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Adjuster vs agent

The differences between adjusters and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an adjuster has an average salary of $49,396, which is higher than the $37,864 average annual salary of an agent.

The top three skills for an adjuster include customer service, strong customer service and litigation. The most important skills for an agent are insurance products, customer service, and life insurance.

Adjuster vs agent overview

AdjusterAgent
Yearly salary$49,396$37,864
Hourly rate$23.75$18.20
Growth rate-6%6%
Number of jobs7,936184,325
Job satisfaction-2
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 44%
Average age4446
Years of experience4-

What does an adjuster do?

An adjuster is responsible for evaluating the extent of loss in the company by calculating the damage costs, determining the settlement payment to the client, and managing the reputation of the company for claims accountability. Adjusters must have extensive knowledge of the insurance principles and processes, following the state and federal regulations to protect clients and the business from insurance fraud. They collect documents from different organizations, perform field research, and interview witnesses to verify the accuracy of claims statement.

What does an agent do?

Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.

Adjuster vs agent salary

Adjusters and agents have different pay scales, as shown below.

AdjusterAgent
Average salary$49,396$37,864
Salary rangeBetween $35,000 And $68,000Between $19,000 And $72,000
Highest paying CityParsippany-Troy Hills, NJNew York, NY
Highest paying stateNew JerseyNew York
Best paying companyFCCILatham & Watkins
Best paying industryInsurance-

Differences between adjuster and agent education

There are a few differences between an adjuster and an agent in terms of educational background:

AdjusterAgent
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 44%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Adjuster vs agent demographics

Here are the differences between adjusters' and agents' demographics:

AdjusterAgent
Average age4446
Gender ratioMale, 56.9% Female, 43.1%Male, 50.5% Female, 49.5%
Race ratioBlack or African American, 12.2% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5%Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%
LGBT Percentage10%7%

Differences between adjuster and agent duties and responsibilities

Adjuster example responsibilities.

  • Manage strict confidentiality of documents and comply with HIPAA regulations stipulate by the facility and government.
  • Review evidence obtain in liability investigations to evaluate a claim for success in recovery through litigation or arbitration.
  • Document measurements and relevant data to author estimates and appraisals utilizing Xactimate 28software.
  • Charge with answering and defending policy holders and company interests through independent and binding third-party arbitration proceedings.
  • Review departmental reports and financial data; prepare reports of findings, negotiating settlement demands or recommending litigation.
  • Prepare computerize estimates utilizing Xactimate and document all activity associate with the claim in clients web base claims management system.
  • Show more

Agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Verify documentation and coding using CPT and ICD-9 correct coding standards.
  • Assist TANF customers with obtaining employment.
  • Direct compliance with all CPT and Medicare guidelines.
  • Train BDC representatives on phone skills and CRM use.
  • Bill appropriate ICD-9 codes to the correct insurance companies.
  • Show more

Adjuster vs agent skills

Common adjuster skills
  • Customer Service, 19%
  • Strong Customer Service, 7%
  • Litigation, 7%
  • Liability Claims, 6%
  • Policy Coverage, 6%
  • Insurance Claims, 4%
Common agent skills
  • Insurance Products, 11%
  • Customer Service, 10%
  • Life Insurance, 8%
  • HR, 6%
  • Inbound Calls, 6%
  • Financial Services, 6%

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