Loss control representative - Salary and Career
Insurance Technicians

Loss control representative - 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 Loss control representative earn

A Loss control representative earns between $1.216 and $3.985 per month, with an average monthly salary of $1.830 and a median salary of $1.500 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 5.399 professionals hired and dismissed by the period from 06/2021 to 05/2022 (last year).

Salary ranges for the Loss control representative

Monthly Salary Annual Salary Salary Per Week Hourly Salary
Average wage 1.830 21.956 457 9
1º Quartile 1.216 14.593 304 6
Median Salary 1.500 18.000 375 7
3º Quartile 3.039 36.469 760 14
Higher Salary 3.985 47.819 996 19

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 Loss control representative

Insurance Technicians must:

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

  • Activities

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

    Sectors that hire Loss control representative the most in the job market

    • other service activities provided mainly to companies
    • temporary labor lease
    • switched fixed telephone services - stfc
    • associative activities
    • tests and technical analysis
    • road transport of cargo, except dangerous goods and removals, intercity, interstate and international
    • retail merchandise in general, with predominance of food products - supermarkets
    • intermediation activities and agency services and business in general
    • non-life insurance
    • combined office and administrative support services

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