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The differences between insurance specialists and insurance clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an insurance specialist and an insurance clerk. Additionally, an insurance specialist has an average salary of $34,281, which is higher than the $33,089 average annual salary of an insurance clerk.
The top three skills for an insurance specialist include patients, customer service and insurance coverage. The most important skills for an insurance clerk are patients, insurance verification, and data entry.
| Insurance Specialist | Insurance Clerk | |
| Yearly salary | $34,281 | $33,089 |
| Hourly rate | $16.48 | $15.91 |
| Growth rate | -3% | -3% |
| Number of jobs | 98,595 | 147,755 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 42% | High School Diploma, 29% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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 insurance clerk usually works to process insurance, reinstatement, changes, or cancellations for a company or an individual account. They are responsible for monitoring, processing, and organizing different insurance claims for a client. They usually work closely with the company's insurance agent to provide necessary information to process the clients' application. This career requires a broad knowledge of local and state insurance policies, good attention to detail, excellent communication skills, customer service skills, and administrative skills.
Insurance specialists and insurance clerks have different pay scales, as shown below.
| Insurance Specialist | Insurance Clerk | |
| Average salary | $34,281 | $33,089 |
| Salary range | Between $27,000 And $42,000 | Between $27,000 And $39,000 |
| Highest paying City | New York, NY | Henderson, NV |
| Highest paying state | New Hampshire | New Hampshire |
| Best paying company | Deloitte | Lenoir Memorial Hospital |
| Best paying industry | Government | Finance |
There are a few differences between an insurance specialist and an insurance clerk in terms of educational background:
| Insurance Specialist | Insurance Clerk | |
| Most common degree | Bachelor's Degree, 42% | High School Diploma, 29% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between insurance specialists' and insurance clerks' demographics:
| Insurance Specialist | Insurance Clerk | |
| Average age | 44 | 44 |
| Gender ratio | Male, 22.1% Female, 77.9% | Male, 8.3% Female, 91.7% |
| 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, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |