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Careers Advice: How To Become an Insurance risk surveyor

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What is an Insurance risk surveyor?

The job of an insurance risk surveyor is to find the various possible financial risks posed by offering insurance on items, properties or sites, both for companies and individuals. This will typically involve specialising in a specific area including accidents and liability, burglary and theft, engineering insurance or fire.

What does an Insurance risk surveyor do?

Tasks will include:

- Completing commercial or personal surveys
- Assessing possible risks
- Taking photographs and completing written details
- Preparing reports and presentations
- Advising clients on how to reduce their risk
- Liaising with other insurance professionals
- Keeping up to date with advancements
- Allocating quality grades

Skills & interests required for an Insurance risk surveyor

To be an insurance risk surveyor you'll need great interpersonal skills, the ability to work both independently and interdependently, the ability to use complex technical equipment, and the ability to inspire confidence in your clients.

- Attention to detail
- IT skills
- Negotiation
- Numeracy
- Verbal Communication
- Written Communication

Working hours

You will typically work from 9am to 5pm, Monday to Friday, although some companies may expect you to periodically be on call for evenings or weekends.

Work base

Time is typically split between an office and the inspection site.

Travel

Depending on the size of the company you work for, travel can be limited to local client sites or involve traveling around the world, especially in the case of multinational companies.

Salary ranges & earning potential

Entry-level salaries for insurance risk surveyors are between £20,000 and £22,000 a year, with slightly higher salaries being received by those taking part in graduate training schemes.

Once you’ve gained a few years of experience, you can expect this salary to increase between £35,000 and £50,000, with additional bonuses and benefits.

For those who progress to management level, this salary then rises again to between £70,000 and £100,000, with those working for the biggest companies earning in excess of this.

Perks & benefits

Companies typically give their employers various benefits including company cars, discounted insurance, free medical or life insurance and pension schemes.

Education requirements

Although there is no official educational requirement, many insurance risk surveyors do have an undergraduate degree.

For those wishing to enter the industry through a graduate training scheme, you typically need to have achieved a 2:1 in any subject (although certain subjects will increase your chances of success).

Useful subjects to study at school & university

- Actuarial science
- Building surveying
- Business studies
- Economics
- Engineering
- Insurance
- Law
- Management
- Risk management

Useful resources

Insurance Information Institute

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