VP of Claims plans and directs all aspects of an organization's insurance claims function. Responsible for managing and implementing claims programs for all lines of insurance. Being a VP of Claims directs the review and settlement of complex or high dollar claims. Develops procedures and policies to enhance and improve the processing, investigation, and settlement of claims. Additionally, VP of Claims ensures legal examinations are made when appropriate. Requires a bachelor's degree. Typically reports to top management. The VP of Claims manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a VP of Claims typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.
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