Insurance Investigator Job Description
Insurance Investigator Job profile and Description
An insurance investigator analyses, investigates and determines the liability of an insurance company concerning casualty, personal or loss of property, thereby taking care of the insurance company from paying out to illegal or invalid claimants. They compile all the information from agents, specialists, medical specialists and claimants to testify the claimant’s insurance claims. The role of the insurance investigator involves the inspection of damages concerning illness, accidents, property damage or compensation of the worker and so forth.
Insurance Investigator Duties and Responsibilities
The prime duties and responsibilities of the insurance investigator must involve:
- Investigation through interrogation and interview of the claimant, doctors, police and witnesses involved, to ensure the extent of liability and check the insurance company from being the targets of the insurance fraudulent.
- Analysis of all the information collected and its report and desired recommendations to the higher authority.
- Negotiations of claim settlements and recommendation of litigation in cases where negotiations are not possible.
- Collection of evidences and witnesses in support of contested claims in the courts.
- Collection of credit information from banks and other credit services.
- Communication with former associates to testify the record of employment and verify the persons applying for credit.
- Awareness of all the legal matters and rules and regulations.
- Examination of the claim forms and other records to determine the coverage of the insurance information.
Insurance Investigator Skills and Specifications
The skills and specifications of an Insurance Investigator must include:
- Proficient and adequate knowledge about computers, interrogation, surveillance and research.
- Analytical and communicative skills to properly conclude from controversial and suspected matters.
- A good investigative skills and strong IQ level with excellent presence of mind.
- Efficiency to cope up with stress and pressure to withstand the long hours of work.
Insurance Investigator Education and Qualifications
To ensure a high level of performance, the insurance investigator needs to possess certain degrees as enumerated below:
- Bachelor’s degree in criminal justice, insurance and law enforcement etc
- Internships acquired through on-hand industrial trainings
- Certification from International association of special investigation
- Qualified in licensing examination for making practical implementation of skills.
Insurance Investigator Salary
The U.S. Bureau of labour statistics had indicated an annual salary of about $58,709 in the year 2009. However, who are actually dedicated and pursues career in this field for long can earn more with greater experience.