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The differences between commercial lines account managers and insurance representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial lines account manager has an average salary of $57,372, which is higher than the $35,958 average annual salary of an insurance representative.
The top three skills for a commercial lines account manager include customer service, management system and cancellations. The most important skills for an insurance representative are customer service, patients, and health insurance.
| Commercial Lines Account Manager | Insurance Representative | |
| Yearly salary | $57,372 | $35,958 |
| Hourly rate | $27.58 | $17.29 |
| Growth rate | 6% | 6% |
| Number of jobs | 84,354 | 87,843 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 45% |
| Average age | 46 | 46 |
| Years of experience | - | - |
A commercial lines account manager is an individual who provides quality service to clients as well as act as the daily liaison between insurance company, agent, and their clients. Commercial lines account managers are required to address various coverage issues and handle inside service work that is associated with the client's account. They must assist their clients in making appropriate coverage changes and educate them about coverage, exclusions, and exposures. Commercial lines account managers must also set up finance contracts with PFS and help negotiate rates if applicable.
An insurance representative serves as a client's point of contact in insurance companies. Their responsibilities include researching client opportunities, reaching out to potential clients to offer products and services, discussing terms and policies, providing detailed advice, and assisting in every procedure, ensuring convenience and client satisfaction. Aside from securing sales, an insurance representative may also process applications and claims while adhering to the company's policies and regulations. Furthermore, they may also perform clerical tasks such as handling calls and correspondence, arranging appointments, and maintaining records of all transactions.
Commercial lines account managers and insurance representatives have different pay scales, as shown below.
| Commercial Lines Account Manager | Insurance Representative | |
| Average salary | $57,372 | $35,958 |
| Salary range | Between $44,000 And $74,000 | Between $29,000 And $44,000 |
| Highest paying City | Bothell, WA | Lacey, WA |
| Highest paying state | Washington | Washington |
| Best paying company | UBS | Santander Bank |
| Best paying industry | Start-up | Finance |
There are a few differences between a commercial lines account manager and an insurance representative in terms of educational background:
| Commercial Lines Account Manager | Insurance Representative | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 45% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines account managers' and insurance representatives' demographics:
| Commercial Lines Account Manager | Insurance Representative | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 29.8% Female, 70.2% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |