Director, Claims Salary at Virtus Insurance BETA

How much does a Virtus Insurance Director, Claims make?

As of April 2025, the average annual salary for a Director, Claims at Virtus Insurance is $146,861, which translates to approximately $71 per hour. Salaries for Director, Claims at Virtus Insurance typically range from $129,538 to $166,025, 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.

Virtus Insurance Overview

Website:
virtusinsurance.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Insurance

Virtus Insurance is a company that operates in the Insurance industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Overland Park, Kansas.

See similar companies related to Virtus Insurance

What Skills Does a person Need at Virtus Insurance?

At Virtus Insurance, 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. Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Claim Handling: involved in managing a claim from the start through to settlement, making decisions on the extent and validity of a claim, and checking for any potential fraudulent activity.

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Check more jobs information at Virtus Insurance

Job Title Average Virtus Insurance Salary Hourly Rate
2 Producer $51,386 $25
3 Senior Vice President $174,043 $84
4 Client Account Specialist $35,063 $17
5 Vice President, Sales $192,769 $93
6 Account Manager $65,032 $31
7 Claims Coordinator $67,239 $32
8 Director, Finance & Accounting $159,304 $77
9 Employee Benefits Consultant $43,748 $21
10 Personal Lines Account Manager $51,301 $25
11 Vice President, Technology $243,907 $117
12 Account Manager, Commercial Insurance $85,064 $41

Hourly Pay at Virtus Insurance

The average hourly pay at Virtus Insurance for a Director, Claims is $71 per hour. The location, department, and job description all have an impact on the typical compensation for Virtus Insurance positions. The pay range and total remuneration for the job title are shown in the table below. Virtus Insurance may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $146,861 look to you?

FAQ about Salary and Jobs at Virtus Insurance

1. How much does Virtus Insurance pay per hour?
The average hourly pay is $71. 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 Virtus Insurance?
According to the data, the highest approximate salary is about $166,025 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 Virtus Insurance?
According to the data, the lowest estimated salary is about $129,538 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.