How much does an Insurance Risk Manager make in the United States? The average Insurance Risk Manager salary in the United States is $132,506 as of May 25, 2023, but the range typically falls between $113,867 and $155,367. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities
Manages an organization's overall insurance programs. Analyzes insurance needs by identifying risk exposures and analyzing and classifying risks to provide optimum coverage, costs and claim settlements. Conducts regular policy reviews, research and compile loss trends, review actuarial estimations. Administers systems to collect data and generate meaningful models and reporting to support decisions. Coordinates policy renewals and applications. May administer self- insured plans. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2023 Salary.com)
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Core compensation
Includes base and annual incentives
7 + years experience
Bachelor's Degree
5 + years experience
Bachelor's Degree
Bachelor's Degree
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job TitleBranch Manager - Insurance | Experience | EducationBachelors | Salary Compared to This Job |
Job TitleInsurance Risk Analyst I | Experience0 - 2 | EducationBachelors | Salary Compared to This Job |
Job TitleInsurance Risk Analyst II | Experience2 - 4 | EducationBachelors | Salary Compared to This Job |
Job TitleInsurance Risk Analyst IV | Experience7 + | EducationBachelors | Salary Compared to This Job |
Job TitleInsurance Risk Director | Experience | EducationBachelors | Salary Compared to This Job |