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General adjuster vs risk and insurance consultant

The differences between general 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 general 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 $62,495 average annual salary of a general adjuster.

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

General adjuster vs risk and insurance consultant overview

General AdjusterRisk And Insurance Consultant
Yearly salary$62,495$90,307
Hourly rate$30.05$43.42
Growth rate-6%11%
Number of jobs47,26361,774
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 67%
Average age4443
Years of experience46

What does a general adjuster do?

In insurance companies, a general adjuster is responsible for studying and analyzing insurance claims to identify the company's financial liability. As a general adjuster, they must personally assess the extent and cause of property or physical damages, including the cost of repairs. They may also conduct interviews with witnesses or experts to ensure the eligibility of claims. Furthermore, as a general adjuster, it is essential to maintain records and documentation of procedures and cases, all while adhering to the company's policies and regulations.

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.

General adjuster vs risk and insurance consultant salary

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

General AdjusterRisk And Insurance Consultant
Average salary$62,495$90,307
Salary rangeBetween $41,000 And $94,000Between $69,000 And $117,000
Highest paying City-San Francisco, CA
Highest paying state-Rhode Island
Best paying company-McKinsey & Company Inc
Best paying industry-Insurance

Differences between general adjuster and risk and insurance consultant education

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

General AdjusterRisk And Insurance Consultant
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

General adjuster vs risk and insurance consultant demographics

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

General AdjusterRisk And Insurance Consultant
Average age4443
Gender ratioMale, 73.0% Female, 27.0%Male, 67.7% Female, 32.3%
Race ratioBlack or African American, 12.2% Unknown, 4.4% Hispanic or Latino, 16.6% Asian, 5.3% White, 61.0% 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 general adjuster and risk and insurance consultant duties and responsibilities

General adjuster example responsibilities.

  • Apply strong customer service, organizational and multitasking skills to efficiently manage auto insurance claims.
  • Investigate and evaluate bodily injury and property damage automobile and homeowner claims.
  • Respond to arbitration responses when need.
  • Investigate, inspect, scoped and estimate in Xactimate every loss assign.
  • Evaluate and estimate homeowner property damage.
  • Evaluate cost benefits so early settlement versus further litigation and negotiate settlement.
  • 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.

General adjuster vs risk and insurance consultant skills

Common general adjuster skills
  • Customer Service, 19%
  • Xactimate, 17%
  • Claims Handling, 11%
  • Litigation, 10%
  • Commercial Property, 9%
  • Insurance Coverage, 7%
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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