Average Insurance Claims Specialist Salary in Toronto, Ontario
The average annual salary of Insurance Claims Specialist is $70,863.00
The starting salary of Insurance Claims Specialist is between $41,693.00 and $49,050.00 whereas the maximum salary range is between $103,790.00 and $119,359.00.
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Insurance Claims Specialist Salary Comparison by Gender
This pie chart demonstrates the gender share for Insurance Claims Specialist. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, female employees are involved significantly more as Insurance Claims Specialist compared to male. Their involvement is 68% while of male is only 32%.
Salary Distribution Based on Years of Experience
The line graph shows Insurance Claims Specialist salary in Toronto, Ontario, Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Insurance Claims Specialist having experience between 1-4 years, their salary is around $62,040.00.
Once the experience reaches 5-9 years Insurance Claims Specialist salary would increase again to a total of $68,514.38, adding $6,474.38 from the last salary increase.
After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $74,796.70.
Prominent Skills Affecting Insurance Claims Specialist Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Insurance Claims Specialist's salary. It clearly highlights the skills needed for a post of Insurance Claims Specialist when hired by an employer. The skill that is required for Insurance Claims Specialist is Claim Handling that affects the salary by 1%.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Insurance Claims Specialist. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $63,777.00 whereas the highest earning is $74,406.00 which clearly shows the salary increases with the level of expertise.
Late Career person will earn the maximum salary of $74,406.00 at 5%. So to summerize, Early Career earns 10% less than the average salary, Mid Carrer earns 2% less than the average salary, Late Career earns 5% more than the average salary.