Earning $86K annually on average, Senior Underwriters receive the most money, followed by Senior Claims Adjusters (about $66K), Claims Examiners and Investigators ($58K), and Insurance Claims Specialists ($54K). Insurance Sales Representatives are among the lowest paid at a median salary of approximately $32K.
Years of Experience
Average pay is around $70K per year for those with five to nine years of experience. When we consider tenure, a substantial portion of employees (34 percent) have been working for one to four years and make approximately $59K annually on average.
When it comes to location, the highest average paycheck (about $78K per year) can be spotted in Dover, N.H.; Portsmouth, N.H. ($77K), Seattle, Wash. ($77K), and the company's headquarter city of Boston, Mass. ($74K) are the next top-paying cities. Portland, Ore. ranks low on the pay scale — at around $52K, it is one of the lowest-paid cities. By state, the highest compensation levels appear in New Hampshire, where the average salary is about $78K annually.
Certifications and Degrees
Project Management Professionals earn around $95K per year, far more than their non-accredited counterparts. Certified Public Accountants also rank high on the pay scale, with expected average earnings of $88K annually. At Liberty Mutual Insurance Group, employees who hold a Master of Business Administration (MBA), Finance receive the highest salaries at approximately $131K.
When it comes to skills, Project Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $89K per year. Customer Service is regularly seen around here; approximately one in four of those surveyed report it as a core competency. Insurance, Claim Handling, and Negotiation round out the set of key employee skills.
Benefits and Perks
Employees can save for retirement by joining one of several savings plans such as a 401(k) plan and a company pension plan. Liberty Mutual Insurance Group provides health insurance to the vast majority of employees, and a large number of survey participants do receive dental coverage. Liberty Mutual Insurance Group folks also make good use of life insurance, tuition reimbursement, a casual working environment, and flexible hours.