Insurance consultant job description

You may think that horoscopes are pointless, and that no one can predict the future, but you’d be wrong, in fact there's an insurance job that does exactly that.

If you’ve got some serious mathematical skills and want to put them to good use, you could be predicting the future (and taken seriously) before you know it in an insurance consultant job.


So, what will I actually be doing?

Insurance and the general financial market can be a fickle thing, so sometimes financial organisations and even the government need a little help in predicting where it’s going to go next, and that’s where insurance consultants come in.

Using maths skills and the results of in-depth research, you’ll be making long-term financial predictions to solve financial or risk issues, and helping companies plan for the future by advising them on their next steps. Who knew that maths and statistics could be so important?

As well as assessing and forecasting the future, insurance consultants also pitch suitable insurance options for companies. Types of insurance you can offer include:

  • General insurance
  • HR management
  • Risk management Risk management
  • Corporate recovery
  • Mergers and acquisitions
  • Financing projects

It helps to be a tech geek at heart in this job, as you’ll be liaising with IT professionals and helping to select the right IT software to manage all the important data (that you’ll also use). Expect your daily duties to also include:

  • Writing detailed reports (paperwork really is in every job)
  • Researching current developments in business and finance
  • Building and maintain working relationships with companies
  • Visiting with a range of clients and working environments
  • Helping with marketing programs (when required)

Search for jobs like this

Find insurance consultant jobs now

See all of our current insurance consultant vacancies or sign up to have new insurance consultant jobs emailed directly to you.

The finer details...

What the client wants, the client gets, so your working hours will revolve around them too. This will normally be within regular office hours, but expect to work evenings and the occasional weekend too.

Because the financial industry is so vast, it would be virtually impossible to be an expert in them all, so it’s likely you’ll be working in a specialist consultancy, but still providing a range of services.

Money, money, money

If you’ve got the qualifications, employers will have the money for you. With experience and plenty of studying, you can expect to earn between £30,000 and £50,000.

See what people are earning in this job

The good points...

Giving advice that can save companies tons on money can be oddly satisfying, and a job like this where you genuinely help people (and large companies) can be hard to come by.

...and the bad

Companies rely heavily on your predictions and advice, so get the maths wrong and you could be in serious trouble with the boss…

Is there study involved?

Without previous experience in insurance, you might struggle in the job, as employers are often on the look-out for professional insurance qualifications such as the Chartered Insurance Institute (CII) Diploma and Advanced Diploma in Insurance.

Just left university and want to become a consultant? Some large companies run graduate training schemes for newbies, but you’ll still need your degree to be in something relevant, such as:

  • Insurance
  • Business studies
  • Science 
  • Building surveying
  • Risk management

OK, I'm interested... But is it really the job for me?

As well as brain that doesn’t surrender under complicated maths problems and the ability to deal with statistics, you’ll also need to posses the ability to explain these complex financial problems in a simple manner for people that won’t have a clue what you’re on about.

You’ll also need good communication skills and your problem skills will need to be top-notch in order to analyse the data and make sensible predictions. Other useful skills include:

  • Ability to work well in a team
  • Analytic personality
  • Attention to detail
  • Good at making decisions, even while under pressure
  • Commercial awareness
  • Understanding of business and financial markets (obviously)
  • Ability to use initiative
  • Negotiating skills
  • Good customer service skills


Related articles:

Looking to hire new candidates?

Advertise a job

Advertise your job for £175 on

 Advertise a job

Apply for consultant jobs

 Apply for insurance jobs

Interested in this job? Apply for the latest insurance consultant vacancies.

Get jobs by email

 apply for IT jobs

Only want to hear about roles that suit you? Get the latest matching jobs sent straight to your inbox

Get expert CV help

The Fuller CV

Struggling to turn your experience into a great CV? Our friends at CV KnowHow can help you - their team of expert CV writers are ready to talk to you today and help you create the perfect CV.

Get your CV rewritten by an expert

Gain crucial skills in the insurance sector

 Insurance Learning Zone

Looking to get into the insurance industry or gain promotion within the field? Check out our specified training courses on the Learning Zone.