Insurance Claims Representative Career


A person who had availed of an insurance policy is protected against financial loss.  But should a policy holder experience an accident, injury, death, illness, or damages in property; one is eligible for an insurance claim.  But before one can claim financial compensation, insurance claims are investigated on.  An insurance claims representative determines the amount of money is to be given to the client after investigation. Aside from that, the insurance claims representative, is tasked to determine claim validity, gather information, estimate the damages, and negotiate a settlement.  He can deny or accept the claim in behalf of the company.

It is responsibility to make sure that claims are valid and not fraudulent. He is to handle statements, make the necessary consultations, and examine records and photos before making a detailed final report.  Wirth this type of career, one has to have a background in business or other business-related degrees.

How to become an Insurance Claims Representative

To become an insurance claims representative, one must earn an associate or bachelor’s degree in business, risk management, insurance studies, or other related fields.  One must also know the medical and legal terms used.  Skills in communication, math, and computer applications are required. One must be able to negotiate and make detailed investigation of cases..

Insurance Claims Representative Courses, training, programs

A business degree helps one gain the necessary knowledge and skills required for this type of career.  Through the program, one gains background in various areas such as accounting, business law and ethics, management, marketing, economics, business finance, business statistics, accounting transactions, business decisions, and business strategies.  The program also includes courses that allow the student to gain practical skills.

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 Representative Jobs, opportunities, salaries/pay

An insurance claims representative may earn from $27,606 to $68,442 per year depending on the work location, employer, experience, and benefits.  Employment may be secured in industries such as insurance, insurance carrier, commercial insurance, health insurance, and healthcare.

Category: Banking Careers

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