Insurance Broker Salary (United Arab Emirates)
An Insurance Broker earns an average salary of AED 116,850 per year. People in this job generally don't have more than 10 years' experience.
|Range||AED 0AED 360K|
|Salary||AED 52,091 - AED 305,918|
|Bonus||AED 497 - AED 90,604|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|AED 54,189 - AED 360,499|
Job Description for Insurance Broker
Insurance brokers often work as agents of large insurance companies or independently; in either case, they work directly with clients and must have necessary licenses in their states of employment.Read More...
Insurance brokers provide insurance quotes via phone, online, or in-person. They must assess consumers’ individual needs prior to providing quotes and may need to conduct valuations of properties or businesses to be insured. They may also take photographs, obtain inspection reports, and compare coverage plans of different insurers. They must always try to secure the best rates without sacrificing quality (above-average ratings by third-party institutions) for their clients and must always be fair, ethical and unbiased in their work.
Some insurance brokers may also need to pass series 6 and 7 exams administered by the Financial Industry Regulatory Authority (FINRA), a government agency. Excellent customer service and interpersonal skills are important in this position; on behalf of their clients, they must research ways to reduce premiums by combining different types of insurance, such as home and auto insurance, for substantial discounts. They must also explain any small print that clients should know, such as terms and conditions, and send them certificates of insurance when necessary. Insurance brokers are encouraged to read professional journals relevant to their industry to stay up-to-date in their careers. (Copyright 2018 PayScale.com)
Insurance Broker Tasks
- May refer clients to independent brokers, work as independent broker, or be employed by an insurance company.
- Sell life, property, casualty, health, automotive, or other types of insurance.
Insurance Broker Pay By Employer
Marsh & Mclennan Companies Inc
Willis Group Ltd
Amwins Group, Inc.
Arthur J. Gallagher & Company
Insurance Broker Job Listings
Pay Difference by Location
Key Stats for Insurance Broker
Rated 4 out of 5
based on 2 votes.