How much does a Insurance and Risk Management Director earn in the United States? The average Insurance and Risk Management Director salary in the United States is $127,941 as of March 28, 2019, but the range typically falls between $103,191 and $160,275. 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 Cost of Living in Major Cities
This is the highest insurance and risk management position in the organization, with authority to make decisions on major risk management issues affecting the organization. Accountable for achieving strategic objectives, ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading and/or directing key risk stakeholders. 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. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Typically reports to top management. 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. Typically requires 5+ years of managerial experience.
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Includes bonus, healthcare, and retirement
5 + years experience
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