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Reinsurance claims analyst vs claims representative

The differences between reinsurance claims analysts and claims representatives 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 claims representative. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $38,796 average annual salary of a claims representative.

The top three skills for a reinsurance claims analyst include data analysis, surety and client accounts. The most important skills for a claims representative are customer service, quality standards, and policy coverage.

Reinsurance claims analyst vs claims representative overview

Reinsurance Claims AnalystClaims Representative
Yearly salary$92,324$38,796
Hourly rate$44.39$18.65
Growth rate-6%-6%
Number of jobs18,83318,565
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 62%
Average age4444
Years of experience66

Reinsurance claims analyst vs claims representative salary

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

Reinsurance Claims AnalystClaims Representative
Average salary$92,324$38,796
Salary rangeBetween $64,000 And $132,000Between $28,000 And $53,000
Highest paying CitySan Francisco, CADearborn, MI
Highest paying stateWashingtonNew Jersey
Best paying companyCNA InsuranceW. R. Berkley
Best paying industryFinanceGovernment

Differences between reinsurance claims analyst and claims representative education

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

Reinsurance Claims AnalystClaims Representative
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Reinsurance claims analyst vs claims representative demographics

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

Reinsurance Claims AnalystClaims Representative
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 37.5% Female, 62.5%
Race ratioBlack 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, 11.0% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 62.4% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between reinsurance claims analyst and claims representative 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.
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Claims representative example responsibilities.

  • Perform initial set-up and continuously manage claims in the Juris claims management system.
  • Investigate, evaluate, and manage call to complete coverage analysis confirming or denying coverage using Xactimate estimating software.
  • Prepare necessary state filings within statutory limits, manage litigation and vocational rehabilitation process, used appropriate cost containment techniques.
  • Assist the training department in developing CSR training in order to set expectations.
  • Create custom templates and guide sheets for new trainees in the CSR Internet division to ensure consistency and increase department efficiency.
  • Utilize proper SIU reporting procedures for extensive investigation as required.
  • Show more

Reinsurance claims analyst vs claims representative skills

Common reinsurance claims analyst skills
  • Data Analysis, 47%
  • Surety, 13%
  • Client Accounts, 7%
  • Reconciliations, 4%
  • Reinsurance Contracts, 4%
  • Financial Reports, 4%
Common claims representative skills
  • Customer Service, 26%
  • Quality Standards, 6%
  • Policy Coverage, 6%
  • Reservations, 5%
  • Claims Handling, 3%
  • Insurance Coverage, 3%

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