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Field adjuster vs risk and insurance consultant

The differences between field adjusters and risk and insurance consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a field adjuster, becoming a risk and insurance consultant takes usually requires 4-6 years. Additionally, a risk and insurance consultant has an average salary of $90,307, which is higher than the $54,120 average annual salary of a field adjuster.

The top three skills for a field adjuster include customer service, xactimate and strong negotiation. The most important skills for a risk and insurance consultant are financial services, risk assessments, and portfolio.

Field adjuster vs risk and insurance consultant overview

Field AdjusterRisk And Insurance Consultant
Yearly salary$54,120$90,307
Hourly rate$26.02$43.42
Growth rate-6%11%
Number of jobs51,07161,774
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 67%
Average age4443
Years of experience46

What does a field adjuster do?

A field adjuster is an individual who creates property and contents estimates based on the field inspection using the Xactimate estimating software with photos and diagrams. Field adjusters are required to investigate and evaluate property damage to determine and negotiate a monetary settlement for each claim. They must complete reports and itemize billing to be submitted to insurance companies for services rendered. Field adjusters must provide exceptional customer service to all parties involved to aid in the settlement process and maintain customer satisfaction.

What does a risk and insurance consultant do?

A risk and insurance consultant is a person whose job is to advise organizations and companies on what might happen in the future and how to deal with it. They advise the management on the next steps and possible outcomes. A risk and insurance consultant does research and calculations and uses that to predict or solve financial or risk issues.

Field adjuster vs risk and insurance consultant salary

Field adjusters and risk and insurance consultants have different pay scales, as shown below.

Field AdjusterRisk And Insurance Consultant
Average salary$54,120$90,307
Salary rangeBetween $38,000 And $75,000Between $69,000 And $117,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateAlaskaRhode Island
Best paying companyZurichMcKinsey & Company Inc
Best paying industryInsuranceInsurance

Differences between field adjuster and risk and insurance consultant education

There are a few differences between a field adjuster and a risk and insurance consultant in terms of educational background:

Field AdjusterRisk And Insurance Consultant
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Field adjuster vs risk and insurance consultant demographics

Here are the differences between field adjusters' and risk and insurance consultants' demographics:

Field AdjusterRisk And Insurance Consultant
Average age4443
Gender ratioMale, 70.3% Female, 29.7%Male, 67.7% Female, 32.3%
Race ratioBlack or African American, 12.0% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 61.7% American Indian and Alaska Native, 0.5%Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3%
LGBT Percentage10%4%

Differences between field adjuster and risk and insurance consultant duties and responsibilities

Field adjuster example responsibilities.

  • Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
  • Provide optimum service to policyholders and agents, negotiate fair settlements and identify SIU claims.
  • Process boat, auto, motorcycle, and motorhome RV claims thru various estimating software.
  • Participate in development of claim handling strategies for mediation claims with home office personnel and attorneys.
  • Work closely with SIU in the handling of 1st party auto theft claims from initiation to completion.
  • Coordinate inspections with insure, this entail booking flights, hotel and rental reservations all while considering the overall cost.
  • Show more

Risk and insurance consultant example responsibilities.

  • Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
  • Implement the forecasting models in SAS.
  • Monitor business line compliance to credit policy, exceptions to policy, underwriting standards and portfolio management.
  • Identify and capture risk factors, including idiosyncratic and macroeconomic to support capital assessment, portfolio management and business decisions.
  • Define and document a new application architecture which load client databases with properly format data using in-house develop Java ETL applications.
  • Process subpoenas, arrange depositions, process statutory requests for medical records and review medical records prior to depositions.

Field adjuster vs risk and insurance consultant skills

Common field adjuster skills
  • Customer Service, 20%
  • Xactimate, 17%
  • Strong Negotiation, 7%
  • Insurance Policies, 6%
  • Claims Handling, 3%
  • CCC, 3%
Common risk and insurance consultant skills
  • Financial Services, 7%
  • Risk Assessments, 7%
  • Portfolio, 6%
  • PowerPoint, 6%
  • Internal Audit, 4%
  • SAS, 4%

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