Claims Manager Salary

Just under two-thirds of Claims Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $41K to $106K per year, but median earnings come to around $72K annually. In the world of Claims Managers, overall income ranges from $41K near the bottom to $106K at the top; this can include more than $13K from bonuses and more than $12K from profit sharing in exceptional cases. Residence is the biggest factor affecting pay for this group, followed by career length. Most Claims Managers like their work and job satisfaction is high. Most report receiving medical coverage from their employers and a large number collect dental insurance. Women make up a slight majority of Claims Managers (58 percent) survey respondents. Figures cited in this summary are based on replies 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 seem to require a number of specific 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. Those listing Customer Service and Customer Relationship Management as skills, on the other hand, should be prepared for drastically lower pay. Claim Handling and People Management are also commonly seen together.

Pay by Experience Level for Claims Manager

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


For many Claims Managers, more experience generally translates to higher pay. The average worker who claims fewer than five years of experience earns around $50K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $64K. The average pay reported by folks with 10 to 20 years of experience is around $76K. Claims Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $84K.

Related Job Salaries

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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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