Insurance Risk Analyst III Salary in the United States

How much does an Insurance Risk Analyst III make hourly in the United States? The average hourly wage for an Insurance Risk Analyst III in the United States is $47 as of May 25, 2023, but the range typically falls between $41 and $53. 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 generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4 -7 years of related experience. (Copyright 2023 Salary.com)

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Understand the total hourly compensation opportunity for a Insurance Risk Analyst III, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
41
53
47

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
43
57
50
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 III in the United States. The average hourly rate for Insurance Risk Analyst III ranges from $41 to $53 with the average hourly pay of $47. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $43 to $57 with the average total hourly cash compensation of $50.
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41
53

 

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Career Path for this job

  1. Down a level:

    Insurance Risk Analyst II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Risk Analyst III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Risk Analyst IV

    7 + years experience
    Bachelor's Degree

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Job Openings for Insurance Risk Analyst III