Insurance Risk Manager Salary in Virginia

How much does an Insurance Risk Manager make in Virginia? The average Insurance Risk Manager salary in Virginia is $117,381 as of August 27, 2020, but the range typically falls between $99,135 and $137,105. 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 Virginia

About Virginia    Virginia (/vərˈdʒɪniə/ (listen)), officially the Commonwealth of Virginia, is a state in the Southeastern and Mid-Atlantic regions of the United State....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

Loading results...
Location Avg. Salary Date Updated
Location Abingdon, VA Avg. Salary $103,678 Date Updated August 27, 2020
Location Accomac, VA Avg. Salary $112,507 Date Updated August 27, 2020
Location Achilles, VA Avg. Salary $111,837 Date Updated August 27, 2020
Location Afton, VA Avg. Salary $109,479 Date Updated August 27, 2020
Location Alberta, VA Avg. Salary $118,202 Date Updated August 27, 2020
Location Aldie, VA Avg. Salary $132,582 Date Updated August 27, 2020
Location Alexandria, VA Avg. Salary $133,180 Date Updated August 27, 2020
Location Altavista, VA Avg. Salary $109,702 Date Updated August 27, 2020
Location Alton, VA Avg. Salary $112,638 Date Updated August 27, 2020
Location Amelia Court House, VA Avg. Salary $118,429 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

Salary for

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
Job Openings for Insurance Risk Manager in