Sellers, insurance salary

Salary and Work as a Salesperson, Insurance

Working as a salesperson in the insurance industry can be both challenging and rewarding. Here you will get an insight into what the profession entails, what salary you can expect, as well as the prerequisites and education that may be required.

What Does a Salesperson in Insurance Do?

As an insurance salesperson or insurance advisor, you work on selling insurance policies to both individuals and businesses. This can involve everything from life insurance to corporate insurance and car insurance. The tasks include identifying customer needs, offering solutions, and following up and maintaining customer relationships. An important part of the job is to have good knowledge of various insurance products and to be able to explain them in a clear and understandable way to customers.

Salary for Salespersons in Insurance

The average salary for a salesperson in the insurance industry is 49 500 SEK per month. However, there is a gender pay gap in salaries; men earn an average of 54 000 SEK while women earn 45 000 SEK. This means that women earn approximately 83% of what men do in the same profession. The salary has been stable since the last survey.

Education and Prerequisites

To become a salesperson in insurance, a high school education is generally required, preferably with a focus on economics or sales. Many employers also offer internal training programs and certifications that are necessary to perform the job professionally. It is also advantageous to have good knowledge of law, economics, and customer service.

Job Opportunities and Prospects

The Swedish Public Employment Service has not made a specific assessment of job opportunities for insurance salespersons and advisors due to limited data. However, in general, having experience in sales and customer service can be beneficial and increase the chances of getting a job in the field.

Things to Consider

If you are interested in working as an insurance salesperson, it is important that you are socially competent and have the ability to build and maintain long-term customer relationships. You should also be results-oriented and have the ability to explain complex insurance products in an understandable way. Flexibility and the ability to adapt to customer needs are also important qualities.

Benefits

Insurance salespersons often enjoy various benefits such as paid training, company mobile phone, and sometimes even a company car. These benefits may vary depending on the employer and employment conditions.

Summary

Working as a salesperson in the insurance industry is a profession that requires both knowledge and social skills. With an average salary of 49 500 SEK and various possible benefits, it can be an attractive career choice. However, women earn 83% of what men do in the same profession. Education in economics, law, and sales can be advantageous to enter the industry.