Salary for
Insurance and Risk Management Director in the United States

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, helps you determine your exact pay target.  View Cost of Living in Major Cities

Job Description

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.

Take just three simple steps below to generate your own personalized salary report.

Salary range for a Insurance and Risk Management Director
Customize your search to determine an exact salary target
Step of 3

Understand the total compensation opportunity for a Insurance and Risk Management Director, base salary plus other pay elements

Average Base Salary

Core compensation


Average Total Compensation

Includes bonus, healthcare, and retirement

These charts show the average base salary (core compensation), as well as the average total compensation for the job of Insurance and Risk Management Director in the United States. The base salary for Insurance and Risk Management Director ranges from $103,191 to $160,275 with the average base salary of $127,941. The total compensation, which includes bonus, health and retirement, can vary anywhere from $109,122 to $184,386 with the average total compensation of $139,055.
Step of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

Your Salary


Step of 3

Recalculate your target pay based on your unique skills and experiences

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

Salary for

Are you an HR manager or compensation specialist?'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 and Risk Management Director