Calculate the amount due by the insurance company in case of a legitimate claim, authorise the financial transfer and address reclamations to other insurance companies if needed.
calculate reimbursement payments
calculate settlement payments
calculate coverage payments
Skill reusability level
Relationships with occupations
Calculate compensation payments is an essential skill of the following occupations:
Insurance claims handler: Insurance claims handlers ensure that all insurance claims are handled accurately and that payment for valid claims is made to the policyholders. They use statistical data and reporting to calculate and adjust claims as needed, communicate with and guide policyholders and monitor the progress of a claim.
Calculate compensation payments is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.