Insurance claims & policy processing clerks

Detailed Occupation

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2020 Workforce

281k

Average Age

41.8

Estimated Job Growth

−2.25%

10-year projection

Average Salary

$44,204

Average Male Salary

$54,198

Average Female Salary

$41,671

About

Insurance claims & policy processing clerks are most often employed by the Insurance carriers industry. The average yearly wage for Insurance claims & policy processing clerks was $44,204 in 2016. The top 3 most similar occupations to Insurance claims & policy processing clerks by wage are Medical records specialists, Insulation workers, and Hazardous materials removal workers.

Insurance claims & policy processing clerks are part of the Office & Administrative Support Occupations, along with Firstline supervisors of office & administrative support workers, Switchboard operators, including answering service, Telephone operators, Communications equipment operators, all other, Bill & account collectors, and 45 more.

The top 3 locations that employ the most Insurance claims & policy processing clerks are McLean County PUMA, IL, Hillsborough County (South County) PUMA, FL, and West Des Moines & Urbandale Cities PUMA, IA. The top 3 locations with a relatively high concentration of Insurance claims & policy processing clerks are Eastlake, Wickliffe, Willoughby & Willowick Cities PUMA, OH, McLean County PUMA, IL, and Jacksonville City (North & West) PUMA, FL.

Employment

Information on the businesses and industries that employ Insurance claims & policy processing clerks and on wages and locations for those in the field. Insurance carriers is the industry that employs the most Insurance claims & policy processing clerks, both by share and by number, though the highest paid industry for Insurance claims & policy processing clerks, by average wage, is Public finance activities. Insurance claims & policy processing clerks are paid most in Puyallup City & South Hill PUMA, WA but are relatively concentrated in Eastlake, Wickliffe, Willoughby & Willowick Cities PUMA, OH.

Yearly Wage

$44,204

AVERAGE SALARY

± $1,665

In 2020, Insurance claims & policy processing clerks earned an average of $44,204, $11,750 less than than the average national salary of $55,954.

Medical records specialists make somewhat more than Insurance claims & policy processing clerks while Hazardous materials removal workers make somewhat less. This chart shows the various occupations closest to Insurance claims & policy processing clerks as measured by average annual salary in the US.

Wage Distribution

0.299

WAGE GINI

In 2015, Insurance claims & policy processing clerks had a wage GINI coefficient of 0.299, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Insurance claims & policy processing clerks (shown in red) than for the overall labor force (shown in gray).

Wage by Location

HIGHEST PAYING PUMAS

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Insurance claims & policy processing clerks.

Spatial Concentration

PUMAs with a Relatively High Concentration of Insurance claims & policy processing clerks

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Insurance claims & policy processing clerks.

Most Common

The most common industries employing Insurance claims & policy processing clerks, by number of employees, are Insurance carriers, Agencies, brokerages, and other insurance related activities, General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals, Offices of physicians, Offices of dentists, Outpatient care centers, Other health care services, Banking & related activities, Business support services, Administration of human resource programs, and Offices of optometrists.

Highest Paying

The highest paying industries for Insurance claims & policy processing clerks, by average wage, are Public finance activities, National security & international affairs, and Labor unions.

Industries by Share

281k

2020 Workforce

± 13,007

−10.4%

1 YEAR GROWTH

± 7.11%

The number of people employed as Insurance claims & policy processing clerks has been declining at a rate of −10.4%, from 313,930 people in 2019 to 281,207 people in 2020.

This graphic shows the share of Insurance claims & policy processing clerks employed by various industries. Insurance carriers employs the largest share of Insurance claims & policy processing clerks at 62.5%, followed by Agencies, brokerages, and other insurance related activities with 16.2% and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals with 4.98%.

Diversity

Demographic information on Insurance claims & policy processing clerks in the US. The average age of male Insurance claims & policy processing clerks in the workforce is 38.7 and of female Insurance claims & policy processing clerks is 42.5, and the most common race/ethnicity for Insurance claims & policy processing clerks is White (Non-Hispanic).

Composition by Sex

56.9k

MALE WORKFORCE

± 5,853

224k

FEMALE WORKFORCE

± 11,620

79.8% of Insurance claims & policy processing clerks are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Insurance claims & policy processing clerks.

Race & Ethnicity

Most Common Race or Ethnicity of Insurance claims & policy processing clerks

White (Non-Hispanic)
Black (Non-Hispanic)
White (Hispanic)

62.1% of Insurance claims & policy processing clerks are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 18% of Insurance claims & policy processing clerks, Black (Non-Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Insurance claims & policy processing clerks.

Age by Sex

38.7

AVERAGE MALE AGE

± 1.33

42.5

AVERAGE FEMALE AGE

± 0.678

The median age of Insurance claims & policy processing clerks is 41.8, and Male employees are generally 3.85 years younger than than their Female counterparts.

Education

Data on higher education choices for Insurance claims & policy processing clerks from The Department of Education and Census Bureau. The most common major for Insurance claims & policy processing clerks is Business but a relatively high number of Insurance claims & policy processing clerks hold a major in Liberal Arts & Humanities.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

Skills

Data on the critical and distinctive skills necessary for Insurance claims & policy processing clerks from the Bureau of Labor Statistics. Insurance claims & policy processing clerks need many skills, but most especially Active Listening, Speaking, and Reading Comprehension. The revealed comparative advantage (RCA) shows that Insurance claims & policy processing clerks need more than the average amount of Mathematics, Active Listening, and Speaking.

Radar Distribution

Bar Chart

Projections

Projections on job growth for Insurance Claims and Policy Processing Clerks from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Insurance Claims and Policy Processing Clerks are expected to see a growth of −2.25% over the same period. This occupation is expected to grow less than the national average.

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Insurance Claims and Policy Processing Clerks.

−2.25%

Estimated Job Growth

10-year Projection

3.71%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Insurance Claims and Policy Processing Clerks. This profession is expected to grow less than than 3.71%, the average rate of national job growth.