Expert guidance for broking professionals
At Davies our team have extensive, first-hand knowledge of Insurance Broking and the Broking jobs market in London. Many of our team are ex-practitioners and can offer candidates expert advice and counsel on finding their next role in the industry.
What is Broking?
Insurance Broking is the service of researching, negotiating and arranging insurance cover for clients, who can be individuals or commercial companies. Brokers use their knowledge of the industry to find the best policies whilst developing an understanding of a client’s finances and risk factors.
Brokers act as intermediaries, connecting clients and insurance companies at the best possible price, and charging a commission (either as a flat fee or a percentage of the transaction) once the transaction is complete.
What is the average pay for Broking roles in London?
Broking Account Handlers or Executives can expect to earn salaries of between £30,000-£60,000 depending on experience. Senior Broker salaries can range from £70,000-£110,000.
Many firms also offer additional compensation packages which average around £10,000 in the London area.
What kind of qualifications do you need for Broking roles?
There are several routes into a career as a Broker. Many will have a Bachelors degree in subjects such as Economics, Mathematics or Business whilst others will have gone on to achieve an MBA. Others will have gained relevant experience as an apprentice at a Brokerage firm or taken an accredited course
Broking Roles we specialise in:
- Broking Account Executive
- Broking Account Handler
- Head of Broking
- Placing Broker
- Senior Broker