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Insurance Risk Analyst Salary in New York

How much does an Insurance Risk Analyst make in New York? As of September 01, 2026, the average salary for an Insurance Risk Analyst in New York is $87,598 per year, which breaks down to an hourly rate of $42.

However, an Insurance Risk Analyst's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $102,899
  • Majority Range (25th-75th percentile): $81,578 to $95,607
  • Entry-Level (10th percentile): $76,097
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Check out Insurance Risk Analyst Job Openings in New York

Key Factors That Influence Insurance Risk Analyst Salaries

An Insurance Risk Analyst's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Insurance Risk Analyst Salaries?

Experience is a primary driver of an Insurance Risk Analyst's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $69,947
  • Early Career (1-2 years): $85,930
  • Mid-Level (2-4 years): $104,561
  • Senior-Level (5-8 years): $132,550
  • Expert (over 8 years): $168,516
Job RoleYears of ExperienceAverage Salary
Risk Analyst I less than 1 year $69,947
Insurance Risk Analyst 1-2 years $85,930
Risk Analyst III 2-4 years $104,561
Risk Analyst IV 5-8 years $132,550
Risk Analyst V over 8 years $168,516

How Do Insurance Risk Analyst Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Risk Analysts. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $91,232.
  • California: $90,886.
  • Massachusetts: $89,675.

Top Paying Cities for Insurance Risk Analyst

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Holtsville: $90,409
  • Brentwood: $90,257
  • Brightwaters: $89,453

Insurance Risk Analyst Salary by Industry: Top Paying Sectors

For Insurance Risk Analyst roles, the industry you choose can affect earning potential by as much as 43% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Energy & Utilities sectors offer the strongest compensation, at 18% above the average. In contrast, Insurance Risk Analyst positions in Hospitality & Leisure or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Insurance Risk Analyst as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Risk Analyst

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Insurance $103,366 $50.0 18%
Energy & Utilities $100,738 $48.0 15%
Software & Networking $98,986 $48.0 13%
Healthcare $98,110 $47.0 12%
Internet $98,110 $47.0 12%

Insurance Risk Analyst Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Risk Analyst's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$81,578
Average $87,598/year
$95,607
$6,798
Average $7,300/month
$7,967
$1,569
Average $1,685/week
$1,839
$39
Average $42/hour
$46
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $95,607 $7,967 $1,839 $46
Average $87,598 $7,300 $1,685 $42
25th Percentile $81,578 $6,798 $1,569 $39

Find Your Next Insurance Risk Analyst Job

Ready to take the next step in your career? Browse thousands of current Insurance Risk Analyst job openings on our job board. Use the search bar below to find your perfect match.

  • Community Financial System, Inc. | Syracuse, NY

    Insurance and Risk Management

    Community Financial System, Inc. | Syracuse, NY

    OverviewOneGroup is a team of more than 200 insurance and risk management professionals who are ONE company acting as ONE team, with ONE focus and ONE miss... more

    6 Days Ago

  • New York University | New York City, NY

    Insurance Analyst

    New York University | New York City, NY

    Claims Adjudication ManagerManage claims adjudication by identifying contractual variances between posted and expected reimbursement for Article 28, Manage... more

    6 Days Ago

  • Global Infrastructure Management | New York City, NY

    Insurance Analyst

    Global Infrastructure Management | New York City, NY

    Analyst, InsuranceTYLin is a globally recognized, full-service infrastructure consulting firm committed to providing innovative, cost-effective, constructi... more

    6 Days Ago

  • SUMITOMO MITSUI TRUST BANK, LIMITED | New York, NY

    Information Security Risk Analyst

    SUMITOMO MITSUI TRUST BANK, LIMITED | New York, NY

    Job Description. Job Description. This role is located in New York City and will require a hybrid work schedule of at least 2 days in office per week. This... more

    4 Days Ago

  • Merrick Bank | Woodbury, NY

    Merchant Specialty Risk Analyst

    Merrick Bank | Woodbury, NY

    Join our team and build your career with momentum as we champion your growth, elevate your ideas and engage you in purpose-driven work that makes a real di... more

    6 Days Ago

  • Shulman Fleming & Partners | New York, NY

    Risk Tech Analyst

    Shulman Fleming & Partners | New York, NY

    Job Description. Job Description. Risk Tech Analyst. MUST be local to New York City, Hybrid Schedule. Salary up to $100k. No Sponsorship available, No Thir... more

    6 Days Ago

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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