Salary for Insurance Claims and Policy Processing Clerks

Also known as:  Insurance Claims Clerk, Insurance Clerk, Insurance Examining Clerk, Insurance Policy Issue Clerk, Underwriting Assistant, Underwriting Clerk helps finance professionals find better paying jobs across all specialties and locations.

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Insurance Claims and Policy Processing Clerks work inside of insurance agencies and provide numerous duties related to claims that are filed. They can also process new insurance policies, make modifications to current policies and obtain information from a policyholder to ensure accuracy of their claim and assist with other related documents. All changes and additions that are made should be documented. It is helpful to have experience working in the insurance industry and good clerical and computer skills are required. A high school diploma or GED is also needed.

An Insurance Claims or Policy Processing Clerk can receive salaries somewhere between 24000 and 36000 depending on seniority levels. Insurance Claims and Policy Processing Clerks usually receive an average pay level of Thirty Six Thousand Four Hundred dollars each year.

Insurance Claims and Policy Processing Clerks can make the most money in the District of Columbia, where they receive salary pay of approximating $49140. These professionals are paid at the highest level in Public Administration, where they get an average salary rate of $44110.

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The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 18.87 percent nationwide in that time.
Insurance Claims and Policy Processing Clerks tend to make the most in the following industries
Transportation and Warehousing $44,110
Public Administration $40,730
Manufacturing $40,260
Other Services (except Public Administration) $39,820
Management of Companies and Enterprises $37,610
Finance and Insurance $36,420
In general, they earn less within the industries below
Retail Trade $31,960
Real Estate and Rental and Leasing $32,010
Information $32,520
Educational Services $32,700
Professional, Scientific, and Technical Services $34,180
Health Care and Social Assistance $34,830