Image that illustrates Insurance intermediary

Insurance intermediary

51 300 kr

Insurance salespeople and advisors

42 300 - 65 700 kr / month

Women earn 85% of what men do.

Administration, ekonomi

What will be the salary after tax?

Salary progression Insurance intermediary

Average salary 51 300 kr
Males 55 600 kr
Females 47 200 kr

What does an insurance broker do? – Tasks and work environment

An insurance broker analyzes clients' insurance needs, provides advice, and mediates various insurance solutions from multiple insurance companies. The profession involves close contact with both individuals and companies, where advice and service are central parts of the workday. Insurance brokers are responsible for explaining complex insurance terms, preparing quotes, and sometimes handling claims. The work environment is often office-based, but meetings may also occur at the client's location or digitally. The work is characterized by a fast pace, focus on results, and high demands for good service attitude.

Salary development over time

The salary for insurance brokers has steadily increased in recent years. In 2022, the average salary was 47,400 kronor, rising to 49 500 kronor in 2023. The latest figure for 2024 shows an average salary of 51 300 kronor per month. This represents an increase of approximately 8.2% over the three-year period. The salary growth is partly explained by increased demand for qualified advice, a greater focus on individual competence, and a trend toward more specialized insurance solutions. The industry has also been affected by digitalization and increased competition, which has contributed to rising salaries for the most experienced and certified mediators.

Insurance broker salary – complete overview

  • Average salary: 51 300 kr/month
  • Lowest salary: 42,300 kr/month (female, private sector, secondary education)
  • Highest salary: 65,700 kr/month (male, employed in private sector, post-secondary education)
  • Hourly wage: 309 kr
  • Women/men: Women earn 47 200 kr, men earn 55 600 kr (women 85% of men's salary)
  • Regional differences: Salary variations occur between urban and rural areas, with higher salaries in metropolitan regions.

Education and qualifications

To work as an insurance broker, a post-secondary education in economics, law, or insurance is usually required, often supplemented with specific certifications. Many employers also require experience from the insurance industry or related fields. To mediate insurance policies, registration with the Swedish Financial Supervisory Authority (Finansinspektionen) and sometimes approved licensing are necessary.

  • Post-secondary education: Economics, law, or insurance (2–4 years)
  • Certification/license: Swedsec or Insuresec, and registration with Finansinspektionen
  • Internship/trainee: Common at larger insurance companies
  • Prerequisites: High school diploma, preferably with economic or social science specialization
  • Online courses: Several providers offer preparatory courses and self-study options

Many insurance brokers choose to specialize in niche areas, such as corporate insurance or pension solutions. This specialization can both increase customer value and enable a more varied and developmental workday.

– statsskuld.se

Common benefits and compensation

Among the most common benefits for insurance brokers are occupational pension, wellness allowance, bonus/commission systems, and the opportunity for flexible working hours and remote work. Employers often also offer further training and internal courses to maintain competence and licensing.

Competition and challenges

The job market for insurance brokers is competitive, especially in metropolitan regions where many players operate. Digitalization and automation are changing industry conditions, requiring continuous skills development. Customers' demands for transparency, ethics, and independence have increased, placing higher demands on the quality of advice. Building long-term customer relationships and staying updated on legislation and insurance products is also challenging. Establishing oneself as a newcomer can be difficult without the right network or specialized expertise.

Tips for aspiring insurance brokers

To succeed as an insurance broker, strong communication skills and a service-oriented mindset are important. Being meticulous helps in handling complex regulations and providing accurate advice. A genuine interest in economics and social issues facilitates understanding different insurance solutions. The ability to build trust is crucial, so actively work on developing your social skills and relationship-building. Being goal-oriented and results-driven makes it easier to achieve sales targets and grow in the profession. Seek internships or trainee positions to gain insight into the industry and establish valuable contacts. Finally, stay informed about industry changes and regulations to maintain your competitiveness.

Key facts about insurance brokers

  • Education level: Post-secondary education in economics, law, or insurance
  • Work environment: Office-based, often with flexible hours
  • Work form: Full-time, sometimes with remote options
  • Demand: Approximately 758 job openings within the profession in Sweden
  • Special skills: Certification/license required for advice and mediation

Career paths and future prospects

After three to five years in the profession, many insurance brokers can advance to specialist roles such as corporate insurance, pension advice, or team leader at larger offices. Some choose to become self-employed or work as independent advisors. According to the Swedish Public Employment Service's forecasts, no precise assessment is made for insurance brokers, but a total of 758 job openings indicates strong demand. The industry's development is influenced by digitalization, increased demands for transparency, and regulatory changes. Those with specialized knowledge and certification have good opportunities for further career development and higher earnings.

Common questions about insurance brokers

  • What does an insurance broker earn?
    - The average salary is 51 300 kronor per month, with variations depending on experience, gender, and region.
  • What education is required to become an insurance broker?
    - Post-secondary education in economics, law, or insurance, along with certification/license.
  • Are there differences between men's and women's salaries?
    - Yes, women earn 47 200 kr/month, which is 85% of men's average salary.
  • What does the job market look like for insurance brokers?
    - There are approximately 758 job openings, especially in metropolitan regions.
  • What are the most common benefits?
    - Occupational pension, bonus/commission, wellness allowance, and the possibility of remote work.
  • What is the maximum earning potential for an insurance broker?
    - The highest salary is 65,700 kr/month, usually for men with extensive experience and post-secondary education.
  • What personal qualities are important in the profession?
    - Communication skills, service orientation, accuracy, and the ability to build trust.

Who has the highest salary?
The highest salary for a Insurance intermediary is 65700 kr. This salary belongs to a man working in the Privately employed officials with a post-secondary education, 3 years or more. The highest salary for a woman in this profession is 56100 kr.
Who has the lowest salary?
The lowest salary for a Insurance intermediary is 42300 kr. This salary belongs to a woman also working in the Private sector. The lowest salary for a man in this profession is 48300 kr.
Salary distributed by age and sector
Age Women's salary as a percentage of men's Base salary Monthly salary
18-24 97% 28900 kr 30300 kr
25-34 92% 40000 kr 41500 kr
35-44 85% 52600 kr 54400 kr
45-54 77% 59000 kr 61300 kr
55-64 76% 58900 kr 61300 kr
Snitt 85% 49500 kr 51300 kr
Salary per sector
Salary based on education
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About the data

All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.

All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.

Profession Insurance intermediary has the SSYK code 3321, which we use to match against the SCB database to obtain the latest salary statistics.

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