Insurance Policy Processing Clerks

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Insurance Policy Processing Clerks

Careers / Insurance Policy Processing Clerks

Job Description


	Process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party's specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.

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Job Requirements


	Experience: Some previous work-related skill, knowledge, or experience is usually needed. For example, a teller would benefit from experience working directly with the public.

	Education: These occupations usually require a high school diploma.

	Training: Employees in these occupations need anywhere from a few months to one year of working with experienced employees. A recognized apprenticeship program may be associated with these occupations.

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Significant Points


	(Abstract from Career Articles)

	Financial Clerks

Financial clerks do administrative work for many types of organizations. They keep records, help customers, and carry out financial transactions. Financial clerks work in a variety of office settings, including bank branches, medical offices, and government agencies. Most work full time. A high school diploma is typically required for most financial clerk positions. These workers usually learn their job duties through on-the-job training. The median annual wage for financial clerks was $37,040 in May 2015. Employment of financial clerks is projected to grow 6 percent from 2014 to 2024, about as fast as the average for all occupations. Employment growth will vary by specialty. Explore resources for employment and wages by state and area for financial clerks. Compare the job duties, education, job growth, and pay of financial clerks with similar occupations. Learn more about financial clerks by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.
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Top Ten Industries

U.S. National Figures.

Insurance Claims and Policy Processing Clerks
Agencies, Brokerages, and Other Insurance Related Activities	116,490
Insurance Carriers	113,980
Management of Companies and Enterprises	6,750
Management, Scientific, and Technical Consulting Services	4,340
Employment Services	4,050
General Medical and Surgical Hospitals	2,680
Offices of Physicians	2,390
Accounting, Tax Preparation, Bookkeeping, and Payroll Services	2,300
Business Support Services	1,870
Credit Intermediation and Related Activities (5221 And 5223 only)	1,720

Career Video

Title: "Insurance Claims and Policy Processing Clerks"

Duration: 01:51

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Salaries

U.S. National Averages.

Insurance Claims and Policy Processing Clerks
Average Annual Salary	$42,150
Average Hourly Wage	$20.26
Total Employment	274,560