Insurance technician - Salary and Career
Insurance Technicians

Insurance technician - 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 technician earn

A Insurance technician earns between $1.391 and $6.863 per month, with an average monthly salary of $2.757 and a median salary of $2.191 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 2.403 professionals hired and dismissed by the period from 06/2021 to 05/2022 (last year).

Salary ranges for the Insurance technician

Monthly Salary Annual Salary Salary Per Week Hourly Salary
Average wage 2.757 33.088 689 13
1º Quartile 1.391 16.692 348 7
Median Salary 2.191 26.298 548 11
3º Quartile 5.234 62.804 1.308 26
Higher Salary 6.863 82.350 1.716 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 Insurance technician

Insurance Technicians must:

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

  • Activities

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

    Sectors that hire Insurance technician the most in the job market

    • insurance, pension plan and health brokers and agents
    • non-life insurance
    • life insurance
    • intermediation activities and agency services and business in general
    • temporary labor lease
    • call services activities
    • document preparation and specialized administrative support services
    • auxiliary activities of insurance, supplementary pensions and health plans
    • health insurance
    • billing activities and registration information

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