Claims Manager, Insurance Salary (Canada)
The average pay for a Claims Manager, Insurance is C$75,274 per year. Most people in this job have more than five years' experience in related jobs.
|Salary||C$54,776 - C$96,092|
|Bonus||C$513 - C$10,265|
|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).)
|C$55,107 - C$100,108|
Job Description for Claims Manager, Insurance
An insurance claims manager work with the claims adjusters to ensure that the all insurance claims are handled correctly. They review each adjuster's work periodically and check to make sure the final adjustment before the claim has been completed correctly. While often not involved in the day-to-day operations of claim adjusting, insurance claims managers are ultimately responsible for the work completed by the adjustors that they supervise; this includes ensuring that employees are following all company guidelines.Read More...
Insurance claims managers are responsible for ensuring that all employees receive the necessary training to perform their jobs. They must also make sure that all employees are up to date on all policy changes, as well as receive continuing education related to their position. Additionally, the manager is the first point of contact for any employees having questions about unusual circumstances or when they encounter new items that were not covered in their training. The manager is expected to know each of the plans that the company offers, as well as current discounts and other factors affecting each policy.
A bachelor's degree in business or a related field is generally required for this position; some employers may accept equivalent experience in lieu of a degree. The insurance claims manager must be a team player, as well as an effective manager who ensure that all deadlines are met and claims are completed in a timely manner. The manager should also be able to effectively communicate orally and in written form. (Copyright 2018 PayScale.com)
Claims Manager, Insurance Tasks
- Manages the claims activity for a business unit.
- Oversees investigations and consultations with legal counsel.
- 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.
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