Underwriters in demand
The insurance market has been relatively stable over the past 12 months with growth pockets emerging in specific areas and job types, according to the latest Hays Salary Survey.
Wednesday, June 6th 2007, 6:04AM
Hays says that salary levels within the insurance sector have achieved moderate growth.
Differentiation within a competitive sector through improved customer service and increasing the quality of the client offering has led to a focus on more highly trained, responsive and efficient front-line and contact centre staff.
Key competencies highlighting these skills have been integrated into the recruitment methodology adopted by companies in order to more accurately assess and induct prospective candidates into the insurance sector.
Hays says underwriting roles continue to be in demand.
People interested in underwriting “will do well to develop their business development and relationship management skills in tandem with their analytical abilities, since most employers seek a combination of these in their underwriting teams”.
It says that a senior underwriter in Auckland will be on a salary of around $80,0000 with a remuneration package range of between $65,000 and $90,000. However the same role in Wellington has a $5,000 higher salary and a remuneration package of between $75,000 and $95,000.
A business development manager in Auckland could expect a salary of $100,000 with a package ranging between $90,000 and $120,000, while the same role in Wellington and Christchurch was significantly lower at $70,000 with a package range of $60,000 to $90,000.
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