Insurance and Risk Management Director Salary in the United States

How much does an Insurance and Risk Management Director make hourly in the United States? The average hourly wage for an Insurance and Risk Management Director in the United States is $62 as of April 27, 2019, but the range typically falls between $50 and $77. Hourly rate 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

Job Description

Insurance and Risk Management Director is the highest insurance and risk management position in the organization, with authority to make decisions on major risk management issues affecting the organization. Is accountable with achieving strategic objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key risk stakeholders. Being an Insurance and Risk Management Director this person typically owns the process of identifying, measuring and managing insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of the risk solutions that help optimize operations. Requires a bachelor's degree. Additionally, Insurance and Risk Management Director demonstrates expertise in a variety of the field's concepts, practices, and procedures. Typically reports to top management. The Insurance and Risk Management Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be an Insurance and Risk Management Director typically requires 5+ years of managerial experience. (Copyright 2019 Salary.com)

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Average Hourly Wage

Core compensation

 
 
 
50
77
62

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
53
89
67
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance and Risk Management Director in the United States. The average hourly rate for Insurance and Risk Management Director ranges from $50 to $77 with the average hourly pay of $62. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $53 to $89 with the average total hourly cash compensation of $67.
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50
77

 

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Career Path for this job

  1. Down a level:

    Corporate Insurance Manager

    5 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance and Risk Management Director


    Bachelor's Degree

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