Property and Casualty Insurance Claims Examiners: Salary, Job Description, How To Be One and More

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Property and Casualty Insurance Claims Examiners jobs information
pros and cons of being a Property and Casualty Insurance Claims Examiner

Property and Casualty Insurance Claims Examiners

Other names for this job might include Case Manager, Casualty Claims Supervisor, Check Examiner, Claim Auditor, Claims Account Manager, Claims Account Specialist, Claims Adjuster, Claims Analyst, Claims Auditor, Claims Director


  • $64300
    Salary
  • 70%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B



Property Claims Examiners: Know It All In 1 Minute


In this career summary, you will find out what the job of A Property Claims Examiner is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Property and Casualty Insurance Claims Examiners review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. Report overpayments, underpayments, and other irregularities. Confer with legal counsel on claims requiring litigation.

  • Investigate, evaluate, and settle claims, applying technical knowledge and human relations skills to effect fair and prompt disposal of cases and to contribute to a reduced loss ratio.
  • Adjust reserves or provide reserve recommendations to ensure that reserve activities are consistent with corporate policies.
  • Resolve complex, severe exposure claims, using high service oriented file handling.
  • Pay and process claims within designated authority level.

Read more about what does A Property Claims Examiner really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$64300 per year

Hourly wage
$30.91 an hour


Property Claims Examiners with little to no experience tend to make between $37880 and $47590 while the more experienced ones make over $77910 per year.

Top 5 paying statesHourlyAnnual
DC$38.12$79300
AK$34.94$72670
NJ$34.34$71420
CA$33.95$70620
CT$33.65$69990

1 of the easiest ways to increase your salary as A Property Claims Examiner is to move to a higher paying state like DC. Right now, the highest paying states for Property Claims Examiners are DC, AK, NJ, CA and CT.

However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Property Claims Examiner is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Property Claims Examiners make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Property Claims Examiners what degree they had when they got the job and most of them said they had a Bachelors degree followed by High School Diploma.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Health/Medical Claims Examiner
Insurance

Another popular question from our readers is what makes A Property Claims Examiner successful or would they be good in this career.

Well, we found that most successful Property Claims Examiners have these 5 skillsets.

Reading Comprehension
Writing
Active Listening
Speaking
Critical Thinking

In addition to that, 1 common characteristic among successful Property Claims Examiners is they are good at Integrity. Here are the top 5 common characteristics.

Integrity
Dependability
Attention to Detail
Stress Tolerance
Self Control
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Property Claims Examiner and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Property Claims Examiner as your career.

PROS
Suitable for people who likes to follow routines
Suitable for people who wants to work in a supportive work environment
This career is perfect for people who love to work indoors.
Very good salary
CONS
Not suitable for people who likes to work with designs
It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
70%

Is this job meaningful
47%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Property and Casualty Insurance Claims Examiners work More than 40 hours per week.

70% of Property Claims Examiners said they were satisfied with their job and 47% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Organizers and The Persuaders


You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



How we can help

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Rank: B
Salary: $63500

They investigate, analyze, and determine the extent of insurance company’s liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, witnesses, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
Rank: B
Salary: $71230

They obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Rank: B
Salary: $68000

They monitor and evaluate compliance with equal opportunity laws, guidelines, and policies to ensure that employment practices and contracting arrangements give equal opportunity without regard to race, religion, color, national origin, sex, age, or disability.
Rank: B
Salary: $56890

They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
Rank: B
Salary: $70570

They review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.






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Career type

Business and Finance
Insurance Services
Health Informatics

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Related to Property and Casualty Insurance Claims Examiners Career Information

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Additional resources

http://www.bls.gov/OOH/business-and-financial/claims-adjusters-appraisers-examiners-and-investigators.htm
http://www.claim.org/index.cfm
http://www.napia.com/
http://www.theinstitutes.org/

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Property and Casualty Insurance Claims Examiners
Written by: Stanley Tan
Property Claims Examiners review settled insurance claims to determine that payments and settlements have been made in accordance with company practices and procedures. Report overpayments, underpayments, and other irregularities. Confer with legal counsel on claims requiring litigation.
4 / 5 stars

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