Claims Adjusting
Key Figures
Figures are published for NAICS 524291 directly.
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Official definition
This U.S. industry comprises establishments primarily engaged in investigating, appraising, and settling insurance claims.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Claims adjusting establishments investigate, appraise, and settle insurance claims on behalf of claimants or insurers. This differs from third party administration of insurance and pension funds, which handles broader administrative services including claims processing for insurance carriers and employee benefit plans. Claims adjusters focus narrowly on the investigation and valuation of individual claims, while third party administrators manage comprehensive operational functions across entire funds or plans.