Insurance Claims Processor salary in Monaco

Average Yearly Salary of Insurance Claims Processor in Monaco is approximately 121,324 EUR (121,476 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Insurance Claims Processor do?

An insurance claims processor is responsible for reviewing and processing insurance claims submitted by policyholders. They play a crucial role in ensuring that claims are handled efficiently and accurately. Their main tasks include verifying policy coverage, investigating the details of the claim, assessing the validity of the claim, and determining the appropriate settlement amount. They may also communicate with policyholders, healthcare providers, and other relevant parties to gather information or clarify any discrepancies. Accuracy, attention to detail, and strong organizational skills are essential in this role to ensure that claims are processed correctly and within established timelines. The job requires knowledge of insurance policies and procedures, as well as the ability to navigate computer systems and software used in claims processing.

Skills: Insurance claims processor, Claims processing, Insurance industry, Policy coverage, Settlements, Customer service.
Job industry: Insurance

How much does Insurance Claims Processor make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Insurance Claims Processor a well paid job?

No, our data shows that Insurance Claims Processor is typically not a well-paid job. The salary varies based on experience. Meaning that even though Insurance Claims Processor might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Insurance Claims Processor?

High salary for Insurance Claims Processor would be somewhere between 133,456 EUR and 175,920 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Insurance Claims Processor in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 121,324 EUR
Estimated Monthly Salary: 10,110 EUR
Estimated Weekly Salary: 2,333 EUR per week
Estimated Hourly Salary: 58 EUR per hour
By working as Insurance Claims Processor a person can save up to 2,680 USD per month or 32,158 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Insurance Claims Processor

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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