Salary for Insurance 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 Policy Processing Clerks work for insurance companies and process applications for insurance policies as well as make changes to the policy, reinstate the policy and make cancellations. The duties within the position including answering customers questions and concerns, compiling insurance policy data and changes, canceling polies per request, verifying information and accuracy of records and calculating premium amounts, refund amounts and making adjustments into an insurance policy. A high school diploma is required and experience working in an insurance industry is preferred. On-the-job training is offered by companies as well.

An Insurance Policy Processing Clerk will usually earn an average compensation on a scale from 24000 to 36000 depending on experience and domain knowledge. Insurance Policy Processing Clerks can receive a wage of Thirty Six Thousand Four Hundred dollars every year.

Insurance Policy Processing Clerks are compensated the highest in the District of Columbia, where they receive salary pay of approximating $49140. Employees in this career are compensated highest in Public Administration, where they get compensation, on average, 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 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