How to Become a Reinsurance Claims Analyst
What is a Reinsurance Claims Analyst
There is more than meets the eye when it comes to being a Reinsurance Claims Analyst. For example, did you know that they make an average of $36.98 an hour? That's $76,919 a year!
Between 2018 and 2028, the career is expected to grow -4% and produce -13,000 job opportunities across the U.S.
What Does a Reinsurance Claims Analyst Do
There are certain skills that many Reinsurance Claims Analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Math skills, Detail oriented and Interpersonal skills.
How To Become a Reinsurance Claims Analyst
If you're interested in becoming a Reinsurance Claims Analyst, one of the first things to consider is how much education you need. We've determined that 69.2% of Reinsurance Claims Analysts have a bachelor's degree. In terms of higher education levels, we found that 13.8% of Reinsurance Claims Analysts have master's degrees. Even though most Reinsurance Claims Analysts have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Reinsurance Claims Analyst. When we researched the most common majors for a Reinsurance Claims Analyst, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Reinsurance Claims Analyst resumes include Associate Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Reinsurance Claims Analyst. In fact, many Reinsurance Claims Analyst jobs require experience in a role such as Claim Processor. Meanwhile, many Reinsurance Claims Analysts also have previous career experience in roles such as Claims Representative or Accountant.
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Reinsurance Claims Analyst Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a Reinsurance Claims Analyst can determine their career goals through the career progression. For example, they could start out with a role such as Finance Analyst, progress to a title such as Senior Finance Analyst and then eventually end up with the title Finance Manager.
Reinsurance Claims Analyst Jobs You Might Like
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Tell us your goals and we'll match you with the rights job to get there.
Average Salary for a Reinsurance Claims Analyst
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Choose From 10+ Customizable Reinsurance Claims Analyst Resume templates
Zippia allows you to choose from different easy-to-use Reinsurance Claims Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Reinsurance Claims Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Reinsurance Claims Analyst Demographics
Reinsurance Claims Analyst Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among Reinsurance Claims Analysts, 62.0% of them are women, while 38.0% are men.
- The most common race/ethnicity among Reinsurance Claims Analysts is White, which makes up 67.6% of all Reinsurance Claims Analysts.
- The most common foreign language among Reinsurance Claims Analysts is Spanish at 54.5%.
Find the best Reinsurance Claims Analyst job for you
Reinsurance Claims Analyst Jobs You Might Like
- High Paying Reinsurance Claims Analyst Jobs - $104K and Up
- Entry Level Reinsurance Claims Analyst Jobs
- Part Time Reinsurance Claims Analyst Jobs
- Actively Hiring
- No Degree Reinsurance Claims Analyst Jobs
Top Colleges for Reinsurance Claims Analysts
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. SUNY at Binghamton
Vestal, NY • Private
5. Villanova University
Villanova, PA • Private
6. San Diego State University
San Diego, CA • Private
7. Bentley University
Waltham, MA • Private
8. Boston University
Boston, MA • Private
9. SUNY Stony Brook
Stony Brook, NY • Private
10. New York University
New York, NY • Private
Find the best Reinsurance Claims Analyst job for you
Reinsurance Claims Analyst Jobs You Might Like
- High Paying Reinsurance Claims Analyst Jobs - $104K and Up
- Entry Level Reinsurance Claims Analyst Jobs
- Part Time Reinsurance Claims Analyst Jobs
- Actively Hiring
- No Degree Reinsurance Claims Analyst Jobs
Online Courses For Reinsurance Claims Analyst That You May Like
Acquire the #1 Skill Needed For Investment banking, Private equity, and Consulting - Company analysis...
In this course, learners will look at how reserving works for P&C, Life and Annuity lines of business. Next, we look at how the capital and surplus for an insurance company is calculated and also the use of Surplus Notes to increase statutory capital. Learners will also explore how regulators calculate risk-based capital (RBC) and use it to monitor the solvency of insurance companies under their jurisdiction. Next, we’ll cover reinsurance which is a key component of risk management for...
Want to gain a solid understanding of the unique analysis methods needed to assess the financial strength and operating performance of insurance companies in the US and Europe? We’ll begin this course with a look at the main lines of business and the current operating environment of the Life and Health sector of the industry. We will also discuss the impact of changes in interest rates on investment earnings and sales of annuity products. Next, we’ll turn our attention to the property and...
Top Skills For a Reinsurance Claims Analyst
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 37.4% of Reinsurance Claims Analysts listed Data Analysis on their resume, but soft skills such as Math skills and Detail oriented are important as well.
Best States For a Reinsurance Claims Analyst
Some places are better than others when it comes to starting a career as a Reinsurance Claims Analyst. The best states for people in this position are New Jersey, Massachusetts, Connecticut, and Michigan. Reinsurance Claims Analysts make the most in New Jersey with an average salary of $127,850. Whereas in Massachusetts and Connecticut, they would average $113,613 and $105,315, respectively. While Reinsurance Claims Analysts would only make an average of $103,325 in Michigan, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New Jersey
$127,850
Avg. Salary
2. Connecticut
$105,315
Avg. Salary
3. New York
$103,317
Avg. Salary