixed remuneration.

To avoid fluctuations in your monthly income, it is important to create financial reserves and think of strategies to diversify sources of income.