Claims analyst vs insurance adjuster

The differences between claims analysts and insurance adjusters can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a claims analyst, becoming an insurance adjuster takes usually requires 2-4 years. Additionally, an insurance adjuster has an average salary of $57,315, which is higher than the $48,398 average annual salary of a claims analyst.

The top three skills for a claims analyst include customer service, medical terminology and CPT. The most important skills for an insurance adjuster are insurance policies, customer service, and liability claims.

Claims analyst vs insurance adjuster overview

	Claims Analyst	Insurance Adjuster
Yearly salary	$48,398	$57,315
Hourly rate	$23.27	$27.56
Growth rate	-6%	-6%
Number of jobs	22,062	44,837
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 58%
Average age	44	44
Years of experience	6	4

Claims analyst vs insurance adjuster salary

Claims analysts and insurance adjusters have different pay scales, as shown below.

	Claims Analyst	Insurance Adjuster
Average salary	$48,398	$57,315
Salary range	Between $29,000 And $78,000	Between $40,000 And $80,000
Highest paying City	Trenton, NJ	Hagerstown, MD
Highest paying state	New Jersey	New Jersey
Best paying company	Google	Cunningham Lindsey
Best paying industry	-	Insurance

Differences between claims analyst and insurance adjuster education

There are a few differences between a claims analyst and an insurance adjuster in terms of educational background:

	Claims Analyst	Insurance Adjuster
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 58%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Claims analyst vs insurance adjuster demographics

Here are the differences between claims analysts' and insurance adjusters' demographics:

	Claims Analyst	Insurance Adjuster
Average age	44	44
Gender ratio	Male, 27.6% Female, 72.4%	Male, 66.6% Female, 33.4%
Race ratio	Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5%	Black or African American, 13.0% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 60.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	10%

Differences between claims analyst and insurance adjuster duties and responsibilities

Claims analyst example responsibilities.

Help managed meetings regarding decision making on CMS regulations.
Process UB's and HCFA's according to guidelines.
Analyze and investigate medical claims utilizing ICD-9 and CPT-4 coding.
Review claims (HCFA and UB) for accurate billing submission.
Interpret medical reports to apply appropriate ICD-9, CPT-4 and HCPCS codes for member submit claims.
Acquire biometrics and perform phlebotomy.

Insurance adjuster example responsibilities.

Achieve targeted performance goals in every aspect to manage costs and support Allstate's industry-leading operational standards.
Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
Train in Xactimate estimation and sketch programs.
Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
Skil in complex arbitration and mediation negotiations.
Recommend files for arbitration or litigation base on evidence available and inability to compromise with adverse party.

Claims analyst vs insurance adjuster skills

Common claims analyst skills

Customer Service, 14%
Medical Terminology, 5%
CPT, 5%
Process Claims, 5%
Medicaid, 5%
Data Entry, 5%

Common insurance adjuster skills

Insurance Policies, 15%
Customer Service, 15%
Liability Claims, 9%
Auto Claims, 7%
Catastrophe Claims, 5%
Public Adjusters, 4%