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.
Job Titles
- 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
- 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.
Workplaces
- Claims departments of insurance companies
- Independent adjusting companies
Work Environment
- In an Enclosed Vehicle or Equipment
- Indoors, Environmentally Controlled
- Close Proximity to Others
Physical Demands
- Sitting
- Standing
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 is 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.
Skills
- Negotiating
- Coordinating
- Critical Thinking
- Decision Making
- Digital Literacy
Abilities
- Numerical Ability
- Deductive Reasoning
- Far Vision
- Inductive Reasoning
- Information Ordering
Personal Attributes
- Adaptability
- Attention to Detail
- Collaboration
- Independence
- Social Orientation
Source: OaSIS
Employment Outlook
The employment outlook will be Moderate for insurance adjusters and claims examiners (NOC 12201) in Prince Edward Island for the 2025-2027 period.
The following factors contributed to this outlook:
- Employment is expected to remain relatively stable.
- A moderate number of positions will become available due to retirements.
- There are a small number of unemployed workers with recent experience in this occupation.
Here are some key facts about Insurance adjusters and claims examiners in Prince Edward Island:
- Approximately 100 people worked in this occupation in May 2021.
- Insurance adjusters and claims examiners mainly work in the following sectors:
- Insurance Carriers and related activities (NAICS 524, 526): 92%
- Federal government public administration (NAICS 911): 8%
- 88% of insurance adjusters and claims examiners work all year, while 12% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 50 weeks compared to 41 weeks for all occupations.
- The gender distribution of people in this occupation is:
- Men: 32% compared to 51% for all occupations
- Women: 68% compared to 49% for all occupations
- The educational attainment of workers in this occupation is:
- no high school diploma: n/a
- high school diploma or equivalent: 14% compared to 28% for all occupations
- apprenticeship or trades certificate or diploma: n/a
- college certificate or diploma or university certificate below bachelor’s: 18% compared to 25% for all occupations
- bachelor’s degree: 45% compared to 17% for all occupations
- university certificate, degree or diploma above bachelor level: n/a
Source: Job Bank
Prevailing Wages
| AREA | LOW | MEDIAN | HIGH |
|---|---|---|---|
| PEI | $17.31 | $32.45 | $39.01 |
| Canada | $22.56 | $35.00 | $52.20 |
Training
There are no known training programs for this occupation in PEI. If you are aware of a local training program, please contact us.
Certifications
We don’t have any data on professional certification requirements. Based on our records, this occupation is not regulated in PEI.
If you are aware of a local regulatory body for this occupation in PEI, please contact us.
There are currently no job listings for this occupation on WorkPEI.