Reinsurance claims analyst vs claim processor

The differences between reinsurance claims analysts and claim processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a reinsurance claims analyst and a claim processor. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $41,201 average annual salary of a claim processor.

The top three skills for a reinsurance claims analyst include data analysis, surety and client accounts. The most important skills for a claim processor are customer service, data entry, and medical terminology.

Reinsurance claims analyst vs claim processor overview

	Reinsurance Claims Analyst	Claim Processor
Yearly salary	$92,324	$41,201
Hourly rate	$44.39	$19.81
Growth rate	-6%	-6%
Number of jobs	18,833	11,542
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 43%
Average age	44	44
Years of experience	6	6

Reinsurance claims analyst vs claim processor salary

Reinsurance claims analysts and claim processors have different pay scales, as shown below.

	Reinsurance Claims Analyst	Claim Processor
Average salary	$92,324	$41,201
Salary range	Between $64,000 And $132,000	Between $26,000 And $62,000
Highest paying City	San Francisco, CA	Columbia, MD
Highest paying state	Washington	Connecticut
Best paying company	CNA Insurance	NTT Data International L.L.C.
Best paying industry	Finance	Insurance

Differences between reinsurance claims analyst and claim processor education

There are a few differences between a reinsurance claims analyst and a claim processor in terms of educational background:

	Reinsurance Claims Analyst	Claim Processor
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 43%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Reinsurance claims analyst vs claim processor demographics

Here are the differences between reinsurance claims analysts' and claim processors' demographics:

	Reinsurance Claims Analyst	Claim Processor
Average age	44	44
Gender ratio	Male, 38.0% Female, 62.0%	Male, 22.9% Female, 77.1%
Race ratio	Black or African American, 10.5% Unknown, 4.4% Hispanic or Latino, 16.4% Asian, 5.1% White, 63.0% American Indian and Alaska Native, 0.5%	Black or African American, 11.2% Unknown, 4.4% Hispanic or Latino, 16.7% Asian, 5.2% White, 62.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	10%

Differences between reinsurance claims analyst and claim processor duties and responsibilities

Reinsurance claims analyst example responsibilities.

Help managed meetings regarding decision making on CMS regulations.
Conduct quarterly internal commutations SOX testing.
Ensure the privacy and security of protect health information per HIPPA requirements
Confirm general ledger shows all accounting transactions for given period and reconciliations are conduct.
Request and review documentation and testing in order to qualify patients for Medicare and Medicaid coverage.
Analyze office administration support for analysts supporting DOD projects to identify efficiency opportunities to prototype and write report of analysis findings.

Claim processor example responsibilities.

Experience in many facets of the managed healthcare insurance business.
Manage claims, route/queues, and ECHS, within specify turn- around time parameters.
Use ICD-9, CPT-4 and other medical manuals to adjudicate claims.
Analyze claims submit by providers and facilities for appropriate ICD-9, CPT and HCPCS codes against charges that are being bill.
Call DME and HME companies to correct invoices.
Coach and assist in the training of new EMR databases.

Reinsurance claims analyst vs claim processor skills

Common reinsurance claims analyst skills

Data Analysis, 47%
Surety, 13%
Client Accounts, 7%
Reconciliations, 4%
Reinsurance Contracts, 4%
Financial Reports, 4%

Common claim processor skills

Customer Service, 20%
Data Entry, 8%
Medical Terminology, 5%
CPT, 5%
Claims Processing, 4%
Medical Insurance Claims, 4%

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Reinsurance Claims Analyst
Reinsurance Claims Analyst vs Claim Processor

Updated January 8, 2025

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