Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between insurance processors and data processors 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 processor, becoming a data processor takes usually requires 1-2 years. Additionally, a data processor has an average salary of $33,076, which is higher than the $33,041 average annual salary of an insurance processor.
The top three skills for an insurance processor include data entry, customer service and phone calls. The most important skills for a data processor are computer database, data processing, and financial data.
| Insurance Processor | Data Processor | |
| Yearly salary | $33,041 | $33,076 |
| Hourly rate | $15.89 | $15.90 |
| Growth rate | -3% | - |
| Number of jobs | 50,523 | 92,954 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 33% | Bachelor's Degree, 40% |
| Average age | 44 | 44 |
| Years of experience | 4 | 2 |
Insurance Processors deal with the processing of insurance applications, amendments of policies, changes, and cancellations. An Insurance Processor works with the client to choose the best insurance package and advise them on how to maximize their benefits. Clients need to understand the insurance process by answering inquiries. It is also essential that an Insurance Processor work hand in hand with the client, guiding them through the process, explaining all crucial parts of the insurance to establish trust in you and the company.
A data processor is responsible for encoding various information to the organization's database, originating from either manual or electronic communications. Data processors must be highly detail-oriented, especially on analyzing the completeness of data before uploading it to the system. In some cases, a data processor performs in-depth research to verify the authenticity of the information. A data processor should have excellent typing skills and knowledge with office software tools to create proper formatting and ensure accuracy for easy comprehension.
Insurance processors and data processors have different pay scales, as shown below.
| Insurance Processor | Data Processor | |
| Average salary | $33,041 | $33,076 |
| Salary range | Between $28,000 And $38,000 | Between $26,000 And $40,000 |
| Highest paying City | Leawood, KS | Los Angeles, CA |
| Highest paying state | Connecticut | Alaska |
| Best paying company | Moore County Hospital District | AECOM |
| Best paying industry | Finance | Technology |
There are a few differences between an insurance processor and a data processor in terms of educational background:
| Insurance Processor | Data Processor | |
| Most common degree | Bachelor's Degree, 33% | Bachelor's Degree, 40% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance processors' and data processors' demographics:
| Insurance Processor | Data Processor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 16.3% Female, 83.7% | Male, 31.2% Female, 68.8% |
| Race ratio | Black 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, 9.9% Unknown, 4.2% Hispanic or Latino, 20.7% Asian, 8.5% White, 56.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 5% |