An insurance collector is a professional working in the insurance industry that collects the premium payments from insurance takers periodically. The insurance collector tracks the dues of premium to be paid by the customers and imposes fine as appropriate. Candidates who would like to become insurance collectors should have knowledge of the insurance industry and specifically in the claims department. The following are some of the essential points to be kept in mind if one is aiming to become an insurance collector.

How to become an Insurance Collector:

In order to become an insurance collector there is no mandatory education or work experience requirement. Employers would look forward to candidates who at least have a bachelor’s degree in accounting or finance. A work experience in any junior level position or possessing an internship would give the students a definite advantage over the others.

Insurance Collector career courses, training, programs:

There are multiple career courses and training programs that interested students can opt for and gain the necessary knowledge like insurance industry scenario, account receivables, premium collections, etc.

Insurance Collector career schools/colleges, education:

Candidates can gain the domain know-how of the insurance industry by getting educated into the following schools and universities. Candidates should also pursue live projects or apprenticeships in insurance firms to gain in-depth work related knowledge.

Top 5 colleges/universities:

Boston College of Engineering and Management

California Polytechnic State University

Herzing University

University of Arizona

Syracuse University

Insurance Collector job opportunities, salaries/pay:

Candidates can work as insurance collectors in a wide range of industries like financial services, life insurance, general insurance, etc. According to the salary estimates of Pay Scale and released in the form of the National Salary data, the annual compensation of an insurance collector is about $33,000 to $68,000 per annum. The average salary is about $48,000 per annum. Pay Scale has conducted extensive research in the US and have done these projections.