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Compensation adjuster vs insurance investigator

The differences between compensation adjusters and insurance investigators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a compensation adjuster and an insurance investigator. Additionally, a compensation adjuster has an average salary of $59,246, which is higher than the $40,373 average annual salary of an insurance investigator.

The top three skills for a compensation adjuster include litigation, workers compensation claims and medical treatment. The most important skills for an insurance investigator are insurance claims, insurance benefits, and general liability.

Compensation adjuster vs insurance investigator overview

Compensation AdjusterInsurance Investigator
Yearly salary$59,246$40,373
Hourly rate$28.48$19.41
Growth rate-6%-6%
Number of jobs15,06238,201
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 62%
Average age4444
Years of experience44

Compensation adjuster vs insurance investigator salary

Compensation adjusters and insurance investigators have different pay scales, as shown below.

Compensation AdjusterInsurance Investigator
Average salary$59,246$40,373
Salary rangeBetween $39,000 And $89,000Between $26,000 And $61,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between compensation adjuster and insurance investigator education

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

Compensation AdjusterInsurance Investigator
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 62%
Most common majorBusinessCriminal Justice
Most common collegeStanford UniversityCalifornia State University - Bakersfield

Compensation adjuster vs insurance investigator demographics

Here are the differences between compensation adjusters' and insurance investigators' demographics:

Compensation AdjusterInsurance Investigator
Average age4444
Gender ratioMale, 23.6% Female, 76.4%Male, 58.0% Female, 42.0%
Race ratioBlack or African American, 12.1% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5%Black or African American, 11.4% Unknown, 4.4% Hispanic or Latino, 16.7% Asian, 5.5% White, 61.4% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between compensation adjuster and insurance investigator duties and responsibilities

Compensation adjuster example responsibilities.

  • Manage litigation claims including mediation and arbitration from inception to close.
  • Apply strong customer service, organizational and multitasking skills to efficiently manage auto insurance claims.
  • Compile and validate information relay to legal department for litigation arising from medical claims.
  • Research and review delinquent mortgage cases, financial scenarios and individual homeowner situations to develop solutions compliant with investor policy.
  • Close files once MMI and/or settlement reach
  • Input new CPT codes into system as changed by HIPPA law regulations.
  • Show more

Insurance investigator example responsibilities.

  • Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
  • Research commercial coverage plans and government plans such as Medicare and Medicaid.
  • Follow all HIPPA guidelines and procedures to protect patients and company interest.
  • Analyze high risk transaction activity and provide final approval of investigative case analyses utilize for SAR preparation and filing.
  • Prepare facility specific HIPAA authorizations for release of records.

Compensation adjuster vs insurance investigator skills

Common compensation adjuster skills
  • Litigation, 16%
  • Workers Compensation Claims, 11%
  • Medical Treatment, 7%
  • Medical Terminology, 7%
  • Disability Claims, 5%
  • Medical Bills, 5%
Common insurance investigator skills
  • Insurance Claims, 14%
  • Insurance Benefits, 12%
  • General Liability, 9%
  • Scene Investigations, 7%
  • Insurance Laws, 6%
  • Consumer Complaints, 6%

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