How much does a Claims Manager make in the United States? The average Claims Manager salary in the United States is $126,902 as of April 24, 2024, but the range typically falls between $112,172 and $142,551. 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. 

Claims Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Claims Manager Salary $98,762 US April 24, 2024
25th Percentile Claims Manager Salary $112,172 US April 24, 2024
50th Percentile Claims Manager Salary $126,902 US April 24, 2024
75th Percentile Claims Manager Salary $142,551 US April 24, 2024
90th Percentile Claims Manager Salary $156,799 US April 24, 2024
25% $112,172 10% $98,762 90% $156,799 75% $142,551 $126,902 50%(Median) Didn’t find job title? Click
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CLAIMS SPECIALIST

Liberty Mutual Insurance - Indianapolis, VA

CLAIMS SPECIALIST

Liberty Mutual Insurance - Alexandria, VA

PROPERTY CLAIMS ADJUSTER

Liberty Mutual Insurance - Dumfries, VA

Corporate Claims Paralegal

Kotarides Companies - Virginia Beach, VA

What skills does a Claims Manager need?

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.

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

Client Service: Client services are the processes and interactions organizations and members of their staff have with their clients.

Leadership 8.61%
Life Insurance 1.66%
Client Service 1.23%
Others 88.5%

Job Description for Claims Manager

Claims Manager manages the operations of an insurance claims department to meet operational, financial, and service requirements. Oversees the intake and processing of insurance claims for personal, property, or casualty loss based on coverage, appraisal, and verifiable damage. Being a Claims Manager manages appraisal and examination staff and processes. Assures timely and proper disposition of claims based on policy provisions. Additionally, Claims Manager recommends and implements best practices to ensure complete and thorough claim settlements, legal reviews, and investigations following company policies and insurance industry regulations. Determines the value of settlements for escalated claims. Manages negotiations of settlements and administration of claims in litigation. Typically requires a bachelor's degree. Typically reports to a director. The Claims Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Claims Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Claims Manager
  • Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidia...
    - 2 Months Ago
  • Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidia...
    - 5 Months Ago
  • American Auto Shield, the exclusive policy administrator for CarShield, is seeking new talent to join its Mechanical Claims Adjustment team in its growing ...
    - 1 Month Ago
  • Take your tractor trailer and estimating skills out of the shop and into the field with a career as a Commercial Auto Claims Field Adjuster. This position ...
    - 1 Month Ago
  • Take your tractor trailer and estimating skills out of the shop and into the field with a career as a Commercial Auto Claims Field Adjuster. This position ...
    - 1 Month Ago

Career Path for Claims Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Claims Manager, the first career path typically progresses to Appeal Resolution Senior Manager.

The second career path typically starts with a Claims Manager, Senior position, and then progresses to Claims Director.

Additionally, the third career path typically progresses to Claims Processing Director - Healthcare.

Those that have already made the climb...
Theodore B. Young, Chief Financial Officer
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
Fiscal Year Ended in 2023
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Claims Manager salary varies from city to city. Compared with national average salary of Claims Manager, the highest Claims Manager salary is in San Francisco, CA, where the Claims Manager salary is 25.0% above. The lowest Claims Manager salary is in Miami, FL, where the Claims Manager salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Claims Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
112172
142551
126902

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
121187
162388
139848
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Claims Manager in the United States. The base salary for Claims Manager ranges from $112,172 to $142,551 with the average base salary of $126,902. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $121,187 to $162,388 with the average total cash compensation of $139,848.
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112172
142551

 

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Skills associated with Claims Manager: Claim Reviews, Claim Settlement Policies, Insurance Claims Management Software, Business Operations ...More

Recently searched related titles: Claim Manager

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Claims Manager Salary in United States
Claims Manager Salary Graph, Regional Distribution and Summary