Insurance Risk Analyst I Salary in the United States

How much does an Insurance Risk Analyst I make hourly in the United States? The average hourly wage for an Insurance Risk Analyst I in the United States is $31 as of April 26, 2022, but the range typically falls between $27 and $37. 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

Analyzes the insurance needs of an organization to provide optimum coverage, costs, and claim settlements. Collects, classifies, and analyzes data from multiple sources such as audits, claims, renewals and financial reporting. Creates risk forecasting models and reporting using business intelligence tools. Collaborates with cross-functional teams to ensure reporting and processing of all policy audits, payments, claims, and renewals. Supports loss prevention and safety initiatives. Requires a bachelor's degree. Typically reports to a supervisor or manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. (Copyright 2022 Salary.com)

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Average Hourly Wage

Core compensation

 
 
 
27
37
31

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
28
39
32
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance Risk Analyst I in the United States. The average hourly rate for Insurance Risk Analyst I ranges from $27 to $37 with the average hourly pay of $31. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $28 to $39 with the average total hourly cash compensation of $32.
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27
37

 

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Career Path for this job

  1. This Job:

    Insurance Risk Analyst I

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Insurance Risk Analyst II

    2 - 4 years experience
    Bachelor's Degree

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Job Openings for Insurance Risk Analyst I