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The differences between insurance specialists and account specialists 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 specialist, becoming an account specialist takes usually requires 6-12 months. Additionally, an account specialist has an average salary of $42,586, which is higher than the $34,281 average annual salary of an insurance specialist.
The top three skills for an insurance specialist include patients, customer service and insurance coverage. The most important skills for an account specialist are customer service, patients, and account management.
| Insurance Specialist | Account Specialist | |
| Yearly salary | $34,281 | $42,586 |
| Hourly rate | $16.48 | $20.47 |
| Growth rate | -3% | -8% |
| Number of jobs | 98,595 | 116,010 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 42% | Bachelor's Degree, 54% |
| Average age | 44 | 46 |
| Years of experience | 4 | 12 |
An insurance specialist is an individual responsible for interpreting insurance plans and providing risk management advice to clients and wealth managers. Insurance specialists must have a full understanding of risk management to craft a comprehensive solution that integrates well with the client's portfolio. They need to manage their clients' accounts and should maintain contact with clients after the application process. Insurance specialists must ensure that government insurance programs comply with federal laws, regulations, and contracts within the healthcare industry.
An account specialist is responsible for reaching out to customers or potential clients through calls, emails, and other forms of correspondence to secure sales and strengthen business relations. An account specialist may also perform other tasks such as arranging appointment schedules with clients, providing price quotes and responding to further inquiries, process orders, generating sales leads, and handling complaints and resolving issues. Furthermore, an account specialist may also be involved in developing strategies, finding new opportunities, producing and completing necessary documents, and preparing reports, all in adherence to the company's policies and regulations.
Insurance specialists and account specialists have different pay scales, as shown below.
| Insurance Specialist | Account Specialist | |
| Average salary | $34,281 | $42,586 |
| Salary range | Between $27,000 And $42,000 | Between $28,000 And $62,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New Hampshire | Virginia |
| Best paying company | Deloitte | Microsoft |
| Best paying industry | Government | Finance |
There are a few differences between an insurance specialist and an account specialist in terms of educational background:
| Insurance Specialist | Account Specialist | |
| Most common degree | Bachelor's Degree, 42% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance specialists' and account specialists' demographics:
| Insurance Specialist | Account Specialist | |
| Average age | 44 | 46 |
| Gender ratio | Male, 22.1% Female, 77.9% | Male, 32.2% Female, 67.8% |
| 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, 13.2% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 3.7% White, 60.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 8% |