Insurance Claims and Policy Processing Clerks

General Information

Description

Process new insurance policies, modifications to existing policies, and claims forms. Obtain information from policyholders to verify the accuracy and completeness of information on claims forms, applications and related documents, and company records. Update existing policies and company records to reflect changes requested by policyholders and insurance company representatives.

Business Breakdown

People in this career work in these sectors.

  1. Private, for profit89.86%
  2. Private, not for profit6.17%
  3. State and local government1.82%
  4. Self-employed1.29%
  5. Federal government0.77%

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Finance

Job Outlook

Overall employment of financial clerks is projected to decline 3 percent from 2021 to 2031. Despite decliningemployment, about 130,500 openings for financial clerks are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.

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Salary

Average Salary

Salary

$45,520

State-by-state Salary

Gray states indicate no data available

$60,870
$23,050
No Information for this section

Education

Most Common Education Levels

People in this career achieve this level of education.

  • High school 54%
  • Associate's degree 21%
  • Some college 9%
  • Post-secondary certificate 7%
  • Bachelor's degree 6%
  • Master's degree 0%
  • Doctoral degree 0%
  • Post baccalaureate 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%

Related College Majors

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Knowledge

  • Customer and Personal Service
  • Administrative
  • Computers and Electronics
  • English Language
  • Mathematics

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership
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