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The differences between insurance appraisers and claims analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an insurance appraiser, becoming a claims analyst takes usually requires 4-6 years. Additionally, an insurance appraiser has an average salary of $53,229, which is higher than the $48,398 average annual salary of a claims analyst.
The top three skills for an insurance appraiser include windows, CCC and insurance appraisals. The most important skills for a claims analyst are customer service, medical terminology, and CPT.
| Insurance Appraiser | Claims Analyst | |
| Yearly salary | $53,229 | $48,398 |
| Hourly rate | $25.59 | $23.27 |
| Growth rate | -6% | -6% |
| Number of jobs | 34,724 | 22,062 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 52% |
| Average age | 44 | 44 |
| Years of experience | 4 | 6 |
An appraiser is responsible for assessing a client's personal property, such as homes, cars, or jewelry. They provide an impartial and unbiased judgment about the property's value, assisting clients who wish to buy, sell, manage, and invest money. Usually, they work with an adjuster and conduct repairs or replacements of products.
A claims analyst specializes in processing medical insurance claims. They are primarily responsible for verifying the authenticity and eligibility of claims, analyzing the billing, communicating with policyholders, and ensuring adherence to all the policies and regulations during the entire procedure. Furthermore, a claims analyst is also in charge of administrative tasks such as keeping and updating records, reaching out and sending reports to creditors, setting appointments and schedules, processing paperwork, coordinating with key personnel, and discussing terms and necessary information to clients.
Insurance appraisers and claims analysts have different pay scales, as shown below.
| Insurance Appraiser | Claims Analyst | |
| Average salary | $53,229 | $48,398 |
| Salary range | Between $37,000 And $74,000 | Between $29,000 And $78,000 |
| Highest paying City | - | Trenton, NJ |
| Highest paying state | - | New Jersey |
| Best paying company | - | |
| Best paying industry | - | - |
There are a few differences between an insurance appraiser and a claims analyst in terms of educational background:
| Insurance Appraiser | Claims Analyst | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between insurance appraisers' and claims analysts' demographics:
| Insurance Appraiser | Claims Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 79.0% Female, 21.0% | Male, 27.6% Female, 72.4% |
| Race ratio | Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 15.9% Asian, 5.6% White, 62.2% American Indian and Alaska Native, 0.5% | Black or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 62.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |