How much does an Reinsurance technician earn
A Reinsurance technician earns between $2.088 and $16.853 per month, with an average monthly salary of $6.580 and a median salary of $5.316 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 136 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 | 6.580 | 78.962 | 1.645 | 32 |
| 1º Quartile | 2.088 | 25.059 | 522 | 10 |
| Median Salary | 5.316 | 63.786 | 1.329 | 26 |
| 3º Quartile | 12.853 | 154.235 | 3.213 | 63 |
| Higher Salary | 16.853 | 202.238 | 4.213 | 82 |
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 Reinsurance technician
Insurance Technicians must:
Activities
- act with objectivity;
- give technical and commercial support to customers;
- prepare technical claims report;
- search competitor market;
- elaborate inspection and survey reports;
- frame proposals to the company's reinsurance and coinsurance conditions;
- request medical reports and inspections;
- settle a claim (payment to the beneficiary or the insured);
- calculate premiums;
- act with empathy;
- prepare documentation and list of outstanding and paid claims;
- consult other areas of the company;
- check inspection object documentation;
- implementing partnerships with brokers and other distribution channels;
- demonstrate a sense of observation;
- act with persuasion;
- calculate reinsurance premiums and recovery;
- request documentation;
- monitor portfolio results;
- act with patience;
- increase production through distribution channels;
- write contractual conditions for new products;
- submit proposals to the company's underwriting rules;
- send insurance renewal notices;
- compare competitors' products;
- concept the product;
- express yourself orally and in writing;
- negotiate budgets;
- framing proposals to the company's reinsurance and coinsurance conditions;
- add documentation for bids;
- prepare documentation and list of assigned risks (map or bordero);
- survey customer needs;
- analyze proposed conditions for the insurance;
- evaluate the dynamics of the claim, with causal link (cause and effect);
- determine the insured's loss ratio;
- analyze inspection reports, medical reports and questionnaires;
- transmit information about customer needs;
- test fire safety equipment;
- forward processes for reimbursement and/or recovery;
- photograph the object of the insurance;
- attract new business and customers;
- notify reinsurer and co-insurers of claims that have occurred;
- reason logically;
- evaluate damages and quotes;
- analyze contract;
- closing processes;
- schedule inspection;
- assist in the training and development of personnel involved with the product;
- act with empathy;
- request advance recovery;
- suggest insurable value;
- process documents (policies, amendments, endorsements, annotations);
- provide insurance quote and conditions;
- assist the development of the computer system;
- disclose products;
- define inspection procedures;
- photograph the insurance object;
- register claims;
- elaborate technical opinion;
- identify exposure and physical and moral aggravation of risk;
- promote product adjustments;
- create internal standards and procedures;
- demonstrate research ability;
- identify new market niches;
- inform data for the preparation of a technical note (sales cost, loss ratio);
- demonstrate flexibility;
- reconcile current account with reinsurer and co-insurer;
- get internal product approval;
- show credibility;
- receive requests for quotation and/or proposals;
- determine insurance profitability;
- track product implementation;
- demonstrate decision-making ability;
- search legislation;
- check implementation of suggested measures;
- propose investigation;
- recommend loss prevention measures;
- obtain information on physical and moral characteristics of the risk;
Sectors that hire Reinsurance technician the most in the job market
- insurance, pension plan and health brokers and agents
- temporary labor lease
- reinsurance
- non-life insurance
- life insurance
- vehicle towing services
- advertising space agency
- accounting activities
- engineering services
- restaurants and similar
