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Insurance solicitor vs insurance broker

The differences between insurance solicitors and insurance brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance broker has an average salary of $94,006, which is higher than the $46,251 average annual salary of an insurance solicitor.

The top three skills for an insurance solicitor include endorsements, direct calls and . The most important skills for an insurance broker are customer service, life insurance products, and lead generation.

Insurance solicitor vs insurance broker overview

Insurance SolicitorInsurance Broker
Yearly salary$46,251$94,006
Hourly rate$22.24$45.20
Growth rate6%6%
Number of jobs36,34338,403
Job satisfaction--
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 64%
Average age4646
Years of experience--

Insurance solicitor vs insurance broker salary

Insurance solicitors and insurance brokers have different pay scales, as shown below.

Insurance SolicitorInsurance Broker
Average salary$46,251$94,006
Salary rangeBetween $30,000 And $69,000Between $62,000 And $141,000
Highest paying City-Birmingham, AL
Highest paying state-Washington
Best paying company-Liberty Mutual Insurance
Best paying industry-Insurance

Differences between insurance solicitor and insurance broker education

There are a few differences between an insurance solicitor and an insurance broker in terms of educational background:

Insurance SolicitorInsurance Broker
Most common degreeBachelor's Degree, 48%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeBoston UniversityUniversity of Pennsylvania

Insurance solicitor vs insurance broker demographics

Here are the differences between insurance solicitors' and insurance brokers' demographics:

Insurance SolicitorInsurance Broker
Average age4646
Gender ratioMale, 39.5% Female, 60.5%Male, 62.5% Female, 37.5%
Race ratioBlack or African American, 7.2% Unknown, 3.5% Hispanic or Latino, 11.4% Asian, 4.2% White, 73.6% American Indian and Alaska Native, 0.1%Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between insurance solicitor and insurance broker duties and responsibilities

Insurance solicitor example responsibilities.

  • Cold-Cal to generate leads for individual life and disability insurance and annuities.
  • Contact police officers for additional information need, sort fingerprint reports, maintain monthly files, and notarize subpoenas of officers.
  • Ensure all require documents are sign, file and fax appropriately and follow all compliance guidelines and procedures by Allstate.

Insurance broker example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Work as an independent financial planner selling life insurance and annuities to individuals and families
  • 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 solicitor vs insurance broker skills

Common insurance solicitor skills
  • Endorsements, 51%
  • Direct Calls, 49%
Common insurance broker skills
  • Customer Service, 11%
  • Life Insurance Products, 8%
  • Lead Generation, 8%
  • Financial Resources, 8%
  • Annuities, 8%
  • Insurance Carriers, 6%