How much does a Insurance brokers make

  1. Salary statistics
  2. Insurance brokers
Image that illustrates Insurance brokers

Insurance brokers

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 brokers

Average salary 51 300 kr
Males 55 600 kr
Females 47 200 kr
1 Likes 0 Comments 18 Vacant jobs ->

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

An insurance broker analyzes clients' insurance needs, compares various insurance solutions, and mediates the most suitable products from different insurance companies. Tasks include advising, preparing quotes, negotiating with insurers, and drafting insurance agreements. Contact with both corporate and private clients is central, and the profession requires great accuracy and the ability to handle complex information. The work mainly takes place in an office environment, where digital tools and phones are key work tools, but meetings with clients often occur both in person and digitally.

Salary development over time

Insurance brokers have seen a steady increase in average salary over recent years. In 2022, the average salary was 47,400 SEK, which increased to 49 500 SEK in 2023 and reached 51 300 SEK in 2024. This represents a total salary increase of approximately 8.2% over three years. The development reflects an increased demand for qualified advice within the insurance industry, as well as the growing complexity of insurance products. Salary growth has been somewhat faster than the average for similar professions, largely explained by the increased importance of personalized advice and specialized knowledge. Market demands for higher education levels and certifications have also contributed to pushing up salaries.

Insurance broker salary – comprehensive overview

  • Average salary: 51 300 SEK/month
  • Lowest salary: 42,300 SEK/month
  • Highest salary: 65,700 SEK/month
  • Hourly wage (average): 309 SEK
  • Women’s average salary: 47 200 SEK/month
  • Men’s average salary: 55 600 SEK/month
  • Women earn: 85% of men’s salary

Education and qualifications

The path to becoming an insurance broker often involves university studies in economics or law, supplemented with industry-specific training and certifications. Employers prefer candidates with sales or advisory experience, as well as good knowledge of economics and insurance law. Internships and trainee programs are common parts of establishing oneself in the job market.

  • Formal education: Economics or law degree (3 years or more)
  • Certifications: SwedSec licensing or equivalent
  • Internships: Recommended, often through trainee programs at insurance companies or brokerage firms
  • Prerequisites: High school diploma with focus on economics or social studies
  • Courses: Specialization in insurance law and advisory skills

Many insurance brokers build strong long-term client relationships, where trust and personal service are crucial for success. It is not uncommon for the same broker to follow their clients through different life stages and changing needs.

– statsskuld.se

Common benefits and compensations

Insurance brokers are often offered performance-based bonuses in addition to base salary, as well as benefits such as occupational pension, wellness allowance, and sometimes private health insurance. Access to internal training and professional development is also common, along with flexible working hours and the possibility of remote work depending on the employer.

Competition and challenges

The profession of insurance broker is characterized by high competition, requiring constant updating on legislation, products, and market trends. Digitalization has changed working conditions, with increased transparency and more comparison services, which demands deeper advice and personal service. Finding and retaining clients requires both business acumen and the ability to build long-term relationships. Additionally, the profession involves extensive regulations and documentation requirements, which can be perceived as administratively demanding. For driven and service-oriented individuals, there are good opportunities for career advancement.

Tips for those who want to become insurance brokers

To succeed as an insurance broker, it is good to combine analytical skills with a strong sense of service. Being attentive is crucial to understanding customers' real needs and proposing suitable solutions. Building a network early and actively seeking internships or trainee programs to gain industry insight is recommended. Self-discipline and goal orientation help manage both sales targets and complex regulations. A communicative personality helps build trust with clients and colleagues. Engagement in further education and certification increases chances of standing out in the job market. Finally, patience is an important trait, as success often requires time and perseverance.

Key facts about insurance brokers

  • Educational level: Post-secondary education (3 years or more recommended)
  • Work environment: Office-based with client meetings digitally and in person
  • Work form: Full-time, often with bonus-based salary
  • Demand: 758 job openings within the profession
  • Gender differences: Women earn 85% of men's salary

Career paths and future prospects

After three to five years in the profession, an insurance broker can advance to senior advisor, team leader, or specialize in areas such as corporate insurance or pension solutions. Opportunities also exist to become a partner in brokerage firms or take on leading roles within insurance companies. The employment agency’s forecast for the profession is uncertain due to limited data, but indications point to continued demand, especially for those with specialized skills and experience. Digitalization and advice on complex issues are expected to drive the need for qualified insurance brokers, even as simpler services are automated.

Frequently asked questions about insurance brokers

  • What does an insurance broker earn?
    - The average salary is 51 300 SEK/month, but earnings vary depending on experience, education, and employer.
  • What education is required to become an insurance broker?
    - Typically, post-secondary education in economics or law, along with industry-specific certifications.
  • Are there salary differences between women and men?
    - Yes, women earn on average 85% of what men do in the profession.
  • What is the job market like for insurance brokers?
    - There are 758 job openings in the profession, indicating good demand.
  • What personal qualities are important?
    - Analytical ability, proactive communication, service-mindedness, and patience are valuable qualities.
  • What is the highest and lowest salary for an insurance broker?
    - The highest salary is 65,700 SEK/month and the lowest is 42,300 SEK/month, depending on education, experience, and employer.

Richard Andersson

Richard Andersson - 2025-08-08 22:30:32

Occupation
Who has the highest salary?
The highest salary for a Insurance brokers 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 brokers 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
* Empty columns indicate that the statistical data was insufficient to allow for a statistically significant conclusion.
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 brokers has the SSYK code 3321, which we use to match against the SCB database to obtain the latest salary statistics.

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