Claims technical analyst - Salary and Career
Insurance Technicians

Claims technical 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 technical analyst earn

A Claims technical 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 technical 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 technical analyst

Insurance Technicians must:

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

  • Activities

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

    Sectors that hire Claims technical 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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