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Insurance analyst vs claims supervisor

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 vs claims supervisor overview

Insurance AnalystClaims Supervisor
Yearly salary$55,424$75,263
Hourly rate$26.65$36.18
Growth rate-4%-6%
Number of jobs44,28013,197
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 64%
Average age4444
Years of experience-6

What does an insurance analyst do?

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.

What does a claims supervisor do?

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 analyst vs claims supervisor salary

Insurance analysts and claims supervisors have different pay scales, as shown below.

Insurance AnalystClaims Supervisor
Average salary$55,424$75,263
Salary rangeBetween $34,000 And $88,000Between $48,000 And $117,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyCredit KarmaW. R. Berkley
Best paying industry-Retail

Differences between insurance analyst and claims supervisor education

There are a few differences between an insurance analyst and a claims supervisor in terms of educational background:

Insurance AnalystClaims Supervisor
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Insurance analyst vs claims supervisor demographics

Here are the differences between insurance analysts' and claims supervisors' demographics:

Insurance AnalystClaims Supervisor
Average age4444
Gender ratioMale, 28.7% Female, 71.3%Male, 40.8% Female, 59.2%
Race ratioBlack 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 Percentage9%10%

Differences between insurance analyst and claims supervisor duties and responsibilities

Insurance analyst example responsibilities.

  • Cold-Cal to generate leads for individual life and disability insurance and annuities.
  • Organize and examine medical records for physical therapy clinics for patients, attorneys and disability insurance claims.
  • Verify insurance benefits for specialty medications cover under both pharmacy and major medical benefits and communicate coverage to patients and physicians.
  • Prepare project kickoff PowerPoint presentation for client site visits.
  • Review retail and wholesale files to submit to FHA for HUD insuring.
  • Provide supporting documentation and reconciliation reports for monthly close and billing using GAAP.
  • Show more

Claims supervisor example responsibilities.

  • Manage, train and continuously develop a team consisting of both inside SIU investigators and field investigators.
  • Apply fundamentals of insurance investigation and resolution to an introductory leadership role managing complex claim files and tort litigation files.
  • Make determinations to authorize payments via XACTIMATE software.
  • Assist TPA in obtaining company documentation and scheduling employee interviews in investigation of claims.
  • Advise physician on any changes with CPT and ICD-9 coding to maximize reimbursements and minimize denials.
  • Provide oversight and direction for highly complicate claim reviews base on policy, procedure and CMS guidelines.
  • Show more

Insurance analyst vs claims supervisor skills

Common insurance analyst skills
  • Insurance Coverage, 11%
  • Insurance Policies, 8%
  • Life Insurance, 6%
  • Patients, 5%
  • Health Insurance, 5%
  • PowerPoint, 5%
Common claims supervisor skills
  • Customer Service, 25%
  • Corrective Action, 7%
  • Claims Adjusters, 6%
  • Litigation, 6%
  • Claims Handling, 5%
  • Performance Reviews, 4%

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