Process new insurance policies, modifications to existing policies, and claims forms. Obtain information from policyholders to verify the accuracy and completeness of information on claims forms, applications and related documents, and company records. Update existing policies and company records to reflect changes requested by policyholders and insurance company representatives.
Insurance Claims and Policy Processing Clerks
SOC: 43-9041 O*NET: 43-9041.00
Median Salary
$48,450
per year
Job Growth
📉 -3.7%
Slower (2024-2034)
Annual Openings
20.3
projected jobs/year
Education Level
High school diploma or equivalent
Job Zone 2
Process new insurance policies, modifications to existing policies, and claims forms. Obtain information from policyholders to verify the accuracy and completeness of information on claims forms, applications and related documents, and company records. Update existing policies and company records to reflect changes requested by policyholders and insurance company representatives.
Overview
Compensation & Benefits
Salary Distribution by Percentile
Understanding where you might fall in the salary range based on experience and location.
10th
$29,070
25th
$38,760
50th (Median)
$48,450
75th
$58,140
90th
$72,675
Percentile Explained: If you're in the 75th percentile, you earn more than 75% of workers in this occupation. Entry-level positions typically fall in the 10th-25th percentile range, while experienced professionals often reach the 75th-90th percentile.
Typical Benefits Package
Health & Wellness
- ✓Health Insurance
- ✓Dental Insurance
- ✓Vision Insurance
- ✓Mental Health Support
- ✓Wellness Programs
Financial Benefits
- ✓401(k) Retirement Plan
- ✓Employer Match (typically 3-6%)
- ✓Profit Sharing
- ✓Stock Options
- ✓Performance Bonuses
Work-Life Balance
- ✓Paid Time Off (15-25 days)
- ✓Paid Sick Leave
- ✓Flexible Work Arrangements
- ✓Remote Work Options
- ✓Parental Leave
Professional Development
- ✓Tuition Reimbursement
- ✓Professional Certifications
- ✓Conference Attendance
- ✓Training Programs
- ✓Mentorship Opportunities
Note: Benefits vary widely by employer, company size, and location. Large corporations and tech companies often offer more comprehensive packages, while small businesses may offer fewer benefits but more flexibility. Always review the complete compensation package, not just base salary.
Job Market Intelligence
Job Market Intelligence
Low Demand
Market demand
Medium Risk
Automation risk
Current Employment
National Employment:256,700
10-Year Outlook
Growth Rate:-3.7%
Annual Openings:20,300
Employment Projections
2024 (Current)256,700
Current
2034 (Projected)247,200
-3.7%
-9,500
Employment Change
-3.7%
Growth Rate
10
Year Projection
Growth Category: Decline
Key Growth Factors
- •Employment decline projected
Top Skills
✓
Time Management
Time Management
✓
Reading Comprehension
Reading Comprehension
✓
Speaking
Speaking
✓
Active Listening
Active Listening
✓
Critical Thinking
Critical Thinking
✓
Coordination
Coordination
✓
Social Perceptiveness
Social Perceptiveness
✓
Writing
Writing
✓
Service Orientation
Service Orientation
✓
Complex Problem Solving
Complex Problem Solving
Key Knowledge Areas
✓
Customer and Personal Service
✓
Administrative
✓
English Language
✓
Computers and Electronics
Education & Training
Education Required
High school diploma or equivalent
Experience Required
Some previous work-related skill, knowledge, or experience may be helpful
Job Training
Training of a few months to a year