OSCA 531334

Insurance Broker

Overview

  • Employed persons

    11,300

  • Employment status

    84.7% Full time

    15.3% Part time

  • Median age

    42 years

  • Employment by sex

    47.5% Female

    52.5% Male

    Gender balanced

  • Indigenous employment share

    0.9%

  • Main employing industry

    Financial and Insurance Services

Indicator Insurance Broker Total employment
Employed persons 11,300 12,049,400
Median age 42 years 40 years
Full-time share 84.7% 64.2%
Part-time share 15.3% 35.8%
Female employment share 47.5% 48.5%
Male employment share 52.5% 51.5%
Gender segregation intensity scale Gender balanced Gender balanced
Indigenous employment share 0.9% 2.2%
Main employing industry Financial and Insurance Services Health Care and Social Assistance
Note: N/A values indicate data are not available due to confidentiality or data reliability requirements.

Occupation overview

Insurance Brokers provide advice on policies for life, fire, accident, health, industrial or other forms of insurance for a range of insurance companies.

What the occupation involves

  • Interviews prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and makes recommendations on the amount and type of cover
  • Determines the specific insurance requirements of clients, and researches and reviews available insurance products for suitability to meet clients' requirements
  • Arranges insurance for clients through insurance companies
  • Identifies and advises on significant risk changes to clients' insurance

Common occupation titles

No alternative occupation titles are listed for this occupation.

Specialisations

No specialisations are listed for this occupation.

Skill level (education and experience level)

Skill level 2
equivalent to a Diploma or Advanced Diploma level qualification.

Note: While skill levels are described using formal education levels, some people use a combination of informal learning, on-the-job training and personal experience to achieve an equivalent level.

Licensing or registration requirements

Registration or licensing is required.

OSCA structure

Employment

On this page

    Industries

    Top 10 most common industries, 2021

    Insurance Broker Total employment
    Industry Share of occupation Industry Share of occupation
    Financial and Insurance Services 92.4% Health Care and Social Assistance 14.5%
    Construction 3.4% Retail Trade 9.1%
    Professional, Scientific and Technical Services 0.9% Construction 8.9%
    Wholesale Trade 0.6% Education and Training 8.8%
    Health Care and Social Assistance 0.3% Professional, Scientific and Technical Services 7.8%
    Manufacturing 0.3% Public Administration and Safety 6.6%
    Other Services 0.3% Accommodation and Food Services 6.5%
    Public Administration and Safety 0.3% Manufacturing 5.9%
    Rental, Hiring and Real Estate Services 0.3% Transport, Postal and Warehousing 4.5%
    Transport, Postal and Warehousing 0.3% Financial and Insurance Services 3.7%
    Note: N/A values indicate data are not available due to confidentiality or data reliability requirements.

    States and territories

    Employment distribution by states and territories, 2021

    • New South Wales

      33.7%

    • Victoria

      27.6%

    • Queensland

      18.2%

    • South Australia

      6.5%

    • Tasmania

      1.7%

    • Northern Territory

      0.8%

    • Australian Capital Territory

      0.9%

    Insurance Broker Total employment
    State / Territory Employment Share of occupation Employment Share of occupation
    New South Wales 3,800 33.7% 3,684,200 30.6%
    Victoria 3,100 27.6% 3,162,900 26.2%
    Queensland 2,100 18.2% 2,444,100 20.3%
    South Australia 740 6.5% 839,400 7.0%
    Western Australia 1,200 10.6% 1,306,200 10.8%
    Tasmania 190 1.7% 254,700 2.1%
    Northern Territory 90 0.8% 107,000 0.9%
    Australian Capital Territory 110 0.9% 248,600 2.1%
    Note: N/A values indicate data are not available due to confidentiality or data reliability requirements.

    Age and sex

    Employment distibution by age group and sex, 2021

    Insurance Broker

    Total employment

    Age group Insurance Broker Total employment
    15–24 years 4.4% 14.3%
    25–34 years 22.1% 22.7%
    35–44 years 29.1% 22.3%
    45–54 years 24.1% 20.4%
    55–64 years 14.7% 15.3%
    65–74 years 4.9% 4.3%
    75 years and over 0.7% 0.6%
    Note: N/A values indicate data are not available due to confidentiality or data reliability requirements.
    Sex Insurance Broker Total employment
    Female 47.5% 48.5%
    Male 52.5% 51.5%
    Note: N/A values indicate data are not available due to confidentiality or data reliability requirements.

    On this page

      OSCA occupation profiles data

      This file contains data available from the OSCA Occupation Profile page.

      Use of this data must include the relevant attribution text provided.

      OSCA Occupation data - 2021 Census.xlsx

      xlsx 1236447

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      Occupation Standard Classification for Australia (OSCA)

      Occupation Standard Classification for Australia (OSCA) is the skill-based classification used to categorise occupations across the Australian labour market. OSCA is used to define occupations across all official occupational statistics. OSCA replaces the Australian and New Zealand Standard Classification of Occupations (ANZSCO).

      Each job is classified to one, and only one, group of jobs at each level of the classification with no overlaps. This prevents the accidental double-counting of roles within the Australian labour market. For more information about OSCA, visit the What is OSCA information page, or the ABS website.

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