Average Insurance Claims Specialist Salary in Canada

The line graph shows Insurance Claims Specialist salary in 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 $45,516.31.

Once the experience reaches 5-9 years Insurance Claims Specialist salary would increase again to a total of $67,293.45, adding $21,777.14 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 $69,447.92.

And finally, once the Insurance Claims Specialist gains 20 years of experience or more, their salary would reach $86,884.32.

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 most vital skill expected of Insurance Claims Specialist is Negotiation which impacts the most than the rest of the skills indicated with a staggering 14% comparatively. Therefore, one’s salary would greatly depend on their skills in Negotiation.

The skill least likely to affect one’s pay would be Claim Handling with 10%. It can be said that Claim Handling skill will unlikely impact the salary.

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 $45,348.00 whereas the highest earning is $87,209.00 which clearly shows the salary increases with the level of expertise.

Experienced person will earn the maximum salary of $87,209.00 at 50%. So to summerize, Early Career earns 22% less than the average salary, Mid Carrer earns 18% more than the average salary, Late Career earns 19% more than the average salary, Experienced earns 50% more than the average salary.