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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| 07-01-2014 11:16 AM | ||
| Unregistered |
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| 07-01-2014 01:16 AM | ||
| Unregistered | can any experienced insurance professional share about the career prospects and pay for actuaries, underwriters, loss adjusters and brokers? heard that reinsurance brokers can earn alot? | |
| 08-08-2011 03:16 PM | ||
| Unregistered |
How much is the singapore loss adjuster salary + allowance Hi all, just want check with you all, how is the pay in singapore working as loss adjuster with 2 years ++ experiance? Actually i working in malaysia as a loss adjuster and i feel my salary is underpaid. so wondering if working in sg is how much? I m a certificate holder in building services and working in malaysia adjusting firm about 2 years+ in general claim. Is that possible find adjuster work in sg? Normally how much they pay i.e. c/w allowance. |
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| 18-05-2011 04:16 PM | ||
| Unregistered |
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Thanks for the advice so far. Yup, I would be getting the ACII and I have just certifed my true copies at SCI. Well, on a side note, I am just thankful that I am able to contribute to the society and my family with this occupation, in this volatile job market that seems to claim many people's rice bowl. |
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| 16-05-2011 12:58 PM | ||
| Unregistered |
rserver House You have a part to play in creating your market value. The other part is created by the recruiter representing you. If you have 5 years of experience handling small claims such as small fire in residential houses, go to only insurer. Since you are an ex-Police on motor investigation, motor claim may be keen on you. From those salary indicated on jobsite, maybe $3 - $5k per month as a senior executive / AM. You may want to note that insurers pay varies from X 12 to X 14.5 months. As compared to experiences in complex claims such as engineering claims and big fire losses in factory, reinsurer then may be keen. Salary indicated may hit $70k - $80k pa. A friend manages to catch a claim job with <$100k. First thing first, go get yourself a ACII |
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| 15-05-2011 12:06 AM | ||
| Unregistered |
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Based on your understanding, what is the pay scale I can look forward to, in this line of work? It's a professional job but the pay, understandably doesn't equate those as of accountants, lawyers etc. How much would a reinsurance claims handler fetch in remuneration? say, 5 yrs experience in loss adjusting. This would help in my limited understanding of market value I can project myself 5 years down the road. |
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| 13-05-2011 11:37 PM | ||
| Unregistered |
Once u become a director or run ur own loss adjustor firm, u get paid by assignments. There is a fee guide somelike that min $A, $X for $Y of claim paid. If you hoot 1 big big claim in million, u may be able to charge a high 5-digit fee for your services. These type normally handle by directors level. U may be lucky if ask to assist and have some share in the fee. Most new loss adjustors in the market do not last long... U will likely get those shitty assignments like burst sewerage pipe, graveyard shift, etc. or u have some directors who appeared once and claim most % of your fee. With the experience, you may consider a job in insurance or reinsurance claim handler or underwriter |
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| 13-05-2011 04:45 PM | ||
| Unregistered | There was infact an article about the work of a MotorCar Insurance Investigator in Strait Times. Two to three months ago, I think it was on Classified back page on a Saturday/Sunday copy. Perhaps you can call up Strait times to ask about the article. Sorry, i just cannot recall when it was published. But i remember reading about it because it was an interesting article about the challengers of the work scope. | |
| 12-05-2011 10:49 PM | ||
| lossadjuster |
Another thing... what are the prospects of a Loss Adjuster? Where can I look forward to and what is the pay range for this path? I tried searching in the internet but the answers are not to easy to obtain unlike brokers, financial advisers, banker, civil servants, etc.. |
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| 12-05-2011 10:47 PM | ||
| lossadjuster |
Loss adjuster starting pay? Hi all, I just started working for about 1 mth as a motor investigator in a loss adjusting company, getting 2.8k gross pay. I have a degree and using that, I have the post nominals of 'Senior Associate (CIP) with ANZIIF' and 'ASII'; but I do not have ACII at the moment, as I would need to take an advance dip with Chartered Institute of Insurance (CII). Now, despite working for only 1 mth, the chairman noticed my zeal for success with hard work, he offered me to transfer to another department as a Loss Adjuster, which will be handling general insurance claims such as Public Liability, Property Liability and perhaps marine, etc. However, I don't think the pay would be adjusted and based on the work load I am projected to handle, am I still worth 2.8k? Please take into consideration that I am currently 34, with investigation experience in Police, LTA, etc. Having said that, I understand that these experience wont matter in General Insurance, as they are of a different skill set. Should I take up the offer and work as a Loss Adjuster with the same pay (2.8k)? Thank you to all friends out there. |
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