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Captive Insurance Jobs in Chicago, IL (NOW HIRING)

The Manager, Insurance will be responsible for overseeing the captive insurance program. This person will be the SME for the captive insurance program here at Invenergy. Responsibilities: * Support ...

The Manager, Insurance will be responsible for overseeing the captive insurance program. This person will be the SME for the captive insurance program here at Invenergy. Responsibilities: * Support ...

## Manager, Insurance (Captive)Applylocations: Chicago - OSWtime type: Full timeposted on: Posted 30+ Days Agojob requisition id: R08505Invenergy is North America's largest privately held developer ...

The Manager, Insurance will be responsible for overseeing the captive insurance program. This person will be the SME for the captive insurance program here at Invenergy. Responsibilities: * Support ...

Captive Marketing Underwriter

Chicago, IL · On-site +1

$90K - $130K/yr

Summary The Captive Marketing Underwriter is responsible for promoting and supporting captive insurance programs through broker training, client presentations, and early-stage underwriting engagement.

Captive Marketing Underwriter

Chicago, IL · On-site +1

$90K - $130K/yr

Summary The Captive Marketing Underwriter is responsible for promoting and supporting captive insurance programs through broker training, client presentations, and earlystage underwriting engagement.

If you have a solid foundation in commercial insurance, thrive on ownership rather than oversight ... Partner with the Captive Executive on the strategic direction of each captive program, contributing ...

If you have a solid foundation in commercial insurance, thrive on ownership rather than oversight ... Partner with the Captive Executive on the strategic direction of each captive program, contributing ...

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Showing results 1-20

Captive Insurance information

See Chicago, IL salary details

$25.8K

$67K

$125.2K

How much do captive insurance jobs pay per year?

As of Aug 24, 2026, the average yearly pay for captive insurance in Chicago, IL is $66,982.00, according to ZipRecruiter salary data. Most workers in this role earn between $45,800.00 and $79,300.00 per year, depending on experience, location, and employer.

What is a captive insurance?

A Captive Insurance job involves managing and operating a captive insurance company, which is a subsidiary created by a parent company to insure its own risks. Professionals in this field handle regulatory compliance, risk assessment, underwriting, claims management, and financial reporting. They work closely with actuaries, legal teams, and financial officers to optimize coverage and minimize costs. These roles are commonly found in industries with significant risk exposure, such as healthcare, manufacturing, and transportation.

What are the typical daily responsibilities of a captive insurance professional?

In a Captive Insurance role, your daily responsibilities may include analyzing client risk profiles, structuring and managing captive insurance policies, ensuring regulatory compliance, and coordinating with clients, brokers, and regulators. You might also oversee claims processing, prepare financial statements, and participate in meetings to discuss strategy and performance of the captive program. Collaboration with underwriters, actuaries, and legal professionals is common, and you'll often be involved in continuous monitoring to optimize coverage and cost-effectiveness. This dynamic environment offers exposure to a range of industries and provides opportunities to develop deep expertise in alternative risk solutions.

What are the key skills and qualifications needed to thrive in captive insurance?

To thrive in Captive Insurance, you need strong analytical skills, a solid understanding of insurance principles, and relevant educational background in finance, business, or risk management. Familiarity with captive management software, regulatory compliance systems, and industry certifications such as ACI or CPCU is often expected. Excellent communication, client relationship management, and problem-solving abilities are valuable soft skills. These competencies are essential for effectively designing, administering, and optimizing captive insurance programs to meet clients' unique risk and financial objectives.

What does a captive insurance company do?

A captive insurance company is a specialized entity created by a parent organization to insure its own risks. It manages and finances claims, provides risk management solutions, and often requires knowledge of insurance regulations and financial analysis. Employees in this field typically need strong analytical skills and industry certifications such as CPCU or ARM.

What are the most commonly searched types of Captive Insurance jobs in Chicago, IL?

The most popular types of Captive Insurance jobs in Chicago, IL are:

What are popular job titles related to Captive Insurance jobs in Chicago, IL?

For Captive Insurance jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Captive Insurance jobs in Chicago, IL look for?

The top searched job categories for Captive Insurance jobs in Chicago, IL are:

Infographic showing various Captive Insurance job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 89% Physical, 2% Hybrid, and 9% Remote job distribution, with an average salary of $66,982 per year, or $32.2 per hour.

Captive Insurance Risk Consultant

Aon Corporation

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday

New


Aon rating

8.1

Company rating: 8.1 out of 10

Based on 77 frontline employees who took The Breakroom Quiz

63rd of 151 rated financial services


Job description

Aon is looking for a Captive Insurance Risk Consultant (Virtual)

Providing our colleagues with opportunities to advance their careers is one of the main priorities of our Unmatched Talent agenda.  We have an excellent career opportunity in our Captive Insurance and Risk Management Consulting practice for a Captive Insurance Risk Consultant.

Captive Insurance and Risk Management Consulting focuses on consulting with clients to evaluate and develop unique solutions using captive insurance companies either in conjunction with or distinct from traditional insurance markets. This unit provides a broad range of captive consulting services which include; objective advice to clients interested in the feasibility of using a captive insurance company as part of their risk management program; and also expanding the scope of, or maximizing the utility of, an existing captive.
This position will be virtual in the US but with client responsibilities throughout The Americas.
Your Impact as a Captive Insurance Risk Consultant
Job Responsibilities

  • Serve as support to a project leader for engagements including a wide variety of risk consulting solutions for clients.
  • Prepare captive studies and/or portions of studies using existing models for a variety of clients in varied industries for multiple lines of business.
  • Assist in writing and pricing proposals.
  • Consistently create and improve methodology, products, and operational procedures.
  • Support Managing Director and Senior Consultants with client work, sales initiatives and other tasks as needed.
  • Contribute to the attainment of business unit annual revenue and profitability goals through appropriate client fee negotiations, managing controllable expenses, working efficiently with established processes and procedures, and effectively leveraging resources.
  • Seek and actively participate in sales calls and presentations.
  • Maintain effective relationships with Aon teams and clients.
  • Identify and build relationships with Aon Relationship Managers and prospects, securing strategic proposal opportunities for captive consulting.
  • Work with Aon Commercial Risk Solutions and other Aon teams to develop cross-sale opportunities.
  • Prepare and present proposals or support presenters in response to RFP’s.
  • Produce and/or support studies using internally developed models, templates and forms adding insights and ideas tailored for each client.
  • Ensure that the Aon work product is of high quality, adheres to all relevant standards of practice, and is provided in a timely manner.
  • Develop strategies for developing captive consulting business.
  • Create and foster a team culture across all account service and brokerage teams.

Role Requirements

  • BS or BA Degree or equivalent.
  • Excellent knowledge of Microsoft Excel, Word, and PowerPoint.
  • Minimum of three years relevant work experience.
  • Ability to work on multiple projects with multiple consultants and stakeholders.
  • Ability to handle technical detailed work.
  • Communicates effectively with senior management at the client level.
  • Solid understanding of risk consulting concepts and methodologies.
  • Ability to write reports for risk consulting projects that clearly communicates findings and methodologies with oversight.
  • Knowledge of captive insurance companies and the captive insurance industry.
  • Knowledge of alternative risk financing approaches, insurance coverage options and major program designs.
  • Commitment to client service and business ethics.
  • Outstanding written and verbal communication skills.
  • Familiarity with the interpretation of financial statements.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself.  We offer a variety of working style solutions for our colleagues as well. 

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. 

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com 

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. 

 

Pay Transparency Laws: 

The salary range for this position intended for U.S. applicants is $74,000 to $96,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data.  The salary may also be adjusted based on applicant’s geographic location.  The actual salary may vary for applicants in a different geographic location. 

This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary.  The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan. 

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions.  Eligibility for benefits is governed by the applicable plan documents and policies.

  • #LI-BN1
  • #LI-REMOTE
2575665Qualifications:UNAVAILABLEEducation:UNAVAILABLEEmployment Type: FULL_TIME

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About Aon

Sourced by ZipRecruiter

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Chicago, IL, US

Year founded

1992