You'll usually be required to get licensed in a specific country or state in order to work as an insurance fraud investigator . Study.com, 23 Apr 2021 published. Is Working for Farmer's Insurance As an Agent a Good Career? Insurance Investigator I Recruitment #21-009638-0003 Department Maryland Insurance Administration Date Opened 4/21/2021 8:00:00 PM Filing Deadline 5/5/2021 11:59:00 PM Salary $42,294/yr - $51,588/year with potential progression to $67,106/yr (Salary … Learn about the education and preparation needed to become an insurance investigator. Some insurance investigators specialize in the medical field and concentrate on a specific type of fraud, such as unneeded treatments or stolen medical equipment. The U.S. Bureau of Labor Statistics (BLS) expects a decline in jobs of 6% from 2019-2029 for the competitive field of insurance claims adjusters, examiners and investigators (www.bls.gov). 2. Their job may involve reviewing paperwork, interviewing witnesses and reviewing surveillance footage. Get a free comparison table of costs, aid, and requirements for Business schools, Substance Abuse Counselor: Training Requirements and Career Options. What Are the Requirements to Become an Insurance Fraud Investigator? 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It's free! Can an MBA Degree Be Valuable in the Insurance Industry? Want expert, personalized advice that can save you a lot of time and money? 46 insurance investigator jobs available. The International Association of Special Investigation Units (IASIU), a professional association representing insurance investigators, recommends that aspiring insurance investigators obtain a college degree in business administration or criminal justice (www.iasiu.org). Can You Use an Accounting Degree to Work for an Insurance Company? In most states, candidates have to pass a background check; a felony conviction can disqualify individuals seeking a career as an insurance investigator. How Much Do Insurance Agents Make in California? A background in law enforcement, insurance claims, or firefighting may be an asset to those pursuing a career as an insurance investigator. (2021, Apr 23 of publication). It may be possible to get a job as an insurance claim investigator with nothing more than a high school diploma and then move to on-the-job training. Web. Can You Use an Accounting Degree to Work for an Insurance Company? While not necessary, it is recommended that you take speech classes and join the debate team to help improve your interviewing skills. Faster than average employment growth of 3% was forecast by the BLS from 2019-2029, and an annual median wage of $60,710 was reported in 2019. Get a quick view of the requirements as... An admission advisor from each school can provide more info about: Get Started with University of Pennsylvania, Get Started with Mississippi State University, Get Started with Western Governors University, Get Started with University of Connecticut, Get Started with Florida State University, Get Started with University of Mississippi. Ken Black Date: February 14, 2021 An insurance fraud investigator may use surveillance to determine the validity of a claim. Must be a high school graduate or have completed GED. Answer the following questions to find the best school options for your degree. To perform the job well, an insurance investigator needs to have an eye for detail, interpersonal skills, time management skills, and in-depth knowledge of laws and rules revolving around insurance. … Connect with Insurance Claims Investigator: Job Description and Requirements. An insurance investigator may be responsible for tracking the movements of a person claiming disability. An insurance investigator examines insurance claims that are suspicious or otherwise in doubt. How Much Do Insurance Underwriters Make in Illinois? Requirements – Skills, Abilities, and Knowledge – for Insurance Fraud Investigator Job If you are thinking of working as an insurance fraud investigator, the following are the common requirements most employers will expect you to fulfill to access the job: Is Selling Aflac Insurance a Good Career? There are no formal education requirements for insurance investigator jobs. Learn about the education and preparation needed to become an insurance investigator. (Insurance Investigator: Job Description and Education Requirements. 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Insurance claims investigators work irregular hours, both in an office and out in the field. A background in law … Enter zip: Insurance investigators are required to have a high school diploma, and they may be required to be licensed or certified. They review the circumstances of the case through research, interviews, surveillance and in-person inspections of sites and vehicles, writing reports on their findings. Take the quiz now. "Insurance Investigator: Job Description and Education Requirements." Employment in this field is projected to decline at a rate of six percent between 2019 and 2029, according to the BLS. Insurance Investigator job description, duties and education requirements UNIT GROUP 5911 Purchasing and Supply Logistics Clerks >> MINOR GROUP 599 Miscellaneous Clerical and Administrative Workers >> UNIT GROUP 5996 Insurance Investigators, Loss … Insurance companies employ investigators to screen claims for a wide range of offenses, like the over-reporting of damage to insured property or the staging of automobile accidents. In 2019, cost estimators earned a median salary of $65,250 per year, the BLS said. Insurance companies usually require a high school education or the equivalent for insurance investigator jobs, according to the U.S. Bureau of Labor Statistics. Must be a high school graduate or have completed GED, Afterwards, you'll have the option to speak to an independent Can a Criminal Justice Degree Help with Working on Insurance Claims? A high school diploma or equivalent is typically required for a person to work as an entry-level claims adjuster, examiner, or investigator, although some positions need a bachelor’s degree or insurance-related work experience. ), Study.com / Insurance Investigator: Job Description and Education Requirements. Their precise communication skills and quick thinking make it possible for them to interact with varied and dynamic personalities, obtaining information to support or deny a claimant's case. See salaries, compare reviews, easily apply, and get hired. Insurance investigators spend a substantial amount of time gathering and analyzing forensic evidence from accidents or crime scenes. Earn Transferable Credit & Get your Degree. A Claims Investigator will investigate plans and execute investigations for insurance claim purposes. Other states have strict regulations involving investigators. They must be creative and willing to do whatever it takes to close a case. "Insurance Claims Investigator: Job Description and Requirements." 19 May 2021 accessed. I can show you how! Learn about the education and preparation needed to become an insurance claims adjuster. An insurance fraud investigator is an individual who works for an insurance company in order to determine if a claim is made under false pretenses. Some insurance companies have their own in-house investigation teams while other companies sub-contract the work to private investigators or private investigation firms. Investigative experience as an insurance adjuster or piloting a plane in law enforcement is helpful. © copyright 2003-2021 Study.com. Some insurance investigators handle simple fraud cases involving improperly filed paperwork or false identities. Insurance claims investigators excel at performing research and interviewing subjects. Answer the following questions to find the best school options for your degree. 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Some employers may favor applicants with specialized knowledge, such as law … Insurance claims investigators plan and execute investigations into insurance claims related to bodily injury, liability, property damage, medical, worker's compensation and more. Investigators in this field have differing specialties and backgrounds. Experience as a law enforcement or criminal justice professional is vital to securing employment as an insurance investigator. 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Insurance claims investigators had a median annual salary of $66,540, according to the BLS in 2019. Suspected cases of insurance fraud are referred to insurance claims investigators by insurance adjusters or examiners. Although becoming an insurance fraud investigator commonly requires a background in law enforcement, you can choose from several educational paths in your quest to become an insurance fraud investigator. Insurance companies tend to hire candidates who have worked as police officers or forensic laboratory technicians. An independent insurance investigator can help sort through the circumstances and determine which party is … In most states, insurance investigators must pass a background check and may need to be licensed or certified. Connect with Insurance claims investigators look into the background of claimants, witnesses and anyone else who has made a statement regarding the case, like medical professionals or police officers. Retrieved from https://study.com/articles/Insurance_Claims_Investigator_Job_Description_and_Requirements_for_Becoming_an_Insurance_Claims_Investigator.html. On-the-job training is common, and insurance claims investigators participate in continuing education opportunities to keep up with new state and federal laws and legal precedents that may influence how insurance claims investigators do their jobs. Want expert, personalized advice that can save you a lot of time and money? Learn about the education and preparation needed to become an insurance claims specialist. Save up to 50% on tuition and fees. These professionals collect information to estimate the cost of resources necessary for constructing a building or manufacturing a product. Though some insurance investigator jobs require a bachelor’s degree, the principal qualification for this position is investigative experience, usually from work in law enforcement. Can an MBA Degree Be Valuable in the Insurance Industry? Insurance fraud can occur when a claimant, employer, or health care provider knowingly lies to benefit from the worker's compensation insurance. How Much Do Insurance Underwriters Make in California? California, for example, demands that aspiring investigators possess criminal justice education or law enforcement experience. Occasionally, investigators are used to investigate a company's own employees for misconduct or illegal activity. The listings below may include sponsored content but are popular choices among our users. How Much Do Insurance Appraisers Make in Georgia? OFFICE LINE 1.813.PRIVATE EMERGENCY 1.813.PRIVATE WORKING HOURS 6:00am - 9:00pm An insurance investigator spends a significant amount of time gathering evidence. A decline of 1% was anticipated by the BLS from 2019-2029 for cost estimators. Some skills necessary to become an insurance claims investigator will help prepare you for a career in other areas. Under "Search Exams and Job Vacancies" use "Investigator" as the Job Title/Keyword and "Department of Insurance" as the Department. Find Schools. Curriculum, relevancy of sample programs, and outcomes will vary by school. Like detectives, insurance investigators may comb through stacks of paperwork, conduct interviews or perform surveillance. The specific nature of an insurance investigator's work varies based on professional experience and education. © copyright 2003-2021 Study.com. All rights reserved. Fraud can involve both the employee and the employer. Insurance investigators are claims workers, some with a background in criminal justice, who delve into claims cases to uncover possible criminal or fraudulent activity. However, there are related options available at both... Insurance claims investigators review insurance claims, protecting the insurance company from paying out on invalid claims.... Students in medical billing and coding diploma programs learn about claims processing and medical recordkeeping, as well as... An admission advisor from each school can provide more info about: Get Started with University of Arizona Global Campus, Get Started with Purdue University Global, Get Started with Pepperdine University Graduate School of Education and Psychology, Get Started with Southern New Hampshire University, Get Started with Bryant & Stratton College. Find out how to become an Insurance Adjuster, Examiner and Investigator including the degree and education requirements, how hard is it, and how long it take. Earn Transferable Credit & Get your Degree. Browse 4,558 PENNSYLVANIA INSURANCE INVESTIGATOR job ($33K-$64K) listings hiring now from companies with openings. What is your highest level of education completed? A minimum of a high school diploma or equivalent is generally needed to become a fraud investigator. It's free! Registration or licensing is required. Insurance investigators assess claims to identify instances of criminal activity or insurance fraud. Insurance investigators are required to have a high school diploma, and they may be required to be licensed or certified. They protect insurance companies and policyholders against insurance fraud. Private Investigator/PI, Detective, and Forensic Investigator specialty and liability insurance from AMIS. Applicants for a private investigator firm license and a security guard agency must submit a certificate of insurance or other “evidence of financial responsibility” that is approved by the Board and meets the following requirements: Is issued by an insurance company or other legal entity authorized to transact business in Indiana. Insurance investigator positions typically require a high school education or GED to work for insurance companies. Insurance Investigator ANZSCO level 3 (see skill level classification below for exceptions) Conducts investigations into insurance claims to ensure their validity. The listings below may include sponsored content but are popular choices among our users. Must complete an application online and submit transcripts for their highest degree earned. Study.com College Advisor that can help you compare costs and options. Is Final Expense Insurance a Good Career Choice? Some cases might require surveillance of suspects or suspicious activity. How Much Does an Insurance Underwriter Make in Florida? Professionals in this field conduct investigations to uncover fraudulent activity regarding insurance claims. ), Study.com / Insurance Claims Investigator: Job Description and Requirements. All other trademarks and copyrights are the property of their respective owners. High school graduates with background knowledge of construction trades can learn the additional required skills while on the job in this occupation, to check construction sites for code and ordinance compliance. English classes are also helpful in preparing you to write reports for insurance claims. Individuals who have earned a bachelor’s degree in criminal justice, economic crime, fraud management, accounting, law, or business administration are typically the most sought-after and highly-qualified candidates. Step 1: Earn a bachelor’s degree in forensic accounting, criminal justice, or a related field (four years). (Insurance Claims Investigator: Job Description and Requirements.