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Insurance assistant vs insurance producer

The differences between insurance assistants and insurance producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance producer has an average salary of $65,112, which is higher than the $35,308 average annual salary of an insurance assistant.

The top three skills for an insurance assistant include endorsements, data entry and customer service. The most important skills for an insurance producer are casualty insurance, customer service, and develop leads.

Insurance assistant vs insurance producer overview

Insurance AssistantInsurance Producer
Yearly salary$35,308$65,112
Hourly rate$16.98$31.30
Growth rate-3%6%
Number of jobs34,57944,922
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 53%
Average age4446
Years of experience4-

What does an insurance assistant do?

Insurance assistants work alongside insurance agents to gather information from clients, maintain insurance records, prepare documentation, handle mail and correspondence, calculate insurance premiums and awards, and recommend claim actions. Qualifications like good communication and negotiation skills, customer service orientation, research skills, and attention to detail are required for this position.

What does an insurance producer do?

An insurance producer is responsible for selling and buying financial services and products for an insurance company. They negotiate issues regarding health, life insurance, and other properties. Also, an insurance producer maintains a good relationship between clients and prospective clients by offering the best insurance service and ensuring that all the policies and guidelines are fully followed.

Insurance assistant vs insurance producer salary

Insurance assistants and insurance producers have different pay scales, as shown below.

Insurance AssistantInsurance Producer
Average salary$35,308$65,112
Salary rangeBetween $29,000 And $42,000Between $45,000 And $93,000
Highest paying City-Madison, WI
Highest paying state-Wisconsin
Best paying company-Dahl Consulting
Best paying industry-Real Estate

Differences between insurance assistant and insurance producer education

There are a few differences between an insurance assistant and an insurance producer in terms of educational background:

Insurance AssistantInsurance Producer
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Insurance assistant vs insurance producer demographics

Here are the differences between insurance assistants' and insurance producers' demographics:

Insurance AssistantInsurance Producer
Average age4446
Gender ratioMale, 18.8% Female, 81.2%Male, 51.9% Female, 48.1%
Race ratioBlack or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%Black or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1%
LGBT Percentage11%7%

Differences between insurance assistant and insurance producer duties and responsibilities

Insurance assistant example responsibilities.

  • Cold-Cal to generate leads for individual life and disability insurance and annuities.
  • Analyze Medicaid models, Medicare and HIPAA transaction documents.
  • Assign ICD-9 and CPT codes to office visit and inpatient and outpatient procedures.
  • Process electronic claims, pre-existing and subrogation investigation, point of service, and PPO and HMO processing.
  • Train staff on billing software in regards to CPT codes and pricing, submission procedures, and industry regulations.
  • Perform verification of Medicare and Medicaid coverage and limits.
  • Show more

Insurance producer example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
  • Deliver on the GEICO promise to customers by solving problems and giving competent insurance advice in a courteous and proficient manner.

Insurance assistant vs insurance producer skills

Common insurance assistant skills
  • Endorsements, 13%
  • Data Entry, 10%
  • Customer Service, 9%
  • Insurance Policies, 8%
  • Photocopying, 5%
  • Loss Runs, 4%
Common insurance producer skills
  • Casualty Insurance, 7%
  • Customer Service, 7%
  • Develop Leads, 6%
  • Health Insurance, 6%
  • Financial Services, 5%
  • Phone Calls, 5%

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