Property and Casualty Insurance Claims Examiners: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

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.
  • Supervise claims adjusters to ensure that adjusters have followed proper methods.
  • 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.
Read more about what does a Property and Casualty Insurance Claims Examiner really do at work and what is it like being and working as one.



Become

schools

Interested in becoming ? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

View available schools

Salary

Average salary
$67540 per year

Average hourly wage
$32 per hour


Property Claims Examiners with little to no experience tend to make between $39620 and $50020 while the more experienced ones can earn over $81390 per year.

Top 5 paying statesHourlyAnnual
CT$38$78,590
MA$37$76,150
NJ$36$74,260
DC$36$74,210
AK$35$73,370

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

However, a higher pay at CT doesn’t guarantee that you will make more because the living expenses at CT might be twice as high than where you are currently at now.

Three other factors that can increase your salary as a Property and Casualty Insurance Claims Examiner is the degree you hold, the industry you work in, and lastly the company you work for.


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 Bachelor’s Degree followed by a 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
Read more about how to become a Property and Casualty Insurance Claims Examiner and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being a Property and Casualty Insurance Claims Examiner.

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 work-related skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)

What is the job like

Job satisfaction
70%

Is this job meaningful
47%


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 Entrepreneurs

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.




Learn more about Property and Casualty Insurance Claims Examiners

Summary (You are here)
Job Description
Salary
Requirements
Is This Right For Me

Find a college with the major you want


Related career information

Property Claims Examiners job description, Property Claims Examiners salary, Property Claims Examiners information, what is the job of a Property and Casualty Insurance Claims Examiner like, pros and cons about Property and Casualty Insurance Claims Examiners, colleges and universities for Property and Casualty Insurance Claims Examiners, is Property and Casualty Insurance Claims Examiners the right career for me, careers in Business and Finance

Similar careers

Case Manager, Casualty Claims Supervisor, Check Examiner, Claim Auditor, Claims Account Manager, Claims Account Specialist, Claims Adjuster, Claims Analyst, Claims Auditor, Claims Director

Additional resources



Leave a Reply

Your email address will not be published. Required fields are marked *