The average salary for a Claims Manager with Claim Handling skills is $76,640.
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What Do Claims Managers Do?
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.
Many insurance claims are processed in the private sector by independent insurance agents, who submit payment proceedings to the company. In the field of health insurance, these claims are submitted by medical profes…Read more
Popular Employer Salaries for Claims Manager
The top respondents for the job title Claims Manager are from the companies State Farm Insurance Company, Cigna Corporation and Nationwide Mutual Insurance Company. Reported salaries are highest at State Farm Insurance Company where the average pay is $114,988. Other companies that offer high salaries for this role include Nationwide Mutual Insurance Company, earning around $105,849. Cigna Corporation pays the lowest at around $43,284. Farmers Insurance Group also pays on the lower end of the scale, paying $96,835.
Claims Manager Job Listings
What Are Popular Skills for Claims Managers?
Skills in People Management, Operations Management, Insurance and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Risk Management / Risk Control.
What is the Pay by Experience Level for Claims Managers?
An early career Claims Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $62,668 based on 92 salaries. A mid-career Claims Manager with 5-9 years of experience earns an average total compensation of $70,437 based on 95 salaries. An experienced Claims Manager with 10-19 years of experience earns an average total compensation of $80,965 based on 153 salaries. In their late career (20 years and higher), employees earn an average total compensation of $87,964.
Pay Difference by Location
Employees with Claims Manager in their job title in San Diego, California earn an average of 15.8% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (7.0% more) and Chicago, Illinois (1.9% more). The lowest salaries can be found in Phoenix, Arizona (8.6% less), Miami, Florida (0.8% less) and Dallas, Texas (0.6% less).
Years of Experience
This data is based on 475 survey responses.