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The differences between insurance examiners and risk and insurance consultants 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 examiner, becoming a risk and insurance consultant takes usually requires 4-6 years. Additionally, a risk and insurance consultant has an average salary of $90,307, which is higher than the $50,967 average annual salary of an insurance examiner.
The top three skills for an insurance examiner include EKG, financial statements and blood pressure. The most important skills for a risk and insurance consultant are financial services, risk assessments, and portfolio.
| Insurance Examiner | Risk And Insurance Consultant | |
| Yearly salary | $50,967 | $90,307 |
| Hourly rate | $24.50 | $43.42 |
| Growth rate | -6% | 11% |
| Number of jobs | 39,601 | 61,774 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 46% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
A claims examiner is responsible for conducting a claim review of a client against a particular insurance company--usually a health and life insurance company. An examiner must review claims and then approve them, reject them, or develop a possible settlement. They need to communicate with policyholders and insurance agents to assess if all the information under the company's claims guidelines and policies are correct and accurate.
A risk and insurance consultant is a person whose job is to advise organizations and companies on what might happen in the future and how to deal with it. They advise the management on the next steps and possible outcomes. A risk and insurance consultant does research and calculations and uses that to predict or solve financial or risk issues.
Insurance examiners and risk and insurance consultants have different pay scales, as shown below.
| Insurance Examiner | Risk And Insurance Consultant | |
| Average salary | $50,967 | $90,307 |
| Salary range | Between $34,000 And $76,000 | Between $69,000 And $117,000 |
| Highest paying City | Farmington, CT | San Francisco, CA |
| Highest paying state | Rhode Island | Rhode Island |
| Best paying company | RSM US | McKinsey & Company Inc |
| Best paying industry | Health Care | Insurance |
There are a few differences between an insurance examiner and a risk and insurance consultant in terms of educational background:
| Insurance Examiner | Risk And Insurance Consultant | |
| Most common degree | Bachelor's Degree, 46% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance examiners' and risk and insurance consultants' demographics:
| Insurance Examiner | Risk And Insurance Consultant | |
| Average age | 44 | 43 |
| Gender ratio | Male, 24.1% Female, 75.9% | Male, 67.7% Female, 32.3% |
| Race ratio | Black or African American, 12.3% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 6.0% White, 61.0% American Indian and Alaska Native, 0.5% | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 4% |