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Data Scientist Insurance Jobs in Madison, WI (NOW HIRING)

Innovizant LLC

Data Scientist

Madison, WI · On-site

... Insurance and credit union business in achieve their business goals. Innovizant made up of exceptional data scientists and domain experts with a great experience in Our financial services industry ...

Innovizant LLC

Data Scientist

Madison, WI · On-site

... Insurance and credit union business in achieve their business goals. Innovizant made up of exceptional data scientists and domain experts with a great experience in Our financial services industry ...

Elephas

Senior Data Scientist

Madison, WI · On-site

The Senior Data Scientist will support clinical correlation data modeling, which includes working ... life insurance, flexible spending accounts, a 401(k) plan, and stock options. DISCLAIMER The ...

Elephas

Senior Data Scientist

Madison, WI · On-site

The Senior Data Scientist will support clinical correlation data modeling, which includes working ... life insurance, flexible spending accounts, a 401(k) plan, and stock options. DISCLAIMER The ...

Elephas

Senior Data Scientist

Madison, WI · On-site

$120 - $170/hr

Lead complex, high-visibility data science projects from problem definition through delivery ... life insurance, flexible spending accounts, a 401(k) plan, and stock options. DISCLAIMER The ...

The Weather Channel

Senior Data Scientist

Madison, WI · On-site

... insurance, retailers, and consumer product groups. As a consequence you will apply and/or learn a ... You will work on a skilled team of passionate data scientists and meteorologists. Examples of ...

The Weather Channel

Senior Data Scientist

Madison, WI · On-site

... insurance, retailers, and consumer product groups. As a consequence you will apply and/or learn a ... You will work on a skilled team of passionate data scientists and meteorologists. Examples of ...

Wisconsin

Data Scientist II

Madison, WI · On-site +1

$80K/yr

The Data Scientist II will design, develop, and maintain data pipelines, data models ... insurances and savings accounts; retirement benefits. For more information, refer to the campus ...

Innovizant LLC

Spark Expert (Direct Client)

Madison, WI · On-site

... data science, data engineering and decision science to provide winning actionable insights assisting our financial services clients banking, Insurance and credit union business in achieve their ...

Rural Mutual Insurance

Data Engineer

Madison, WI · On-site

$105K - $120K/yr

Rural Mutual Insurance is looking for an experienced and motivated data professional to play a ... Bachelor's Degree in Computer Science, Data Analytics, Software Engineering, or related field, or ...

Rural Mutual Insurance

Data Engineer

Madison, WI · On-site

$105K - $120K/yr

Rural Mutual Insurance is looking for an experienced and motivated data professional to play a ... Bachelor's Degree in Computer Science, Data Analytics, Software Engineering, or related field, or ...

Wisconsin

Clinical Research Data Specialist

Madison, WI · On-site

$62K/yr

Implements data analysis steps in collaboration with data scientists, statisticians, and/or other ... insurances and savings accounts; retirement benefits. For more information, refer to the campus ...

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All JobsData Scientist Insurance JobsData Scientist Insurance Jobs in Madison, WI

Data Scientist Insurance information

See Madison, WI salary details

$37.8K

$123.7K

$198K

How much do data scientist insurance jobs pay per year?

As of Aug 27, 2026, the average yearly pay for data scientist insurance in Madison, WI is $123,675.00, according to ZipRecruiter salary data. Most workers in this role earn between $99,300.00 and $137,000.00 per year, depending on experience, location, and employer.

What does a data scientist do in the insurance industry?

A Data Scientist in the insurance industry analyzes large volumes of data to identify trends, predict risks, and improve decision-making processes. They use statistical models, machine learning, and data visualization to assess policyholder behavior, detect fraud, and optimize pricing strategies. Their work helps insurance companies create better products, reduce losses, and provide more personalized services to clients.

What are the key skills and qualifications needed to thrive as a data scientist in the insurance industry?

To thrive as a Data Scientist in insurance, you need strong statistical analysis, data modeling, and programming skills, often supported by a degree in computer science, mathematics, or a related field. Familiarity with tools such as Python, R, SQL, SAS, and machine learning frameworks, along with relevant certifications, is typically required. Exceptional problem-solving, communication, and business acumen help translate complex data insights into actionable strategies for underwriting, claims, and risk assessment. These skills are essential for driving data-driven decisions, optimizing processes, and maintaining a competitive edge in the insurance sector.

How do data scientists in the insurance industry typically collaborate with underwriters and actuaries?

Data Scientists in insurance work closely with underwriters and actuaries to develop predictive models, risk assessments, and pricing strategies. Collaboration often involves regular meetings to discuss business requirements, share model outputs, and interpret analytical findings in the context of insurance products. Data Scientists translate complex data insights into actionable recommendations, ensuring that technical solutions align with regulatory standards and business objectives. This teamwork helps optimize decision-making and enhances the accuracy of risk evaluation.

What is the difference between Data Scientist Insurance vs Data Analyst Insurance?

AspectData Scientist InsuranceData Analyst Insurance
Required CredentialsBachelor's or Master's in Data Science, Statistics, or related fields; often some programming skillsBachelor's in Statistics, Mathematics, or related fields; basic data analysis skills
Work EnvironmentDeveloping predictive models, advanced analytics, machine learning projectsData reporting, data cleaning, basic analysis, generating reports
Employer & Industry UsageInsurance companies, tech firms, consulting agenciesInsurance firms, financial institutions, marketing teams

Data Scientist Insurance roles focus on advanced analytics, machine learning, and predictive modeling, requiring stronger technical skills. Data Analyst Insurance positions involve data reporting, basic analysis, and supporting decision-making with less emphasis on complex modeling. Both roles are vital in the insurance industry but differ in technical depth and responsibilities.

What are popular job titles related to Data Scientist Insurance jobs in Madison, WI?

For Data Scientist Insurance jobs in Madison, WI, the most frequently searched job titles are:

What job categories do people searching Data Scientist Insurance jobs in Madison, WI look for?

The top searched job categories for Data Scientist Insurance jobs in Madison, WI are:

Data Scientist Insurance jobs near you
Infographic showing various Data Scientist Insurance job openings in Madison, WI as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 21% Part Time, and 6% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $123,675 per year, or $59.5 per hour.

Data Scientist

Innovizant LLC

Madison, WI • On-site

Full-time

Re-posted 18 days ago

Job description

Company Description
Innovizant LLC (headquartered in Chicago, USA) is a leading-edge, global IT Services organization with Sales and delivery offices in Asia. Innovizant LLC, is a Full-service IT provider, focused on delivering Innovative and value driven business analytical solutions leveraging data science, data engineering and decision science to provide winning actionable insights assisting our financial services clients banking, Insurance and credit union business in achieve their business goals.
Innovizant made up of exceptional data scientists and domain experts with a great experience in Our financial services industry solutions include Credit Risk insights, Customer Churn analysis, Customer segmentation, Fraud detection, Asset and Liability analysis, channel optimization analytics, Financial Advisor Network Analytics and product bundling analytics.
Some of our sur accelerators and solution frameworks assist our clients including FIN-CDO (which provided pre-delivered data strategies for the office of Chief Data Officer), BASEL-PRO (for achieving compliance with industry requirements of Basel-BCBS239,) and SmartCECL (Risk mitigation strategies by predicting default and loss given a default)
With data becoming the new 'oxygen' of businesses, many data science consulting firms have evolved in recent times, and they are also contributing the best of their solutions to the modern-day clients. It means today; you can easily find a solution for data sciences. However, the biggest challenge during managing this data comes across in the terms of 'Value Realization'. The true measure of success is to be able to put the data science insights into actionable events.
Many organizations have ended up spending a significant chunk of their analytics budget in some implementing data sciences solution - with minimal to no returns.
Job Description
Role: Data Scientist
Location: Madison, WI
Full Time (Direct Hire)
Job description
• 5+ Years of total experience and 2-4 years of in-depth and superlative experience in Data Science.
• Experience in Statistical modeling.
• Candidate will be helping the client to lead this process or improve upon the program.
• Extremely proficient in Data Analysis, data wrangling, model development, software development, A/B Testing, Back Testing.
• Extremely efficient in Python and R.
• Extremely efficient in identifying right analytics model methods and using them. Gradient Boosting, Decision Tree, Regression - are absolutely must.
• Exposure to Insurance (especially consumer Insurance/Retail Insurance) is a minor edge.
• MS in AI/Data Science would also be a plus.
Qualifications
Data Science, Analysis, Python, R, Statistical Modeling, Machine Learning
Additional Information
Thanks & Regards,
Aditya Prakash / Resource Manager / Innovizant LLC
Phone : 630-685-1260
aditya.prakash(AT)innovizant(DOT)com

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