Insurance adviser, other

What does an insurance advisor, other do? Tasks and work environment

An insurance advisor with broad expertise guides both individuals and companies regarding insurance solutions that match their needs. Tasks include risk analysis, review of existing insurance policies, recommending new products, and advising on claims and terms. Many insurance advisors work in office environments, often within banks, insurance companies, or as independent consultants, maintaining daily contact with clients via meetings, phone, and digital channels. The pace is often high, requiring good ability to handle multiple cases simultaneously, with significant responsibility resting on the advisor’s judgment and knowledge of laws, regulations, and products.

Salary development over time

Over the past three years, insurance advisors with broad expertise have seen a steady increase in average monthly salary. In 2022, the average salary was 47,400 SEK, followed by an increase to 49 500 SEK in 2023. The positive trend has continued, and in 2024 the salary has risen further to 51 300 SEK, representing a total increase of approximately 8.2% over three years. Factors driving this development include increased demand for qualified advice within the insurance industry, a more complex product landscape, and higher requirements for certification and education. The salary increase also reflects a general trend toward higher compensation for specialist roles within finance and insurance sectors.

Insurance advisor, other salary – comprehensive overview

• Average salary: 51 300 SEK/month
• Lowest salary: 42,300 SEK/month (female, private sector, high school education)
• Highest salary: 65,700 SEK/month (male, private sector, post-secondary education 3+ years)
• Hourly wage: 309 SEK/hour
• Men: 55 600 SEK/month
• Women: 47 200 SEK/month
• Women’s share of men’s salary: 85%

Education and qualifications

The path to becoming an insurance advisor with broad competence typically involves a high school education followed by tertiary studies in economics, law, or insurance. Many employers also require specific certifications and further training in insurance advising and financial advising, often combined with internships or trainee positions. Self-study and online courses can supplement formal education, especially for those wishing to deepen their knowledge in specific areas or products.

• High school: Economics or social sciences program (3 years)
• Tertiary education: Economics, law, insurance (2–3 years or more)
• Certification: Swedsec license or equivalent
• Internship: Commonly in the form of trainee programs
• Online courses: Available for specialization in specific insurance products

Common benefits and compensation

Insurance advisors with broad expertise are often offered benefits such as occupational pension, wellness allowance, bonuses or commission systems tied to sales, as well as flexible working hours and remote work options. Other common compensation includes training grants, subsidized health insurance, and discounted insurance products for personal use.

Competition and challenges

The job market for insurance advisors with broad competence is characterized by high competition, especially among attractive employers in urban areas. The industry is marked by rapid changes in regulations, digitization, and increased automation, which require continuous skills development. The ability to build long-term customer relationships and quickly adapt to new products and technological solutions is crucial. An additional challenge is managing customers’ increasingly high demands for transparency and quality of advice.

Tips for those who want to become an insurance advisor, other

To succeed as an insurance advisor with broad competence, it is good to be communicative and able to adapt your language to the customer’s knowledge and situation. A high level of accuracy facilitates handling complex terms and regulations, and analytical skills help identify risks and needs across different customer groups. Being attentive and service-minded builds trust and long-term customer relationships. It is also important to have a desire to constantly learn new products and regulations, as the industry changes rapidly. Building a strong network within insurance and finance provides support and new opportunities. For goal-oriented individuals who enjoy working towards clear targets, there are good prospects for development and career progression within the profession.

Key facts about insurance advisors, other

• Education level: High school + tertiary studies recommended
• Work environment: Office-based, often with remote work options
• Certification: Swedsec license usually required
• Job openings: 758 within the profession according to current figures
• Gender differences: Women earn 85% of what men do

Career paths and future prospects

After three to five years in the profession, an insurance advisor with broad competence can advance to roles such as senior advisor, team leader, or specialize in corporate insurance and complex risk analysis. Opportunities also exist to move into leadership positions within insurance companies or work as trainers within the industry. According to the Swedish Public Employment Service’s job forecast, no separate assessment is made for this specific profession due to limited data, but there are 758 job openings within the profession, and the job market is considered stable. Digitalization and new regulations may influence future skill requirements, but demand for qualified advice is expected to remain over the foreseeable future.

Frequently asked questions about insurance advisors, other

• What does an insurance advisor, other earn?
  - The average salary is 51 300 SEK per month, with variations between 42,300 SEK and 65,700 SEK depending on experience and education.
• Are there differences in salary between men and women?
  - Yes, women earn on average 47 200 SEK and men 55 600 SEK, which means women earn 85% of men’s salaries.
• What education is required to become an insurance advisor?
  - A high school diploma in economics or social sciences is recommended, often complemented by tertiary studies and certification.
• What does the job market look like?
  - There are 758 job openings within the profession and the job market is considered stable.
• What are the tasks of an insurance advisor?
  - The work includes customer advising, analysis of insurance needs, drafting insurance agreements, and claims handling.
• What benefits are commonly offered?
  - Common benefits include occupational pension, bonuses, wellness allowance, and opportunities for remote work.
• Are there development opportunities?
  - Yes, there are good opportunities to advance to senior advisor, team leader, or specialize within the industry.