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Reinsurance claims analyst vs liability claims representative

The differences between reinsurance claims analysts and liability 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 liability claims representative. Additionally, a reinsurance claims analyst has an average salary of $92,324, which is higher than the $45,654 average annual salary of a liability claims representative.

The top three skills for a reinsurance claims analyst include data analysis, surety and client accounts. The most important skills for a liability claims representative are litigation, claims handling, and customer service.

Reinsurance claims analyst vs liability claims representative overview

Reinsurance Claims AnalystLiability Claims Representative
Yearly salary$92,324$45,654
Hourly rate$44.39$21.95
Growth rate-6%-6%
Number of jobs18,83313,563
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 81%
Average age4444
Years of experience66

Reinsurance claims analyst vs liability claims representative salary

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

Reinsurance Claims AnalystLiability Claims Representative
Average salary$92,324$45,654
Salary rangeBetween $64,000 And $132,000Between $33,000 And $61,000
Highest paying CitySan Francisco, CASomerville, MA
Highest paying stateWashingtonNew Jersey
Best paying companyCNA InsuranceThe Travelers Companies
Best paying industryFinanceInsurance

Differences between reinsurance claims analyst and liability claims representative education

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

Reinsurance Claims AnalystLiability Claims Representative
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 81%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Reinsurance claims analyst vs liability claims representative demographics

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

Reinsurance Claims AnalystLiability Claims Representative
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 43.1% Female, 56.9%
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, 11.5% Unknown, 4.4% Hispanic or Latino, 16.7% Asian, 5.2% White, 61.7% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between reinsurance claims analyst and liability 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.
  • Show more

Liability claims representative example responsibilities.

  • Investigate, evaluate, and manage call to complete coverage analysis confirming or denying coverage using Xactimate estimating software.
  • Investigate and conclude property and casualty liability claims including those in litigation with the highest overall production of the claims representatives.
  • Participate in arbitration hearings through writing contentions, compiling evidence and personally representing files.
  • Control expenses by developing and following resolutions and/or litigation plans to drive claim to resolution.
  • Facilitate training seminars for new employees to familiarize them with various corporate procedures including exposure recognition, fraud detection and arbitration.
  • Complete field inspection of losses including accurate scope of damages, photographic evidence collection, written estimates utilizing Xactimate estimating software.
  • Show more

Reinsurance claims analyst vs liability 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 liability claims representative skills
  • Litigation, 9%
  • Claims Handling, 8%
  • Customer Service, 7%
  • Law Enforcement Agencies, 6%
  • Insurance Claims, 6%
  • Reservations, 6%

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