Insurance adjusters

Insurance adjusters

NOC
1312

- Insurance adjusters and claims examiners

Investigate insurance claims and determine the amount of loss or damages covered by insurance policies.

Quick facts

3 Year Outlook

Good
Good

3 Year Job Openings

65
 

Median Hourly Wage

$23.56
$14.15
Low
$38.46
High

Median Salary

$46,765
 

Typically Required

College or apprenticeship

Employed

650
 

% Working Full Time

95%
 

% Working Full Year

80%
 
Job details

Full NOC Description

Insurance adjusters investigate insurance claims and determine the amount of loss or damages covered by insurance policies. They are employed in claims departments of insurance companies or as independent adjusters. Insurance claims examiners examine claims investigated by insurance adjusters and authorize payments. They are employed at head offices or branches of insurance companies.

Main Duties

Insurance adjusters perform some or all of the following duties:

  • Investigate circumstances surrounding insurance claims to determine validity of claim
  • Inspect automobile, home or other property damage
  • Take statements and consult with claimants, accident witnesses, doctors and other relevant individuals and examine records or reports
  • Determine amount of loss or damages covered by insurance policies
  • Negotiate settlement of claims
  • Prepare adjustment reports.
  • Insurance claims examiners perform some or all of the following duties:
  • Review, examine, calculate and authorize insurance claims investigated by insurance adjusters
  • Examine adjusters' reports and similar insurance claims or precedents to determine extent of insurance coverage
  • Ensure claims are valid and settlements are made according to company practices and procedures
  • Consult lawyers, doctors or other relevant individuals to discuss insurance claims
  • Approve automobile, fire, life, disability, dental or other insurance claims.

Also Known As

  • adjuster
  • claims examiner
  • claims representative
  • insurance adjuster
Requirements

Employment Requirements

  • Completion of secondary school is required.
  • A bachelor's degree, college diploma or some post-secondary education or Several years of experience as a clerk in the claims department or other general insurance experience are required.
  • Several years of on-the-job training and completion of insurance industry courses and training programs are required.
  • Independent adjusters require a provincial licence issued by the Superintendent of Insurance in the province or territory of employment.

Provincial Regulation

Not Provincially Regulated

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

63.5%
Female
36.5%
Male
Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

3.1%
15-24
25.4%
25-34
30.0%
35-44
28.5%
45-54
10.0%
55-64
3.1%
65+
Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

0.0%
No Certificate, Diploma or Degree
23.9%
High School, Diploma or Equivalent
6.2%
Apprenticeship or Trades Certificate or Diploma
46.2%
College or University Below Bachelor Level
23.9%
University - Bachelor Level or Above
Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

96.9%
Finance and insurance
1.5%
Transportation and warehousing
1.5%
Administrative and support, waste management and remediation services
0.0%
All Other Industries
Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

7.60%
Northeast
54.20%
Southeast
23.70%
Southwest
7.60%
Central
6.90%
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Median Salary by Economic Regions

The following graph shows the median salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

$63,486
Northeast
$43,379
Southeast
$48,610
Southwest
$48,597
Central
$64,299
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

No Data Available

Southeast

$23.56
$14.15
Low
$38.46
High

Southwest

$23.56
$14.15
Low
$38.46
High
No Data Available
No Data Available
Salary

This following represents the median salary of all persons employed in this occupation compared to the median salary of workers employed in this occupation that work full-time year-round.

All Workers Employed in this Occupation

$46,765

Workers Employed Full-time, Full-year

$49,137

This following represents the median salary of persons employed in this occupation across each of the Atlantic Provinces and nationally.

New Brunswick

$46,765

Newfoundland

$61,103

Prince Edward Island

$50,926

Nova Scotia

$57,912

Canada

$58,144
Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Three Year Outlook

Total Openings: 3 Year

65
 

New Jobs: 3 Year

10
 

Retirements/Deaths: 3 Year

55
 

Ten Year Outlook

Total Openings: 10 Year

233
 

New Jobs: 10 Year

49
 

Retirements/Deaths: 10 Year

186