Fault inspector - Salary and Career
Insurance Technicians

Fault inspector - 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 Fault inspector earn

A Fault inspector earns between $1.189 and $7.141 per month, with an average monthly salary of $2.449 and a median salary of $1.570 according to an Averwage.com 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 2.093 professionals hired and dismissed by the period from 06/2021 to 05/2022 (last year).

Salary ranges for the Fault inspector

Monthly Salary Annual Salary Salary Per Week Hourly Salary
Average wage 2.449 29.391 612 11
1º Quartile 1.189 14.270 297 6
Median Salary 1.570 18.840 393 7
3º Quartile 5.446 65.354 1.362 25
Higher Salary 7.141 85.694 1.785 33

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 Fault inspector

Insurance Technicians must:

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

  • Activities

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

    Sectors that hire Fault inspector the most in the job market

    • other service activities provided mainly to companies
    • insurance experts and assessors
    • non-life insurance
    • associative activities
    • valid transport activities
    • combined office and administrative support services
    • other information services provision activities
    • retail merchandise in general, with predominance of food products - supermarkets
    • activities of associations for the defense of social rights
    • property rental brokerage

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