Insurance risk surveyors, also known as risk analysts or risk advisers, carry out surveys of buildings, machinery, transport and other sites or items that need to be insured.
As a risk surveyor, you would produce reports to help underwriters decide on the terms and conditions of insurance policies. You would normally specialise in one of the following areas:
Fire and Perils – examining plans, construction and fire protection systems to assess the risks to a building and its contents.
Accidents and Liability – assessing the possible risks to employees, customers and visitors to a building or site.
Engineering Insurance – surveying mechanical and industrial plants, machinery and equipment for faults and risks.
Burglary and Theft – inspecting business premises to check security and storage methods.
In all areas, a key part of your work would be to make sure that companies have identified and implemented appropriate risk management strategies, considered possible scenarios and introduced health and safety systems and procedures that address and minimise risks
You would typically work standard office hours, Monday to Friday, although you may sometimes need to work unsocial hours as part of an 'on-call' rota.
Your time would be split between an office and the inspection sites. The job could sometimes involve working outdoors in all weather conditions and at heights.
Trainee salaries are around £22,000 a year. With some risk management and surveying experience, earnings can be between £22,000 and £44,000.
A risk manager can earn between £30,000 and £70,000 a year, potentially much more with board level duties. Top salaries for specialists and managers can reach £100,000 a year.
To become an insurance risk surveyor you will need one of the following backgrounds:
Substantial experience in the insurance industry (usually as an underwriter), or
Qualifications and experience in a related profession like building surveying, health and safety, engineering or fire safety.
You could work for insurance companies or brokers, specialist insurance surveying firms, or risk management consultancies.
In addition, medium to large commercial companies, local authorities, health trusts, fire and rescue service, police authorities and central government are large employers of risk management professionals.
Although risk surveying is not normally an entry-level job, some larger insurance companies run graduate training schemes for new entrants, often requiring at least a class 2:1 degree.
Although any degree subject is acceptable, qualifications in risk management, actuarial science, insurance, business studies, sciences, building surveying or engineering can be particularly useful.
If you are coming to risk surveying from an insurance background, employers will expect you to have achieved professional insurance qualifications, such as the Chartered Insurance Institute (CII) Diploma and Advanced Diploma in Insurance during your career.
For school and college leavers, there may be some entry-level administrative jobs within risk management teams, giving you the opportunity to progress. The Diploma in Business, Administration and Finance can provide a useful introduction to working in this sector.
See the related insurance profiles and online careers resources like Directions from the Financial Skills Partnership (https://www.financialskillspartnership.org.uk) for more information about getting into the insurance industry.
You will be trained on the job, working with an experienced surveyor to gain experience before working alone. Some companies offer in-house training schemes.
If you do not already have professional insurance qualifications, most employers will expect you to qualify as an Associate of the Chartered Insurance Institute (ACII), by studying for the CII Advanced Diploma in Insurance. You can do this through day release, evening classes or distance learning – see the CII's website for more details.
You can also study professional qualifications specific to risk management through the Institute of Risk Management (IRM), including:
You could also progress to the CII MSc in Insurance and Risk Management. In addition, some people study for National Examination Board for Occupational Safety and Health (NEBOSH) qualifications.
Continuing professional development is usually needed to maintain membership status with professional bodies.
The CII and IRM run courses and seminars that can help you to keep your knowledge and skills up to date throughout your career. See websites for details.
Oil Drilling Roustabouts and Roughnecks work as part of a small team on offshore oil or gas drilling rigs or production platforms. Roustabouts do unskilled manual labouring jobs on rigs and platforms, and Roughneck is a promotion from roustabout.
Roustabouts do basic tasks to help keep the rig and platform working efficiently and Roughnecks do practical tasks involved in the drilling operation, under the supervision of the driller.
An Insurance Risk Surveyor needs:
With experience, you could progress to senior surveyor, head of a risk management department, or compliance and governance.
You could also move into insurance loss adjusting.
Financial Skills Partnership,
1st Floor, Unit C, Meadowcourt Business Park,
4 Hayland Street, Sheffield S9 1BY
Tel: 0114 284 1930
Institute of Risk Management,
6 Lloyd's Avenue,
London EC3N 3AX
Tel: 020 7709 9808
Additional resources for job seekers and those already in a job.