Insurance Risk Manager Salary in Maryland

How much does an Insurance Risk Manager make in Maryland? The average Insurance Risk Manager salary in Maryland is $126,047 as of August 27, 2020, but the range typically falls between $106,454 and $147,226. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. View the Cost of Living in Maryland

About Maryland    Maryland (US: /ˈmɛrələnd/ (listen) MERR-əl-ənd) is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the....More

Job Description

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 2020 Salary.com)

Select a city to view specific salary and bonus information for Insurance Risk Manager

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Location Avg. Salary Date Updated
Location Abell, MD Avg. Salary $132,582 Date Updated August 27, 2020
Location Aberdeen, MD Avg. Salary $121,139 Date Updated August 27, 2020
Location Aberdeen Proving Ground, MD Avg. Salary $121,945 Date Updated August 27, 2020
Location Abingdon, MD Avg. Salary $120,922 Date Updated August 27, 2020
Location Accident, MD Avg. Salary $109,779 Date Updated August 27, 2020
Location Accokeek, MD Avg. Salary $132,941 Date Updated August 27, 2020
Location Adamstown, MD Avg. Salary $130,034 Date Updated August 27, 2020
Location Allen, MD Avg. Salary $127,533 Date Updated August 27, 2020
Location Andrews Air Force Base, MD Avg. Salary $133,139 Date Updated August 27, 2020
Location Annapolis, MD Avg. Salary $126,771 Date Updated August 27, 2020

Career Path for this job

  1. Down a level:

    Insurance Risk Analyst IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance Risk Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Risk Director


    Bachelor's Degree

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