Insurance production inspector - Salary and Career
Insurance Technicians

Insurance production 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 Insurance production inspector earn

A Insurance production inspector 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 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).

Salary ranges for the Insurance production inspector

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:

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 production inspector

Insurance Technicians must:

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

  • Activities

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

    Sectors that hire Insurance production inspector 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

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