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Insurance Policy Processing Clerk

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AVG. SALARY

$52,080

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Decreasing

Money & Outlook

:

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North Dakota Earnings

Average Annual Wage

$52,080

Entry Annual Wage

$38,310

Experienced Annual Wage

$71,740

Average Hourly Wage

$25.04

Entry Hourly Wage

$18.42

Experienced Hourly Wage

$34.49

Median Hourly Wage

$22.49

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $48,780 or $23.45/hr $39,540 or $19.01/hr $61,060 or $29.36/hr
Fargo ND-MN MSA $53,540 or $25.74/hr $41,500 or $19.95/hr $73,960 or $35.56/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
East North Dakota nonmetropolitan area $52,810 or $25.39/hr $37,330 or $17.95/hr $81,100 or $38.99/hr
West North Dakota nonmetropolitan area $50,980 or $24.51/hr $38,150 or $18.34/hr $74,260 or $35.70/hr

North Dakota's Employment and Outlook (State-wide)

Outlook Decreasing
Growth rate is estimated to be -8%
Job Openings 65 estimated annual job openings
Employment 828 were employed in this occupation
Industries Large concentrations of this occupation are found in these industries
  • Insurance carriers (NAICS524100) (51.29%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (24.24%)
  • General Medical and Surgical Hospitals (NAICS622100) (7.85%)
  • Offices of physicians (NAICS621100) (6.56%)
  • Nondepository credit intermediation (NAICS522200) (2.93%)

North Dakota's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 4 47 0% 4 4

Regions with decreasing outlook (negative growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 19 -11% 2 2
Region 2 53 -15% -1 4 3
Region 5 402 -9% -4 35 31
Region 7 189 -10% -2 16 14
Region 8 21 -10% 2 2

National Earnings

The earnings information below is for the occupational group Insurance Claims and Policy Processing Clerks. The occupation Insurance Policy Processing Clerk is part of this group.

Average Annual Wage

$49,530

Average Hourly Wage

$23.81

Average Annual Range

$35,510 to $68,370

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook decreasing
  The employment change from 2022 to 2032 is estimated to be -3%.
(The National average for all occupations is +3%)
Job Openings very small number
  A total of 2210 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment medium occupation
  This was a medium sized occupation in the United States, employing 259,000 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Declining growth
  Productivity-enhancing technology is expected to limit demand for insurance claims and policy processing clerks. 
Non Traditional Occupation This is a non-traditional occupation for men in 2023.
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (84.3%)
  • Insurance carriers and related activities (NAICS524000) (83.5%)
  • Insurance carriers (NAICS524100) (44.7%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (38.7%)
  • Insurance agencies and brokerages (NAICS524210) (26.7%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (21.7%)
  • Direct health and medical insurance carriers (NAICS524114) (15.5%)
  • Other insurance related activities (NAICS524290) (12%)