Financial Services
Process applications for, changes to, reinstatement of, and cancellation of insurance policies.
Insurance Policy Processing Clerks
Average
$39,000
ANNUAL
Entry Level
$26,000
ANNUAL
Mid Level
$41,500
ANNUAL
Expert Level
$57,000
ANNUAL
Insurance Policy Processing Clerks
5,330
Projected job openings through 2028
Insurance Policy Processing Clerks
Degree Recommendations
Insurance Policy Processing Clerks
01
Interview clients and take their calls to provide customer service and obtain information on claims.
02
Process, prepare, and submit business or government forms, such as submitting applications for coverage to insurance carriers.
03
Process and record new insurance policies and claims.
04
Correspond with insured or agent to obtain information or inform them of account status or changes.
05
Organize and work with detailed office or warehouse records, maintaining files for each policyholder, including policies that are to be reinstated or cancelled.
06
Review and verify data, such as age, name, address, and principal sum and value of property on insurance applications and policies.
07
Collect initial premiums and issue receipts.
08
Modify, update, and process existing policies and claims to reflect any change in beneficiary, amount of coverage, or type of insurance.
09
Transcribe data to worksheets and enter data into computer for use in preparing documents and adjusting accounts.
10
Notify insurance agent and accounting department of policy cancellation.
Insurance Policy Processing Clerks
Common knowledge, skills & abilities needed to get a foot in the door.
KNOWLEDGE
Customer and Personal Service
KNOWLEDGE
English Language
KNOWLEDGE
Clerical
KNOWLEDGE
Administration and Management
KNOWLEDGE
Computers and Electronics
SKILL
Active Listening
SKILL
Speaking
SKILL
Reading Comprehension
SKILL
Writing
SKILL
Judgment and Decision Making
ABILITY
Oral Comprehension
ABILITY
Written Comprehension
ABILITY
Oral Expression
ABILITY
Near Vision
ABILITY
Speech Recognition
Financial Services
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