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The differences between health underwriters and insurance analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a health underwriter has an average salary of $81,313, which is higher than the $55,424 average annual salary of an insurance analyst.
The top three skills for a health underwriter include underwriting guidelines, medical history and risk assessments. The most important skills for an insurance analyst are insurance coverage, insurance policies, and life insurance.
| Health Underwriter | Insurance Analyst | |
| Yearly salary | $81,313 | $55,424 |
| Hourly rate | $39.09 | $26.65 |
| Growth rate | -4% | -4% |
| Number of jobs | 52,926 | 44,280 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 58% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A health underwriter is faced with the responsibility of determining if an individual who has applied for a health insurance plan truly qualifies for it. This job is very important, as they will be tasked with ensuring that individuals do not only buy a health insurance plan when they are sick or require urgent medical attention. They may be responsible for choosing which risks a health insurance company will bear and the specific conditions in which clients' health will be covered.
An insurance analyst provides analytical services to maintain an efficient workflow at insurance companies. They are typically in charge of evaluating insurance policies to identify possible risks for the policyholder and the company, validating client information, and reviewing insurance applications to ensure their accuracy. They may meet with clients to answer inquiries, make arrangements, and advise which policies suit them the best. Moreover, an insurance analyst may process policy renewals and amendments, maintain records, perform cancellations, and investigate claims while adhering to the company's policies and regulations.
Health underwriters and insurance analysts have different pay scales, as shown below.
| Health Underwriter | Insurance Analyst | |
| Average salary | $81,313 | $55,424 |
| Salary range | Between $56,000 And $117,000 | Between $34,000 And $88,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | California |
| Best paying company | - | Credit Karma |
| Best paying industry | - | - |
There are a few differences between a health underwriter and an insurance analyst in terms of educational background:
| Health Underwriter | Insurance Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between health underwriters' and insurance analysts' demographics:
| Health Underwriter | Insurance Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 40.3% Female, 59.7% | Male, 28.7% Female, 71.3% |
| Race ratio | Black or African American, 8.9% Unknown, 2.5% Hispanic or Latino, 10.1% Asian, 5.8% White, 72.3% American Indian and Alaska Native, 0.4% | Black or African American, 11.1% Unknown, 2.4% Hispanic or Latino, 9.0% Asian, 5.4% White, 71.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |