Claim Manager Salary at Frmt Ltd BETA

How much does a Frmt Ltd Claim Manager make?

As of March 2025, the average annual salary for a Claim Manager at Frmt Ltd is $106,770, which translates to approximately $51 per hour. Salaries for Claim Manager at Frmt Ltd typically range from $95,698 to $117,077, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Website:
frmtltd.org
Size:
25 - 50 Employees
Revenue:
<$5M
Industry:
Software & Networking

FRMT, Ltd. was formed in September 1996 in Hamilton, Bermuda as a reinsurance company owned by 12 national college fraternities and begun its first underwriting year on October 1, 1996. On October 1, 2007, the organization completed the domestication process and a move from Bermuda to Vermont USA, and now includes 33 member fraternities. Growth in the organization is a testament to its focus upon reducing the dependence of its member fraternities upon the commercial insurance market and allowing each member and the collective group to obtain a greater control over their future insurance needs and costs. Since its founding FRMT, Ltd has partnered with RSUI, Inc. Until 2003 RSUI was also known as Royal Specialty Underwriting, Inc. and issued the insurance contracts with Royal Surplus Lines Insurance Company that insured each member fraternity. FRMT, Ltd then reinsured a portion of the risk assumed by Royal Surplus Lines Insurance Company. In 2003 Royal/Sun Alliance, the parent company of Royal Surplus Lines Insurance Company, made a decision to discontinue writing insurance business in the United States and RSUI was sold to Alleghany Insurance Holdings and renamed Resurgens Specialty Underwriting, Inc. RSUI today utilizes Landmark American Insurance Company, an AM Best & Co A XIII rated insurance company, and works in partnership with FRMT, Ltd in the same manner it has since 1996. Continuity in FRMT's work with RSUI has been the key to the organization's success as the organization management, underwriting and claim personnel has had very little change. In addition to providing comprehensive insurance coverage the FRMT organization works to provide risk management resources and education to improve the undergraduate experience of their members. The risk management efforts include: A) Semi-annual publishing and distribution of FRMT News.

See similar companies related to Frmt Ltd

What Skills Does a person Need at Frmt Ltd?

At Frmt Ltd, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  3. Claims management: Claims Management means the process of identifying, controlling and resolving demands by individuals or public entities to recover losses from any Member of the Association.
  4. Problem Solving: Analyzing and identifying the root cause of problems and applying critical thinking skills to solve problems.
  5. Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

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Hourly Pay at Frmt Ltd

The average hourly pay at Frmt Ltd for a Claim Manager is $51 per hour. The location, department, and job description all have an impact on the typical compensation for Frmt Ltd positions. The pay range and total remuneration for the job title are shown in the table below. Frmt Ltd may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $106,770 look to you?

FAQ about Salary and Jobs at Frmt Ltd

1. How much does Frmt Ltd pay per hour?
The average hourly pay is $51. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Frmt Ltd?
According to the data, the highest approximate salary is about $117,077 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Frmt Ltd?
According to the data, the lowest estimated salary is about $95,698 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.