[Insurance] Becoming an Insurance Broker or Referral Partner
- August 30, 2024
![[Insurance] Becoming an Insurance Broker or Referral Partner](https://agents.oxbridge.com.au/wp-content/uploads/2024/08/Oxbridge-Insurance-300x157.jpg)
Dear Oxbridge Partners and Affiliates,
Oxbridge is proud to launch Oxbridge Insurance. Insurance brokering is a phenomenal industry with solid upfront and trail income. The course also takes a few days to complete. Entering the insurance brokering industry with Oxbridge Insurance means joining a field with robust opportunities, professional growth, and the satisfaction of helping clients secure their futures. Martin is a very experienced insurance broker and currently the director of HAE Financials, an affiliated Oxbridge member. He will be taking us through the basics of insurance brokering including qualifying as an insurance broker, earning potentials and building a successful business. Oxbridge already generates significant leads for real estate and mortgage brokering. If you are interested in insurance brokering please join our Whatsapp group at https://chat.whatsapp.com/CmEeMik6qvvJn4UMrF0lfC
EVENT DETAILS
Time: 12th September, 2024 12.30pm AEST (WA: 10.30am, 12.00pm SA/NT)
Location: Zoom: https://zoom.us/j/6806901300
Register: support@oxbridge.com.au
ABOUT THE INSURANCE BROKERING INDUSTRY
Income for self-employed insurance brokers in Australia can vary widely depending on several factors, including experience, location, and the broker’s client base. Self-employed insurance brokers often see incomes ranging from $70,000 to $2M+ per year. This income can come from commissions on policies sold, renewals, and sometimes fees for consulting services. Experienced brokers with a well-established client base in profitable niches, such as corporate insurance, can exceed these figures.
Owning an insurance brokering business also allows for additional income streams through value-added services, cross-selling other financial products, and leveraging relationships with insurance providers for better commission rates or bonuses.
Moreover, the structure of the business impacts potential earnings. Brokers who operate as part of a franchise or under a larger brokerage firm may have lower overheads but will share commissions. Conversely, independent brokers with their own practices can keep a larger share of their earnings but will also face higher operational costs.
- Steady Demand: Insurance is a necessity for individuals and businesses, ensuring a constant demand for brokers.
- Diverse Opportunities: Wide range of insurance types (health, life, property, business) allows brokers to specialize and diversify.
- Financial Stability: Provides a stable income with potential for high earnings through commissions and renewals.
- Professional Growth: Opportunities for continuous learning and advancement in a regulated industry.
- Customer Relationships: Ability to build long-term relationships with clients, enhancing trust and loyalty.
- Problem-Solving: Helps clients manage risk and navigate complex insurance needs, offering rewarding and impactful work.
The Oxbridge Team
