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Salary and Benefits

Claims Specialist
$45K-$55K / yr. (est.)
$45K
$50,360 / year
$55K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Claims Specialist

What does a Claims Specialist do?

As Claims Specialists, we play a critical role in the home, automobile, business, and home insurance industry. Our main responsibilities are processing claims, verifying insurance covers, reviewing insurance premiums, and negotiating for settlements of insurance cases. We investigate and analyze complicated and challenging insurance claims to help in fraud prevention. Our tasks include detailed site inspection, assessing compensation, reviewing court verdicts and new claim reports, and providing informed court testimonies. We also uphold timely communication with clients and insurance departments. We are responsible for claims resolutions, up dating on local, regional, and state law changes in the insurance industry.

Core tasks:

  • settling insurance claims
  • preventing insurance claims fraud in the insurance industry
  • analysing insurance claims
  • communicating with insurance departments and clients

Insights

How Many Years of Experience Do Professionals Need Before Becoming Claims Specialist?
On average, people work 5-7 years in other positions prior to becoming a Claims Specialist.
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Claims SpecialistSeattle, WA - 9 months ago
what a load of crap! 5-7 years? I'm better than that! πŸ˜’
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6 months ago
after 30 years in claims with several companies and many claim types, it seems same everywhere -- turnover is high everywhere either by design, or poor management mentorship, as it saves money, Hire young and inexpensive, move out the higher paid, experienced people and meet budget goals. beware when they bring in upper management from outside rather than promoting their own, who know the company and mission, as a decent job can become an overworked nightmare overnight. it will never be said, but IMHO, its done to reduce personnel and better the bottom line thru an outsider rather than a long term employee who knows the folks being cut. personnel cost the company considerable money considering not just salary, but insurances, taxes, benefits, time off, making raises with experience adding to that cost. doing a good job is not going to save you, but add to the workload until the days are so long, domestic issues start, burn out sets in, and quality starts to slide - a perfect basis for replacement with less expensive (or experienced) people. unfortunately, the customers suffers the most in the shuffle.
How Long Do Claims Specialist Employees Typically Stay in Their Roles?
On average, Claims Specialists works in this position for 5+ years across multiple employers.
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Insurance AgentHouston, TX - 9 months ago
Wow, it's inspiring to know that Claims Specialists spend so many years dedicated to this career. It must be rewarding to become a true master of the claim process! 😍
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Risk AnalystPhiladelphia, PA - 9 months ago
I question the statistics provided here. Not all Claims Specialists stick around for that long. Nowadays, many move onto more profitable insurance-related jobs within a few years, trust me. πŸ™„
What Is the Job Hopper Score for Claims Specialist Employees?
Moderate job changes in Claims Specialist, showing some career movement without excessive turnover.
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LawyerHouston, TX - 9 months ago
You may call claims specialist a 'moderate' job, but anyone dealing with legal aspects knows the real power lies in advocating for clients with the law on your side!
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Administrative AssistantPhiladelphia, PA - 9 months ago
😠 Why not appreciate the importance of claims specialists? They keep things running smoothly, no matter how many files come through!

Career path

Path to job

Discover a Claims Specialist's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Claims Specialist typically studied at.
Arizona State University-Tempe
Illinois State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Claims Specialist Employees?
Gender ratio in Claims Specialist position: 0.477546282153113 Male and 0.522453717846887 Female. Age ratio in Claims Specialist position: 16-20: 7%, 21-30: 66%, 31-40: 18%, 41-50: 7%, 51-60: 2%, 60+: 0%. Claims Specialist position is predominantly female (52.2%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Claims SpecialistNew York City, NY - 9 months ago
As someone who just entered the field, it's reassuring to see so many in my age range of 21-30 pursuing a career in Claims Specialist! πŸ’ͺ
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Claims SpecialistDallas, TX - 9 months ago
What's the reason behind the gender imbalance? It's interesting to think about the factors that contribute to it. πŸ€”

Workplaces

Who Are the Top Employers for Claims Specialist?
Top employers of Claims Specialist position: Liberty Mutual Insurance, Nationwide, Progressive Insurance. People who work in Claims Specialist position most typically go on to work for the Liberty Mutual Insurance.
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Claims SpecialistHouston, TX - 10 months ago
Y'all are missing the point! I've worked for multiple insurance companies, and none of them treat their Claims Specialists right. It's all about productivity and profits, no matter the name of the company.
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Claims SpecialistMiami, FL - 9 months ago
Can't we all just agree that regardless of the employers, being a Claims Specialist is a demanding job with long hours and immense responsibility? Let's support each other instead of tearing each other down.
Liberty Mutual Insurance
Nationwide
Progressive Insurance
What Industries Does Claims Specialist Typically Have Experience In?
Industry Background: The most typical industries of Claims Specialist: Finance & Insurance, Health Care, Public Administration, Administrative & Support, Professional / Scientific / Technical. Claims Specialist employees most likely come from a Finance & Insurance industry background.
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Claims SpecialistHouston, TX - 9 months ago
Y'all just jealous of us Claims Specialists! We have to deal with demanding clients and complex paperwork every day. It's not as easy as you think! πŸ™„
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Claims SpecialistPhoenix, AZ - 9 months ago
Being a Claims Specialist means being a punching bag for frustrated customers. πŸ₯Š But hey, at least we make sure they get the coverage they deserve, right?

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Discussion about Claims Specialist

Want to know more about Claims Specialist position?
Share your thoughts and ideas about Claims Specialist position with others in our community.
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Do a lot of women work as a Claims Specialist?
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Isabella Holmes3 years ago
50% are women in this profession.
What is the typical age to work as a Claims Specialist?
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Liam Brown3 years ago
The typical age is 28 for a Claims Specialist.
How much experience do you need to work as a Claims Specialist?
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Liam Brown3 years ago
On average, people have 6 years of experience when they start working as a Claims Specialist
Which industries does a Claims Specialist typically work in?
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Benjamin Gardner3 years ago
For a Claims Specialist it’s the most likely to work in the Finance & Insurance.
What kind of higher education a Claims Specialist need?
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Sophie Hayes3 years ago
As a Claims Specialist you’ll probably need No higher education
Which company is likely to have openings for Claims Specialist positions?
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Liam Brown3 years ago
It’s common for a Claims Specialist to work for Liberty Mutual Insurance, Nationwide, Progressive Insurance, Social Security Administration and State Farm
How long do you usually work as a Claims Specialist before changing to another position?
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Liam Brown3 years ago
A Claims Specialist typically moves on after more than 5 years
How common is it for a Claims Specialist to jump from company to company?
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Isabella Holmes3 years ago
a Claims Specialist is not a typical job hopper, but might change companies.
What jobs do people work in before becoming a Claims Specialist?
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Isabella Holmes3 years ago
A Claims Specialist probably worked as Claims Representative, Claims Adjuster or Customer Service Representative before
What typical professions people working as a Claims Specialist switch to?
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Isabella Holmes3 years ago
Senior Claims Specialist, Claims Manager or Claims Representative can be a good next step
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