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Claim Your Insurance Lottery Ticket

VII

Insurance jobs and how they affect you claims

Insurance Jobs and Educational Requirements
Most of the insurance industry requires employees that have a
bachelor’s degree, with a background in math and statistics. The most
challenging jobs in insurance, such as an actuary, may even require
candidates to understand database management and SQL coding language.
Like most jobs, each requires specific training, vocational certification, or
licensing. Other jobs, such as clerks, customer service representatives, and
sales agents need only to have a high school diploma or GED. However,
obtaining a college degree might make a job candidate more attractive. Here
are some job titles for insurance companies:
1. Actuary
Actuaries use analysis to predict the risk that an event
will occur. They help insurance companies decide how much to
charge for various types of coverage. Actuaries typically work for
insurance agencies and brokerages that sell the policies of
several companies. They may also work for one insurance
company or for the government. They often specialize in one
type of coverage, such as health or property insurance.
2. Claims Adjuster
Claims adjusters work with customers who have
experienced losses and are submitting claims. Also known as
insurance examiners, analysts, specialists, appraisers, or
investigators. Claims adjusters must decide how much an
insurance company should pay for a damage or loss. They
typically travel to clients and inspect a property that a
policyholder claims had been damaged. Their work may require
research and seeking expert opinions to determine how much a
claim might be worth. Some claims adjusters work as public
adjusters.
3. Claims Clerk
Insurance claims clerks handle all of the paperwork
related to insurance policies. They might process new policies,
modify existing policies, and handle paperwork related to claim
settlements. They are also known as policy processing clerks.
4. Customer Service Representative
Customer service representatives help customers with
various questions and concerns about their policies. They may
also take details from customers after their insured properties
are damaged, and communicate with them on the phone, online,
or in person.
5. Loss Control Specialist
Prevention is the domain of a loss control specialist. They
inspect businesses to provide strategies for reducing the risk of
loss or damage. Also known as risk consultants, loss control

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