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Level 3 Insurance Practitioner

This occupation is found in the financial services sector in commercial organisations.

Insurance is the transfer of risk to allow offsetting of financial loss and consequently insurance services are very in demand and wide ranging. Employers particularly include very large (even global) corporations but can also include far smaller enterprises and third party vendors. Insurance practitioners also work for brokers who act as intermediaries on behalf of clients.

Many insurers will typically specialise in retail insurance products and services such as car, life and health insurance. Clients may be individuals seeking cover for themselves, or the client may be an organisation seeking the insurance of their business assets.

The broad purpose of the occupation is to provide insurance coverage and recourse in the event of a loss, servicing the expectations of client’s policies as they arise. Insurance practitioners provide an important role in the administration of applications and claims. They must understand the needs of clients in order to help provide peace of mind to businesses and individuals by protecting their interests in the event of loss. Most insurance practitioners work is office based.

Options:

  1. Claims Handler/Loss Adjuster
  2. Assistant Underwriter
  3. Junior Broker

 

Location

Workplace

Duration

15 months + 3 months EPA