Claims analyst - Salary and Career
Insurance Technicians

Claims analyst - Career description, activities, functions and salary

They contact brokers, policyholders and the work team to sell insurance and to facilitate the company-client relationship, underwrite and inspect risks, operationalize premium calculations and other procedures for assignment and recovery of reinsurance and coinsurance, perform regulation and settlement of claims . Develop new types of insurance. They prepare technical documentation.

How much does an Claims analyst earn

A Claims analyst earns between $1.416 and $7.058 per month, with an average monthly salary of $2.863 and a median salary of $2.200 according to an salary survey along with to data of professionals hired and fired by companies in the labor market.

Our research is based on the salaries of 2.953 professionals hired and dismissed by the period from 06/2021 to 05/2022 (last year).

Salary ranges for the Claims analyst

Monthly Salary Annual Salary Salary Per Week Hourly Salary
Average wage 2.863 34.359 716 14
1º Quartile 1.416 16.996 354 7
Median Salary 2.200 26.400 550 11
3º Quartile 5.383 64.592 1.346 26
Higher Salary 7.058 84.695 1.764 34

Professional job categories

  • Middle level technicians
    • medium level technicians in administrative sciences
      • technicians of administrative sciences
        • insurance technicians

Related Positions:

Main workplaces

Insurance Technicians they work in insurance and private pension companies, mixed capital companies and government agencies in the insurance area. Work is carried out indoors during daytime hours. They are CLT or statutory workers and are organized as a team, under supervision. Eventually, they are subject to pressures at work that can cause stress.

What does it take to work in the field of Insurance Technicians

The exercise of these occupations requires high school education and professional courses of two hundred to four hundred class hours. The full performance of activities occurs after three to four years of experience.

Functions and activities of Claims analyst

Insurance Technicians must:

  • prepare technical documentation;
  • operationalize reinsurance and coinsurance assignment and recovery;
  • subscribing risks;
  • perform claims adjustment and settlement;
  • elaborate technical documentation;
  • market insurance;
  • inspect risk;
  • inspect hazards;
  • inspect risks;
  • subscribe to risks;
  • comercializar seguros;
  • subscrever riscos;
  • commercialize insurance;
  • perform claims settlement and settlement;
  • perform settlement and settlement of claims;
  • subscrive riscos;
  • develop products;
  • operationalize assignment and recovery of reinsurance and coinsurance;
  • demonstrate personal skills;
  • subscribe risks;

  • Activities

    • suggest insurable value;
    • search legislation;
    • request advance recovery;
    • calculate premiums;
    • identify exposure and physical and moral aggravation of risk;
    • prepare documentation and list of outstanding and paid claims;
    • act with patience;
    • show credibility;
    • test fire safety equipment;
    • inform data for the preparation of a technical note (sales cost, loss ratio);
    • request medical reports and inspections;
    • check implementation of suggested measures;
    • photograph the object of the insurance;
    • add documentation for bids;
    • reason logically;
    • act with objectivity;
    • disclose products;
    • track product implementation;
    • search competitor market;
    • send insurance renewal notices;
    • receive requests for quotation and/or proposals;
    • analyze inspection reports, medical reports and questionnaires;
    • prepare documentation and list of assigned risks (map or bordero);
    • define inspection procedures;
    • survey customer needs;
    • demonstrate research ability;
    • give technical and commercial support to customers;
    • determine insurance profitability;
    • elaborate technical opinion;
    • demonstrate a sense of observation;
    • demonstrate flexibility;
    • obtain information on physical and moral characteristics of the risk;
    • compare competitors' products;
    • consult other areas of the company;
    • express yourself orally and in writing;
    • check inspection object documentation;
    • provide insurance quote and conditions;
    • notify reinsurer and co-insurers of claims that have occurred;
    • settle a claim (payment to the beneficiary or the insured);
    • write contractual conditions for new products;
    • forward processes for reimbursement and/or recovery;
    • create internal standards and procedures;
    • frame proposals to the company's reinsurance and coinsurance conditions;
    • assist in the training and development of personnel involved with the product;
    • assist the development of the computer system;
    • act with empathy;
    • propose investigation;
    • get internal product approval;
    • framing proposals to the company's reinsurance and coinsurance conditions;
    • attract new business and customers;
    • implementing partnerships with brokers and other distribution channels;
    • reconcile current account with reinsurer and co-insurer;
    • register claims;
    • evaluate damages and quotes;
    • closing processes;
    • negotiate budgets;
    • monitor portfolio results;
    • analyze contract;
    • prepare technical claims report;
    • act with persuasion;
    • concept the product;
    • elaborate inspection and survey reports;
    • calculate reinsurance premiums and recovery;
    • transmit information about customer needs;
    • process documents (policies, amendments, endorsements, annotations);
    • request documentation;
    • evaluate the dynamics of the claim, with causal link (cause and effect);
    • recommend loss prevention measures;
    • increase production through distribution channels;
    • demonstrate decision-making ability;
    • determine the insured's loss ratio;
    • identify new market niches;
    • act with empathy;
    • analyze proposed conditions for the insurance;
    • submit proposals to the company's underwriting rules;
    • schedule inspection;
    • photograph the insurance object;
    • promote product adjustments;

    Sectors that hire Claims analyst the most in the job market

    • non-life insurance
    • insurance, pension plan and health brokers and agents
    • surveillance and private security activities
    • other service activities provided mainly to companies
    • insurance experts and assessors
    • associative activities
    • temporary labor lease
    • document preparation and specialized administrative support services
    • combined office and administrative support services
    • life insurance

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