Claims Manager Salary

With slightly less than two-thirds of Claims Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $41K to $106K per year and averages out to $72K annually. In the world of Claims Managers, overall cash allowance can occasionally include more than $13K from bonuses and, in some exceptional cases, $12K from profit sharing, causing incomes to vary widely between $41K and $106K. Residence is the biggest factor affecting pay for this group, followed by years of experience. Most report receiving medical coverage from their employers and a large number collect dental insurance. Most Claims Managers like their work and job satisfaction is high. Women Claims Managers who took the survey just slightly outnumber men. This overview is based on answers to PayScale's salary questionnaire.

$43,869 - $101,490
(Median)
$44K
$72K
$100K
MEDIAN: $71,780
10%
50%
90%

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$10.39 - $32.98
(Median)
$10
$18
$33
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$43,869 - $101,490  
   
Bonus
$0.00 - $12,786  
Profit Sharing
$1,174 - $11,920  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,737 - $106,370  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 745
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$10.39 - $32.98  
   
Overtime
$0.75 - $46.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $12,786  
   
Profit Sharing
$1,174 - $11,920  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,737 - $106,370  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 63
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Job Description for Claims Manager

A claims manager works in the insurance industry to coordinate and expedite the processing of customers' claims. The claims manager usually holds a management position with oversight for claims processes, helping ensure that any instances of misappropriation or fraud do not occur.

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Claims Manager Tasks

  • Investigates out of guidelines inquiries, and ensures compliance to procedures, proper services and settlement of claims.
  • Report metrics, and assists senior management in developing and establishing policies and procedures.
  • Manages the claims activity for a business unit.
  • Oversees investigations and consultations with legal counsel.

Claims Manager, Insurance Job Listings

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Claims Managers report using a wide range of professional skills. Most notably, facility with Insurance, Litigation Case Management, and People Management are correlated to pay that is significantly above average, leading to increases of 29 percent, 24 percent, and 9 percent, respectively. Customer Service and Customer Relationship Management, on the other hand, are typically associated with much lower pay. People Management is a skill commonly found among those who know Claim Handling.

Pay by Experience Level for Claims Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Salaries of relatively inexperienced workers fall in the neighborhood of $50K, but folks who have racked up five to 10 years see a notably higher median of $64K. Claims Managers with one to two decades of relevant experience report an average salary of approximately $76K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $84K.

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Experience Affects Claims Manager Salaries



National Average
$71,000



Skills That Affect Claims Manager Salaries

Insurance
up arrow 29%

Litigation Case Management
up arrow 24%




Negotiation
up arrow 6%

National Average
$71,000

Claim Handling
up arrow 1%

Customer Relationship Management (CRM)
up arrow 26%

Customer Service
up arrow 37%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 153 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
19%
10-19 years
34%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
medical benefits
Vision: 69%
dental benefits
None: 9%
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