Why is there such a high demand for accredited claims adjusters in 2023?
The demand for accredited claims adjusters is likely to remain high due through 2032, which makes now a great time to join the growing field.
Accredited claims adjusters are a professional who investigates insurance claims and determines the amount of compensation policyholders are entitled to receive. Claims adjusters can investigate accidents, analyze damage, and negotiate settlements.
The continued growth of the insurance industry is one of the factors contributing to the demand for accredited claims adjusters. Insurance is an essential part of the United States economy, and as more people seek coverage, there is an increasing need for professionals to help manage claims. According to the U.S. Bureau of Labor Statistics, employment of claims adjusters, appraisers, examiners, and investigators is projected to grow three percent from 2022 to 2032, about as fast as the average for all occupations.
Another factor contributing to the demand for claims adjusters is the increasing complexity of insurance claims. With advancements in technology, there are more opportunities for fraud, and claims can involve a range of different types of damage, such as property damage, bodily injury, and environmental damage. All of those mean accredited claims adjusters need to be well-versed in a range of different fields and able to navigate complex legal and regulatory frameworks. As a result, there is an additional growing need for specialized accredited claims adjusters who have expertise in specific areas, such as cyber liability or environmental claims.
Accredited claims adjusters are also becoming more important in the wake of natural disasters. As climate change increases the frequency and severity of natural disasters such as hurricanes, tornados, wildfires, and flooding, there is a growing demand for professionals who can assess the damage and help policyholders to rebuild, especially in areas that are prone to disasters, such as coastal regions or areas with a history of wildfires.
Beyond natural disasters, accredited claims adjusters are also in demand for their role in responding to large-scale events such as pandemics or terrorist attacks. In the event of a major disaster, accredited claims adjusters may be called upon to assess damage and help individuals and businesses to recover. Responding to large-scale events requires specialized skills and training, and there is a growing demand for professionals who can respond quickly and effectively.
Accredited claims adjusters play a critical role in ensuring that insurance companies remain profitable. When a claim is filed, it is the role of the claims adjuster to determine the amount of compensation that the policyholder is entitled to receive. This requires a careful assessment of the damage and an understanding of the policy language. By making accurate and fair assessments, accredited claims adjusters help to ensure that insurance companies remain solvent and can continue to provide coverage to their policyholders.
For more information on how to earn your 6-20 ACA designation and join this growing field, we invite you to contact our Clermont, Florida office at 1-800-309-2459 or read more about the accredited claims adjuster certification process on our website.
In Florida, once you earn your 6-20 accredited claims adjuster designation, you can apply to the state for your all-lines adjuster license. This will enable you to work on home insurance claims, auto and RV insurance claims and property insurance claims. You would have the flexibility to work as a staff claims adjuster or an independent insurance adjuster.