Insurance Salary and Compensation Survey Benchmark Job Descriptions
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CompGeo Insurance Occupation Group Benchmark Job Descriptions
Individual Job/Job Family Salary Surveys: CompGeo Online Associate Insurance Salary Reports
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Job Family: Actuarial
Benchmark Title: Actuaries
Actuaries assemble and analyze data to estimate the probability and likely cost of the occurrence of an event such
as death, sickness, injury, disability, or loss of property. Actuaries also address financial questions, including
those involving the level of pension contributions required to produce a certain retirement income level and the
way in which a company should invest resources to maximize return on investments in light of potential risk. Using
their broad knowledge of statistics, finance, and business, actuaries help design insurance policies, pension
plans, and other financial strategies in a manner which will help ensure that the plans are maintained on a sound
financial basis.
 
 
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CompGeo Insurance Occupation Group Benchmark Job Descriptions
Individual Job/Job Family Salary Surveys: CompGeo Online Associate Insurance Salary Reports
Detailed Occupation Wide Pro Salary Surveys: CompGeo Pro Occupation Group - CompGeo Pro Salary Forecast Reports
CompGeo Occupation Group: Insurance ---- Occupation Wide Salary Forecasts >>
Job Family: Insurance Agent
Benchmark Title: Insurance Adjusters, Examiners, and Investigators
Claims adjusters, examiners, and investigators work primarily for property and casualty insurance companies, for
whom they handle a wide variety of claims for property damage, liability, and bodily injury. Their main role is to
investigate the claims, negotiate settlements, and authorize payments to claimants, but they must always be mindful
not to violate the claimantÆs rights under Federal and State privacy laws. They must determine whether the
customerÆs insurance policy covers the loss and how much of the loss should be paid to the claimant. Although many
adjusters, appraisers, examiners, and investigators have overlapping functions and may even perform the same job,
the insurance industry generally assigns specific roles to each of these claims workers.
 
Benchmark Title: Insurance Appraisers, Auto Damage
Insurance Appraisers, Auto Damage appraise automobile or other vehicle damage to
determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of
repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
 
Benchmark Title: Sales Agents and Placers, Insurance
Insurance sales agents sell one or more types of insurance, such as property and
casualty, life, health, disability, and long-term care. Property and casualty insurance agents sell policies that
protect individuals and businesses from financial loss resulting from automobile accidents, fire, theft, storms,
and other events that can damage property. For businesses, property and casualty insurance can also cover injured
workersÆ compensation, product liability claims, or medical malpractice claims.
 
 
Copyright(c) 1997-2011 ICT/Clayton Wallis - All Rights Reserved World Wide - Reproduction/Distribution Prohibited
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CompGeo Insurance Occupation Group Benchmark Job Descriptions
Individual Job/Job Family Salary Surveys: CompGeo Online Associate Insurance Salary Reports
Detailed Occupation Wide Pro Salary Surveys: CompGeo Pro Occupation Group - CompGeo Pro Salary Forecast Reports
CompGeo Occupation Group: Insurance ---- Occupation Wide Salary Forecasts >>
Job Family: Insurance Claims
Benchmark Title: Brokerage Clerks
Brokerage clerks perform a number of different jobs with wide-ranging responsibilities; all involve computing and
recording data pertaining to securities transactions. Brokerage clerks also may contact customers, take orders, and
inform clients of changes to their accounts. Some of these jobs are more clerical and require only a high school
diploma, while others are considered entry-level positions for which a bachelorÆs degree is needed. Brokerage
clerks, who work in the operations departments of securities firms, on trading floors, and in branch offices, also
are called margin clerks, dividend clerks, transfer clerks, and assistants to brokers.
 
Benchmark Title: Claims Examiners, Property and Casualty Insurance
Claims examiners within property and casualty insurance firms may have duties similar to those of an adjuster, but
often their primary primary job is to review the claims submitted to ensure that proper guidelines have been
followed. They may assist adjusters with complex and complicated claims or when a disaster suddenly greatly
increases the volume of claims.
 
Benchmark Title: Insurance Claims and Policy Processing Clerks
Insurance Claims and Policy Processing Clerks process new insurance policies, modifications to existing policies,
and claims forms. Obtain information from policyholders to verify the accuracy and completeness of information on
claims forms, applications and related documents, and company records. Update existing policies and company records
to reflect changes requested by policyholders and insurance company representatives. Excludes Claims Adjusters,
Examiners, and Investigators.
 
 
Copyright(c) 1997-2011 ICT/Clayton Wallis - All Rights Reserved World Wide - Reproduction/Distribution Prohibited
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CompGeo Insurance Occupation Group Benchmark Job Descriptions
Individual Job/Job Family Salary Surveys: CompGeo Online Associate Insurance Salary Reports
Detailed Occupation Wide Pro Salary Surveys: CompGeo Pro Occupation Group - CompGeo Pro Salary Forecast Reports
CompGeo Occupation Group: Insurance ---- Occupation Wide Salary Forecasts >>
Job Family: Underwriting
Benchmark Title: Insurance Underwriters
Insurance Underwriters review individual applications for insurance to evaluate degree of risk involved and
determine acceptance of applications. With the aid of computers, underwriters analyze information in insurance
applications to determine if a risk is acceptable and will not result in a loss. Applications are often
supplemented with reports from loss-control consultants, medical reports, data vendors, and actuarial studies.
Underwriters then must decide whether to issue the policy and the appropriate premium to charge. In making this
determination, underwriters serve as the main link between the insurance carrier and the insurance agent.
 
 
Copyright(c) 1997-2011 ICT/Clayton Wallis - All Rights Reserved World Wide - Reproduction/Distribution Prohibited
Return to CompGeo Salary Survey Benchmark Description Home