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Insurance Loss Adjuster

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Insurance loss adjusters specialise in investigating difficult or complicated insurance claims on behalf of insurance companies. They must negotiate on an impartial basis between the company and the policyholder making the claim.

The Work

You could be:

Pay

The figures below are only a guide. Actual pay rates may vary, depending on:

The starting salary for graduate trainee loss adjusters is between £18,000 and £25,000 per year. Experienced loss adjusters earn up to £45,000 a year or more.

Senior loss adjusters or managers earn around £60,000 or more.

There may also be benefits such as bonuses, cheap mortgages and insurance, a pension scheme and a company car.

Conditions

Workforce Employment Status

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Getting In

Some opportunities are in providing risk management services to organisations including local authorities, health services and brokers as well as traditional insurance companies.

Workforce Education Levels (UK)

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Job Outlook Scotland

Employment

Unemployment

Percentage of workforce registered as unemployed (Scotland)

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Job Outlook Scotland and UK

  Scotland
2018
6889
1.3 %
RISE
2023
6980
  United Kingdom
2018
64065
2.2 %
RISE
2023
65445

LMI data powered by EMSI UK

What Does it Take?

You need to have:

You need to be:

Training

Getting On

Contacts

The following organisations may be able to provide further information.

Chartered Institute of Loss Adjusters (CILA)
Tel: 020 3861 5720
E-mail: info@cila.co.uk
Website: http://www.cila.co.uk/

Chartered Insurance Institute (CII)
Tel: 020 8989 8464
E-mail: customer.serv@cii.co.uk
Website: http://www.cii.co.uk/
Website (2): http://www.discoverrisk.co.uk/
Twitter: @CIIGroup

Financial Conduct Authority (FCA)
Tel: 0800 111 6768
Website: http://www.fca.org.uk
Twitter: @TheFCA

The FCA is the regulatory authority for the financial services industry in the UK. Their aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers.

London Institute of Banking and Finance
Tel: 01227 818609
E-mail: customerservices@libf.ac.uk
Website: http://www.libf.ac.uk
Twitter: @StudyLIBF
Facebook: https://www.facebook.com/StudyLIBF

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