Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between insurance analysts and claims supervisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a claims supervisor has an average salary of $75,263, which is higher than the $55,424 average annual salary of an insurance analyst.
The top three skills for an insurance analyst include insurance coverage, insurance policies and life insurance. The most important skills for a claims supervisor are customer service, corrective action, and claims adjusters.
| Insurance Analyst | Claims Supervisor | |
| Yearly salary | $55,424 | $75,263 |
| Hourly rate | $26.65 | $36.18 |
| Growth rate | -4% | -6% |
| Number of jobs | 44,280 | 13,197 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | - | 6 |
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.
A claims supervisor is in charge of overseeing the workflow and the workforce involved in processing insurance claims, ensuring accuracy and smooth progress. Their responsibilities typically revolve around liaising with key clients and third party agencies, assisting staff in negotiating terms, verifying the authenticity and completeness of all applications, monitoring the finances, and resolving complex issues. Furthermore, as a claims supervisor, it is essential to lead and encourage the team to reach goals, all while making sure that they adhere to the company's policies and regulations.
Insurance analysts and claims supervisors have different pay scales, as shown below.
| Insurance Analyst | Claims Supervisor | |
| Average salary | $55,424 | $75,263 |
| Salary range | Between $34,000 And $88,000 | Between $48,000 And $117,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Credit Karma | W. R. Berkley |
| Best paying industry | - | Retail |
There are a few differences between an insurance analyst and a claims supervisor in terms of educational background:
| Insurance Analyst | Claims Supervisor | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between insurance analysts' and claims supervisors' demographics:
| Insurance Analyst | Claims Supervisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 28.7% Female, 71.3% | Male, 40.8% Female, 59.2% |
| Race ratio | 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% | Black or African American, 10.7% Unknown, 4.4% Hispanic or Latino, 17.1% Asian, 5.3% White, 62.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 9% | 10% |