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