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For Educators: Military Resources

Insurance Claims and Policy Processing Clerks

Median Salary
46,900
Job Outlook
-4%

Overview

What are the responsibilities of this role?

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.

What sectors do they work in?

Private for profit

84%

Private not for profit

10%

State and local government

3%

Self-employed

2%

Federal Government

1%

What is the job outlook?

Overall employment of financial clerks is projected to decline 4 percent from 2023 to 2033. About 112,500 openings for financial clerks are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

Compensation

What is the typical salary range?

$28,760

10%

$46,900

Median

$59,130

90%

How does location impact how much salary?

Education

What level of education do professionals in this role have?

Education Level

  • High school

    54%

  • Associate's degree

    21%

  • Some college

    9%

  • Post-secondary certificate

    7%

  • Bachelor's degree

    6%

Which college majors best prepare you for this role?

  • General Office Occupations and Clerical Services

Skills and Interest

Which skill sets are the most valuable to possess?

Skills

  • Verbal Skills

    Mid

  • Leadership

    Mid

  • Math and Science Skills

    Low

  • Technology Design and Control

    Low

  • Equipment Operation and Maintenance

    Low

  • Critical Thinking and Problem Solving

    Low

What knowledge should you bring to the table?

  • Customer and Personal Service
  • Administrative
  • Computers and Electronics
  • English Language
  • Mathematics

What challenges will you likely face in the workplace?

Workplace

  • Repetitiveness

    High

  • Time Pressure

    Mid

  • Decision Making

    Mid

  • Exposure to Job Hazards

    Low

  • Responsibility

    Low

  • Physical Activity

    Low

  • Level Of Competition

    Low

What personality traits help people thrive in this role?

Conventional

You like structure, staying organized, and working with systems to get things done efficiently.

Enterprising

You love taking risks in business or personal projects — and have the leadership skills to back it up.

RIASEC represents six broad interest areas—Realistic, Investigative, Artistic, Social, Enterprising, and Conventional—helping individuals identify careers that match their skills and preferences.

Take the RIASEC Test

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Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.