The increased cases of insurance fraud in the USA are alarming. Companies keep getting defrauded regularly using different fraud tactics. As the days go by, the need for an advanced fraud-detecting mechanism is needed. Insurance companies have adopted many methods to curb this fraud. One of the mechanisms they have adopted is the use of Insurance Investigators.
Unfortunately, not many know of the duty of these officials. Thanks to this write-up, we will be looking at the role of an Insurance Investigator in the USA. We would also be focusing on the job opportunities available for prospective investigators.
Who Is An Insurance Investigator?
Insurance Investigators are individuals who are responsible for handling fraud and criminal activities in insurance agreements. These individuals are responsible for investigating suspicious activities, too. These individuals often do surveillance work. Usually, investigators assigned have a specialized background.
Most times, insurance companies do not bother outsourcing an investigator. The insurance investigator is usually an employee of the insurance company.
As stated above, they are specialized in investigating crime in an insurance claim. The need for an investigator is rising because the case of fraud in first-world countries is very high.
Oftentimes, most fraud revolves around injuries. Most times, insurance fraud culprits exaggerate their injuries so the insurer can pay for damages. An insurance company may employ the service of an insurance investigator to quantify and surveil these injuries.
Insurance Investigator Salary
Insurance investigator salary ranges from country to country. This write-up will focus on the USA salary ranges for an insurance investigator.
According to Glassdoor, an insurance investigator earns $104,000 annually. During this period, you would be paid bonuses.
However, an insurance investigator may earn a percentage of their salary during his first year. The job of an insurance investigator requires different skills. These skills range from critical thinking, interviewing, and problem-solving. Of course, insurance companies are usually the employers of insurance investigators.
Insurance Investigator Jobs
Here are some jobs available for insurance investigators:
SIU Investigator
The role of an SIU investigator involves investigating claims with red flags. It also involves detecting fraud that counters insurance policies.
In addition, the Special Investigative Unit (SIU) also provides reports and memos to organizations. As an investigator, you would be required to provide audits and reviews on different information.
Requirements
• You must possess a bachelor’s Degree in Criminal Justice.
• High School Diploma
• Special Investigative Unit (SIU) Compliance Knowledge.
Benefits
• $35/ hr payment rate
• Medical and Dental Insurance Cover.
• A week of paid holidays annually.
You can apply for this job here.
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Insurance Investigator
The role of an insurance investigator involves creating complaints letters to insurers and their representatives. An investigator with this company would be required to solve problems relating to insurance fraud. You would also be required to provide reports periodically on fraud tracking and progress. In addition, you would be working both remotely and onsite.
Requirements
• Bachelor’s Degree in Accredited University
• Four Years Experience in Maryland Insurance Administration
Benefits
• Annual Salary of $55,786
• A residential apartment in Baltimore City.
You can apply for the job using this link.
Entry-level Investigator
The job of an entry-level investigator is to conduct field surveillance in various fields. It involves tracking and analyzing database research. You would be assigned to provide reports on feedback and feedback. As an entry-level investigator, be prepared to spend long hours at work too.
Requirements
Here are some requirements for the role of an entry-level investigator:
• Strong Computer Efficiency
• Possess an active driver’s license.
• Excellent writing and reporting skills.
Benefits
• Paid Licensing
• Fully Paid Investigator Training Program.
• Immediate Employment after Training.
• Health Insurance Cover.
Interested applicants can click on the link to apply.
Fraud Investigator
The role of a fraud investigator is to conduct an investigation relating to insurance fraud. You would also be required to work with local security and fraud management officials. Additionally, fraud Investigators would provide reports to line managers. You would also be required to track fraud claims in different parts of America.
Requirements
Here are some requirements to fulfill
• Bachelor’s Degree in Criminal Justice
• Ability to communicate clearly with customers and employees (orally and in writing)
• Proficient with Microsoft Office products (Word, Excel, PowerPoint)
Benefits
• Payment of $23,000 annually.
• Develop relevant employment skills.
• You can apply for this job using this link.
Conclusion
To wrap this up, Insurance companies immediately sniff fraud in different ways. Once inconsistencies are detected in your complaints, an investigator will be asked to ascertain your claim. If it is true, you will be paid according to the agreement stated in your policy. If the claim appears to be false, you will not be compensated.