Chief Claims Officer Salary in the United States

Chief Claims Officer Salary

How much does a Chief Claims Officer make in the United States? The average Chief Claims Officer salary in the United States is $263,610 as of September 27, 2021, but the range typically falls between $211,770 and $319,280. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Salary Salary + Bonus Benefits
Based on HR-reported data: a national average with a geographic differential
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25% $211,770 10% $164,572 90% $369,965 75% $319,280 $263,610 50%(Median)

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Job Description

The Chief Claims Officer is responsible for managing and implementing claims programs for all lines of insurance. Plans and directs all aspects of an organization's insurance claims function. Being a Chief Claims Officer develops procedures and policies to enhance and improve the processing, investigation, and settlement of claims. Directs the review and settlement of complex or high dollar claims. In addition, Chief Claims Officer ensures legal examinations are made when appropriate. Requires a bachelor's degree. Typically reports to top management. The Chief Claims Officer manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Comprehensive knowledge of the overall departmental function. Working as a Chief Claims Officer typically requires 8+ years of managerial experience. (Copyright 2021 Salary.com)

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Career Path for this job

  1. Down a level:

    Claims Service and Operations Director


    Bachelor's Degree

  2. This Job:

    Chief Claims Officer


    Bachelor's Degree

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Average Base Salary

Core compensation

 
 
 
211770
319280
263610

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
259650
465350
351790
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Claims Officer in the United States. The base salary for Chief Claims Officer ranges from $211,770 to $319,280 with the average base salary of $263,610. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $259,650 to $465,350 with the average total cash compensation of $351,790.
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211770
319280

 

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Salary estimation for Chief Claims Officer at companies like : CAREVIEW COMMUNICATIONS INC, CYBERFORT SOFTWARE INC, TOUCHPOINT GROUP HOLDINGS