Home > Salary > Monaco > Insurance Claims Processor
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.
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
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 9,803 EUR
Estimated Weekly Salary: 2,262 EUR per week
Estimated Hourly Salary: 57 EUR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 121,476 USD
Estimated Monthly Salary: 10,123 USD
Estimated Weekly Salary: 2,336 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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.
Estimated Yearly Salary for Insurance Claims Processor
Last revision of data: 2025-01-04
Data as of 2025
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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
Job industry: Insurance
How much does Insurance Claims Processor make?
Salary details
How much does Insurance Claims Processor make?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
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 117,640 EUREstimated Monthly Salary: 9,803 EUR
Estimated Weekly Salary: 2,262 EUR per week
Estimated Hourly Salary: 57 EUR per hour
Last revision of data: 2024-01-09Insurance Claims Processor estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 121,476 USD
Estimated Monthly Salary: 10,123 USD
Estimated Weekly Salary: 2,336 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Claims Processor job salary compared to average salary in Monaco.
Comparison shows that a person working as Insurance Claims Processor in Monaco earns on average:
0.71 times the average salary (or 71% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Insurance Claims Processor job salary compared to average salary in Monaco.
Comparison shows that a person working as Insurance Claims Processor in Monaco earns on average:
0.71 times the average salary (or 71% of average salary).
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
France is 30,055 USD
Italy is 24,733 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Monaco
(1,948,030 EUR per year, pre-tax.)
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4. Neurosurgeon
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(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
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Data as of 2025Random salary:
Budget manager (218,216 EUR per year, pre-tax.)
Caretaker grounds (76,752 EUR per year, pre-tax.)
Quality assurance (qa), supervisor (247,449 EUR per year, pre-tax.)
Engineering director (564,511 EUR per year, pre-tax.)
Sap bo developer (369,146 EUR per year, pre-tax.)
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