How much does an Insurance business assistant earn
A Insurance business assistant earns between $1.198 and $4.785 per month, with an average monthly salary of $2.013 and a median salary of $1.542 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 8.764 professionals hired and dismissed by the period from 06/2021 to 05/2022 (last year).
| Monthly Salary | Annual Salary | Salary Per Week | Hourly Salary | |
| Average wage | 2.013 | 24.153 | 503 | 10 |
| 1º Quartile | 1.198 | 14.379 | 300 | 6 |
| Median Salary | 1.542 | 18.498 | 385 | 7 |
| 3º Quartile | 3.650 | 43.795 | 912 | 17 |
| Higher Salary | 4.785 | 57.425 | 1.196 | 23 |
Professional job categories
- Middle level technicians
- medium level technicians in administrative sciences
- technicians of administrative sciences
- insurance technicians
Related Positions:
- Claims technician
- Insurance technician
- Product Analyst Assistant
- Insurance assistant underwriter
- Insurance technical analyst
- Insurance sales assistant
- Insurance production inspector
- Product assistant (insurance technician)
- Loss control representative
- Claims adjuster
- Risk inspector
- Insurance Analyst (technician)
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 Insurance business assistant
Insurance Technicians must:
Activities
- framing proposals to the company's reinsurance and coinsurance conditions;
- demonstrate decision-making ability;
- register claims;
- provide insurance quote and conditions;
- give technical and commercial support to customers;
- demonstrate research ability;
- prepare documentation and list of assigned risks (map or bordero);
- calculate premiums;
- attract new business and customers;
- send insurance renewal notices;
- submit proposals to the company's underwriting rules;
- implementing partnerships with brokers and other distribution channels;
- request documentation;
- survey customer needs;
- process documents (policies, amendments, endorsements, annotations);
- disclose products;
- create internal standards and procedures;
- schedule inspection;
- forward processes for reimbursement and/or recovery;
- analyze contract;
- determine the insured's loss ratio;
- analyze inspection reports, medical reports and questionnaires;
- photograph the object of the insurance;
- act with patience;
- act with empathy;
- analyze proposed conditions for the insurance;
- consult other areas of the company;
- suggest insurable value;
- elaborate technical opinion;
- add documentation for bids;
- evaluate the dynamics of the claim, with causal link (cause and effect);
- compare competitors' products;
- test fire safety equipment;
- determine insurance profitability;
- identify new market niches;
- photograph the insurance object;
- express yourself orally and in writing;
- act with objectivity;
- assist the development of the computer system;
- inform data for the preparation of a technical note (sales cost, loss ratio);
- act with persuasion;
- prepare technical claims report;
- elaborate inspection and survey reports;
- transmit information about customer needs;
- recommend loss prevention measures;
- closing processes;
- search legislation;
- request medical reports and inspections;
- demonstrate a sense of observation;
- prepare documentation and list of outstanding and paid claims;
- concept the product;
- settle a claim (payment to the beneficiary or the insured);
- act with empathy;
- reconcile current account with reinsurer and co-insurer;
- assist in the training and development of personnel involved with the product;
- increase production through distribution channels;
- obtain information on physical and moral characteristics of the risk;
- calculate reinsurance premiums and recovery;
- request advance recovery;
- receive requests for quotation and/or proposals;
- identify exposure and physical and moral aggravation of risk;
- track product implementation;
- get internal product approval;
- frame proposals to the company's reinsurance and coinsurance conditions;
- demonstrate flexibility;
- negotiate budgets;
- promote product adjustments;
- check implementation of suggested measures;
- propose investigation;
- define inspection procedures;
- reason logically;
- evaluate damages and quotes;
- monitor portfolio results;
- show credibility;
- search competitor market;
- check inspection object documentation;
- write contractual conditions for new products;
- notify reinsurer and co-insurers of claims that have occurred;
Sectors that hire Insurance business assistant the most in the job market
- insurance, pension plan and health brokers and agents
- non-life insurance
- temporary labor lease
- other service activities provided mainly to companies
- combined office and administrative support services
- life insurance
- document preparation and specialized administrative support services
- auxiliary activities of insurance, supplementary pensions and health plans
- mutual credit cooperatives
- billing activities and registration information
