Insurance intermediary: providers, schools, information, FAQs

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Insurance intermediaries are persons who offer or conclude insurance contracts in the interests of insurance companies or other persons. Those who work independently must be entered in the public register of insurance intermediaries. Intermediaries like to give advice, always know more than others and love good and targeted solutions. Those who train as specialists can advise and support private and corporate customers on insurance and pension issues.

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Insurance intermediary - The attractive job in the insurance industry

As an insurance broker, your day-to-day work revolves around insurance contracts. Do you enjoy working in the insurance industry and do you like dealing with financial matters? If you are also an open-minded person with a customer-oriented way of thinking, enjoy communicating with people and are a good speaker, then training or further training to become an insurance intermediary may be just right for you.

 

This professional group offers insurance contracts to a wide variety of people (private individuals or companies) and, at best, also concludes them. The art of this activity is to clearly demonstrate the existing risks, explain the advantages of a contract in an understandable way and convince the customer that concluding a contract is the best and safest decision. In order to be able to carry out this work confidently and self-assuredly and with competent specialist knowledge, you will acquire sound knowledge in subjects such as law, the insurance industry, customer advice and all areas of the insurance industry during your training as an insurance intermediary. Think future-oriented, show your talents and train to become an insurance agent.

 

This further training is not federally recognized, so each school sets its own regulations and content for this course. The duration of the course can also vary greatly, but is often twenty days of attendance and self-study. Find out more about training to become an insurance intermediary directly from the individual schools and ask for further documents to be sent to you free of charge.

Questions and answers

In the conventional sense, continuing education, further training as an insurance intermediary VBV is not part-time, if you mean classes in the evenings or at weekends. Nevertheless, it is perfectly possible to continue working alongside the course, as the courses take place in day blocks. This means that you can attend the insurance training course one or two days a week and continue to work on the other days.

The insurance broker VBV qualification is one of the most important requirements for entry in the FINMA register and this also applies to Cicero membership. Depending on previous training, this qualification as a specialist in insurance brokerage is also one of the admission criteria for the insurance specialist certificate or for the degree course in insurance economics HF.

Depending on the chosen course model and course location, training to become a VBV insurance intermediary takes between one and seven months. It is also possible for you to attend a two-part course, which is held in the summer and again in the winter, so that the fall remains free of lessons for the year-end business.

A VBV intermediary has the following tasks:

  • Advise and support private and corporate clients
  • Demand intake
  • Offer of contracts for insurance, pension and financial products
  • Provide transparent information about the most important product features, premiums and fees
  • Conclusion of insurance contracts and solutions

The Insurance Intermediary VBV qualification is not a federally recognized qualification in the sense of a Federal Professional Examination or Advanced Federal Professional Examination (AFPE), but a certification recognized by the Financial Market Authority (Finma) for registration as an insurance intermediary.

The VBV examination consists of a written and an oral part. The written VBV examination questions are taken online on an examination platform. In the oral examination, the candidate can choose from two options relating to sales and advisory situations: Private households (individuals, families, self-employed) or small businesses.

The Insurance Broker VBV course is aimed at people who work for insurance companies and other service providers in the financial sector, where they sell pension and insurance products and provide insurance advice.

A final examination for the Insurance Broker VBV certificate is essential. This consists of a written and a practical, oral part of the examination. The examination takes place twice a year and lasts 120 minutes in writing and 60 minutes orally, including half an hour's preparation time.

An insurance broker training course teaches you more about:

  • Insurance industry
  • Legal knowledge
  • Property and asset insurance
  • Personal and social insurance
  • Customer advice
  • Exam preparation

In addition to a course for newcomers or those switching to insurance brokerage, there are also courses for established professionals, which last a total of seven days. However, you will only be admitted to such a course if you pass the assessment test, for which you need at least two years of professional experience as an insurance intermediary. You can obtain further information on this directly from the relevant training providers.

Independent insurance intermediaries who offer or conclude insurance contracts in the interests of insurance companies or other persons must be entered in the public register of insurance intermediaries. Only then may they commence their activities. Other insurance intermediaries may register. FINMA keeps a public register of insurance intermediaries.

You need the following qualities as an insurance broker:

  • Personal reliability
  • Communicative personality
  • Quality of advice
  • Affinity for numbers
  • Customer and solution orientation
  • Confidentiality

Redaktionelle Leitung:

Stefan Schmidlin, Bildungsberatung, Content-Team Modula AG

Quellen

Website des Schweizerischen Sekretariats für Bildung, Forschung und Innovation SBFI , Website www.berufsberatung.ch (offizielles schweizerisches Informationsportal der Studien-, Berufs- und Laufbahnberatung) sowie Websites und anderweitige Informationen der Berufsverbände und Bildungsanbieter.

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