Insurance Claims Adjuster Career

Individuals and various businesses protect their properties from theft, accidents and other forms of losses through insurance policies.  In cases where losses happen, they are compensated making a claim to the insurance company.  Such claims are handled by the insurance claims adjuster.  The insurance claims adjuster is tasked to review and investigate the claim, determine the coverage and legitimacy of the policy, interview policyholders, claimants and other member of the community, negotiate on a financial settlement, and authorize claim payments to be made.  In order to succeed, the insurance claims adjuster must have excellent skills in communication, organization and human relations.

How to become an Insurance Claims Adjuster

To become an insurance claims adjuster, one must have a college degree.  A degree in business, law, finance, accounting or any other related field is preferable.  Gain relevant experience in the insurance industry or the products which is being insured by the company.  Employers provide on-the-job training to help one become familiar with the different tasks and responsibilities.  Obtain a license.  Licensing policies and guidelines vary depending on one’s location.  Maintaining one’s license requires one to take continuing education courses.  Obtain a license and a professional certification.  Licensing requirements vary from state to state.  Professional associations such as the National Association of Independent Insurance Adjusters and the National Association of Public Insurance Adjusters will help one in pursuing this type of career.

Insurance Claims Adjuster Courses, training, programs

A business degree program covers courses such as accounting, business law and ethics, management, marketing, economics, business finance, business statistics, accounting transactions, business decisions, and business strategies.  Through the program, one is able to gain not just business knowledge but practical skills as well.

TOP 5 colleges/Universities

Stanford University, California

Harvard University, Massachusetts

Massachusetts Institute of Technology (Sloan), Massachusetts

University of Pennsylvania (Wharton), Pennsylvania

Northwestern University (Kellogg), Illinois

Insurance Claims Adjuster Jobs, opportunities, salaries/pay

The salary of an insurance claims adjuster ranges from $31,600 to $70,356 per year depending on the work location, employer, experience and benefits.  Employment may be found in various insurance companies, banks, and independent adjusting firms.

Category: Insurance Careers

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