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Cyber Insurance Actuary Jobs in Springfield, MA (NOW HIRING)

Cyber Insurance Actuary information

See Springfield, MA salary details

$112.6K

$131.4K

$137K

How much do cyber insurance actuary jobs pay per year?

As of Aug 9, 2026, the average yearly pay for cyber insurance actuary in Springfield, MA is $131,380.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,100.00 and $136,500.00 per year, depending on experience, location, and employer.

What is the difference between Cyber Insurance Actuary vs Cyber Underwriter?

AspectCyber Insurance ActuaryCyber Underwriter
Required CredentialsActuarial certifications, mathematics, risk modelingInsurance licenses, risk assessment skills
Work EnvironmentData analysis, modeling, risk evaluationClient interaction, policy assessment
Employer & Industry UsageInsurance companies, consulting firmsInsurance companies, brokers

The Cyber Insurance Actuary focuses on analyzing data, developing risk models, and setting pricing strategies for cyber policies. In contrast, the Cyber Underwriter evaluates individual risks, approves policies, and interacts directly with clients. Both roles are essential in the cyber insurance industry but differ in their primary functions and skill sets.

What are the key skills and qualifications needed to thrive as a cyber insurance actuary, and why are they important?

A Cyber Insurance Actuary should possess a strong background in actuarial science, statistics, and risk modeling, typically supported by actuarial exams and relevant degrees. Familiarity with cybersecurity frameworks, data analytics tools, and specialized actuarial software like SAS, R, or Python is highly valuable. Outstanding analytical thinking, problem-solving abilities, and clear communication skills help actuaries interpret complex data and convey insights to non-technical stakeholders. These skills are crucial for accurately assessing cyber risks, pricing policies, and helping insurers make informed decisions in the rapidly evolving cyber threat landscape.

How do cyber insurance actuaries typically collaborate with underwriters and IT security experts in their daily work?

Cyber Insurance Actuaries often work closely with underwriters to develop and refine risk models, ensuring that policy pricing accurately reflects the evolving landscape of cyber threats. They also collaborate with IT security experts to better understand current vulnerabilities and incident trends, which informs their loss modeling and risk assessment. This cross-functional teamwork is essential for staying ahead of emerging risks and providing clients with sound, data-driven insurance solutions.

What is a cyber insurance actuary?

A Cyber Insurance Actuary is a professional who specializes in assessing and quantifying risks related to cyber threats for insurance companies. They use mathematical models, data analysis, and industry trends to estimate the likelihood and potential costs of cyber incidents, such as data breaches or ransomware attacks. Their work helps insurers determine appropriate policy pricing, set reserves, and develop new cyber insurance products. Cyber Insurance Actuaries also play a key role in advising companies on risk management strategies and emerging cyber risks.
What are popular job titles related to Cyber Insurance Actuary jobs in Springfield, MA? For Cyber Insurance Actuary jobs in Springfield, MA, the most frequently searched job titles are:
What job categories do people searching Cyber Insurance Actuary jobs in Springfield, MA look for? The top searched job categories for Cyber Insurance Actuary jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Cyber Insurance Actuary jobs? Cities near Springfield, MA with the most Cyber Insurance Actuary job openings:

Reserving - Global Specialty Financial Lines

The Hartford Financial Services Group, Inc.

Hartford, CT • On-site

$96K - $169K/yr

Full-time

Posted 23 days ago


The Hartford rating

8.8

Company rating: 8.8 out of 10

Based on 121 frontline employees who took The Breakroom Quiz

57th of 304 rated insurance


Job description

AD & Associate Actuary - AS07AE
AD Consultant, Actuarial - AA07EE
We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.
This position is part of the Financial Lines Reserving team supporting a diverse portfolio of specialty coverages, including Directors & Officers, Errors & Omissions, Employment Practices Liability, Cyber, and Fidelity/Crime.
Financial Lines offers a unique opportunity to develop expertise in complex products, emerging risks, and evolving claim trends. In this role, you will partner closely with Claims and Pricing to monitor portfolio performance, evaluate reserve adequacy, and provide insights that inform business decisions.
Successful candidates are intellectually curious, enjoy learning complex subject matter, and are motivated by solving challenging problems. The role offers the opportunity to build deep expertise, apply actuarial judgment, influence reserve decisions, and translate complex analyses into meaningful business insights. As systems and processes continue to evolve, there will also be opportunities to help shape how the work gets done through enhancements to tools, monitoring, and actuarial processes.
** Please note, candidates pursuing exams as well as those not pursuing exams will be considered for this role. This role can be part of our Actuarial Student Program for an individual meeting requirements for entry into the program. **
Responsibilities
  • Complete reserve studies and advise management on reserve decisions, including providing insight into key drivers of change.
  • Develop and maintain monitoring tools such as actual loss vs expectation and reserving diagnostics.
  • Partner closely with Claims to develop insights and inform reserve decisions.
  • Analyze portfolio performance, emerging claim trends, and significant loss activity to inform reserve decisions and business strategy.
  • Drive improvements in data quality, portfolio monitoring, and actuarial processes through innovative solutions, effective controls, governance, and ongoing process enhancements.

Experience & Skills
  • Bachelor's degree required.
  • Near to recent ACAS preferred. Candidates with Actuarial experience not pursuing exams may be considered.
  • Minimum 4+ years of Property and Casualty actuarial experience; reserving experience preferred.
  • Strong analytical, critical thinking, and problem-solving skills, with the ability to apply sound actuarial judgment.
  • Excellent written and verbal communication skills, including the ability to translate complex analyses into business insights.
  • Driven, intellectually curious, resourceful, and creative; able to learn new concepts and business areas quickly.
  • Proactive individual who demonstrates ownership, partners effectively across functions, and continuously seeks opportunities to improve processes and analytical capabilities.
  • Strong Excel skills required. Experience with SQL, VBA, R, Python, or similar coding languages a plus.

Location:
This role can have a hybrid work arrangement (Tuesday - Thursday in office) in hub offices located in Hartford CT, Chicago IL, Charlotte NC, or Columbus OH.
Candidates who do not live near one of these office locations may be considered for a remote work arrangement with occasional travel.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$96,000 - $169,800
The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.
Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
About Us | Our Culture | What It's Like to Work Here | Perks & Benefits

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About Hartford

Sourced by ZipRecruiter

Hartford Financial Services Group, widely recognized as The Hartford, is a renowned company based in Hartford, CT, US. Established in 1810, it has evolved into an industry leader in the insurance and financial services sector, proudly serving more than one million businesses in the US. The Hartford is committed to offering a gamut of insurance products that include homeowners, automobile, and business insurance as well as employee benefits and mutual funds. The company’s core values revolve around customer-focused innovations, diversity and inclusion, and ethical dealings that have earned them a customer-centric reputation. This shapes their mission which revolves around aiding their clients to overcome unforeseen obstacles and enhancing their wealth over time. Among the company's noted accomplishments is being consistently listed among the World's Most Ethical Companies, a testament to their unwavering commitment towards responsible business practices.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Hartford, CT, US

Year founded

1810

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