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Group insurance specialist vs insurance agent

The differences between group insurance specialists and insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a group insurance specialist has an average salary of $78,050, which is higher than the $51,936 average annual salary of an insurance agent.

The top three skills for a group insurance specialist include invoice, life insurance and group insurance. The most important skills for an insurance agent are customer service, insurance sales, and health insurance.

Group insurance specialist vs insurance agent overview

Group Insurance SpecialistInsurance Agent
Yearly salary$78,050$51,936
Hourly rate$37.52$24.97
Growth rate6%6%
Number of jobs45,62967,977
Job satisfaction-5
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 53%
Average age4646
Years of experience--

Group insurance specialist vs insurance agent salary

Group insurance specialists and insurance agents have different pay scales, as shown below.

Group Insurance SpecialistInsurance Agent
Average salary$78,050$51,936
Salary rangeBetween $63,000 And $96,000Between $30,000 And $88,000
Highest paying City-New York, NY
Highest paying state-Hawaii
Best paying company-Z Capital Group
Best paying industry-Finance

Differences between group insurance specialist and insurance agent education

There are a few differences between a group insurance specialist and an insurance agent in terms of educational background:

Group Insurance SpecialistInsurance Agent
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Group insurance specialist vs insurance agent demographics

Here are the differences between group insurance specialists' and insurance agents' demographics:

Group Insurance SpecialistInsurance Agent
Average age4646
Gender ratioMale, 35.0% Female, 65.0%Male, 51.6% Female, 48.4%
Race ratioBlack or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%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%
LGBT Percentage7%7%

Differences between group insurance specialist and insurance agent duties and responsibilities

Group insurance specialist example responsibilities.

  • Manage communication points between corporate advisers, providers and patients for medical service advisory requests.
  • Provide unparallele brokerage services, specifically focusing on a thorough analysis of business risk and comprehensive options for clients.
  • Process new and renewing business utilizing the BlueStar membership system.

Insurance agent example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Maintain personal and confidential Medicare & Medicaid customer information following all HIPAA.
  • Follow all applicable HIPPA and privacy regulations.
  • Explain medical plans to Medicare / Medicaid eligible clients to ensure best fit.
  • Identify and solicit sales prospects in agency database and in the general marketplace.
  • Develop productive business relationships with key marketplace players by identifying the right products and services.
  • Show more

Group insurance specialist vs insurance agent skills

Common group insurance specialist skills
  • Invoice, 57%
  • Life Insurance, 8%
  • Group Insurance, 7%
  • Customer Calls, 4%
  • Mental Health, 4%
  • Group Therapy, 3%
Common insurance agent skills
  • Customer Service, 25%
  • Insurance Sales, 8%
  • Health Insurance, 6%
  • Life Insurance Products, 6%
  • Financial Resources, 6%
  • Auto Insurance, 5%