Insurance Specialist Salary at Mcgriff Insurance Services Inc BETA
How much does a Mcgriff Insurance Services Inc Insurance Specialist make?
As of April 2025, the average annual salary for an Insurance Specialist at Mcgriff Insurance Services Inc is $72,390, which translates to approximately $35 per hour. Salaries for Insurance Specialist at Mcgriff Insurance Services Inc typically range from $62,397 to $78,412, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Mcgriff Insurance Services Inc?
At Mcgriff Insurance Services Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Reinsurance: Reinsurance is insurance that is purchased by an insurance company, in which some part of its own insurance liabilities is passed on ("ceded") to another insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred simply as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. A company that purchases reinsurance pays a premium to the reinsurance company, who in exchange would pay a share of the claims incurred by the purchasing company. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that accept reinsurance refer to the business as 'assumed reinsurance'.
- Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
- Actuarial: Actuarial performs complex calculations to determine the likelihood of various outcomes related to accidents, illnesses, consumer demand, and investments.
- Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
- Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
Related Jobs
Check more jobs information at Mcgriff Insurance Services Inc
| Job Title | Average Mcgriff Insurance Services Inc Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Account Coordinator | $96,339 | $46 |
| 3 | Account Manager, Commercial Insurance | $96,339 | $46 |
| 4 | Account Manager, Employee Benefits | $112,423 | $54 |
| 5 | Account Manager, Property & Casualty | $120,806 | $58 |
| 6 | Account Manager, Transportation | $96,109 | $46 |
| 7 | Assistant Vice President | $58,436 | $28 |
| 8 | Benefits Account Coordinator | $45,727 | $22 |
| 9 | Benefits Analyst | $67,989 | $33 |
| 10 | Client Service Agent | $39,700 | $19 |
| 11 | Commercial Account Manager | $73,652 | $35 |
| 12 | Customer Service Representative III | $46,292 | $22 |
| 13 | Insurance Broker | $84,199 | $40 |
Hourly Pay at Mcgriff Insurance Services Inc
FAQ about Salary and Jobs at Mcgriff Insurance Services Inc
The average hourly pay is $35. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $78,412 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $62,397 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.