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Insurance Analyst Jobs in Baltimore, MD (NOW HIRING)

Analyst - Finalta Insurance

Lisbon, MD · On-site

$22 - $30/hr

YOUR IMPACT You will work within a small project team to analyze insurance data, evaluate results, generate actionable insights and recommendations and deliver these to your clients. You will be ...

Analyst - Finalta Insurance

Lisbon, MD · On-site

$22 - $30/hr

YOUR IMPACT You will work within a small project team to analyze insurance data, evaluate results, generate actionable insights and recommendations and deliver these to your clients. You will be ...

Financial Analyst

Columbia, MD · On-site

$41.47 - $46.47/hr

Nice to Have: * Healthcare insurance industry experience strongly preferred. Skills: * Financial Analysis. * Accounting Principles. * GAAP. * STAT. * Federal Regulations. * Delphi Technology.

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Insurance Analyst information

See Baltimore, MD salary details

$13

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$36

How much do insurance analyst jobs pay per hour?

As of Aug 20, 2026, the average hourly pay for insurance analyst in Baltimore, MD is $23.65, according to ZipRecruiter salary data. Most workers in this role earn between $19.09 and $26.06 per hour, depending on experience, location, and employer.

What is an insurance analyst?

Insurance Analysts are professionals who evaluate insurance policies, claims, and risks for individuals or organizations. They analyze data to determine appropriate coverage, assess the likelihood of claims, and help set premiums. Insurance Analysts play a critical role in ensuring that insurance products are financially sound and comply with industry regulations. Their work helps insurance companies manage risk effectively and provide fair policies to clients.

What does an insurance analyst do?

As an insurance analyst, you use computer software to evaluate insurance policies to determine the risks for a policyholder and an insurance company. You meet with clients and offer recommendations for choosing a policy that suits their needs. You review insurance applications to ensure they are complete and accurate. Other duties include completing policy renewals, changes, and cancellations, analyzing quotes and binders, and verifying record accuracy. You review claims to ensure legitimacy by verifying the details, conducting investigations (going to the scene of an accident, interviewing witnesses, police, etc.), gathering underwriting data, and providing recommendations to management. Some positions require you to create analytical reports to keep clients informed of trends.

What are the key skills and qualifications needed to thrive as an insurance analyst, and why are they important?

To thrive as an Insurance Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field, often supported by a relevant degree. Familiarity with data analysis tools, insurance management systems, and sometimes certifications like CPCU or AINS are typically required. Excellent communication, problem-solving, and organizational skills help you interpret data and present insights effectively. These skills are crucial for accurately assessing risk, supporting sound decision-making, and ensuring compliance within the insurance industry.

What are some typical challenges insurance analysts face when working with large data sets, and how can they address them?

Insurance Analysts often work with vast and complex data sets, which can present challenges such as ensuring data accuracy, identifying meaningful trends, and managing incomplete or inconsistent information. To address these challenges, analysts frequently use specialized software tools for data cleaning and analysis, collaborate closely with IT teams, and develop strong attention to detail. Proactively communicating with underwriters, actuaries, and other stakeholders also helps ensure that data-driven insights are accurate and actionable.

What is the difference between Insurance Analyst vs Claims Adjuster?

AspectInsurance AnalystClaims Adjuster
Required CredentialsBachelor's degree in finance, business, or related field; certifications like CPCU or ARMBachelor's degree; state licensing may be required; certifications like AIC or CPCU
Work EnvironmentOffice setting, analyzing data, preparing reportsField and office work, investigating claims
Employer & Industry UsageInsurance companies, brokerage firms, consultingInsurance companies, third-party administrators
Common Search & Comparison IntentUnderstanding analytical roles in insuranceEvaluating claims processing and adjustment roles

Insurance Analysts focus on data analysis, risk assessment, and policy evaluation within insurance companies, often working in an office environment. Claims Adjusters investigate and settle insurance claims, frequently working in the field. Both roles require similar credentials and industry experience, but their daily tasks and work settings differ significantly.

How much do insurance analysts make?

Insurance analysts typically earn a median annual salary of around $70,000, with entry-level positions starting lower and experienced analysts earning over $100,000. Salaries vary based on location, experience, and certifications such as CPCU or ARM, and the role often involves analyzing data and assessing risk using specialized software.

What are the responsibilities of an insurance analyst?

An insurance analyst evaluates insurance policies, assesses risk factors, and analyzes data to determine coverage options and pricing. They often review claims, ensure compliance with regulations, and use tools like spreadsheets and databases to support decision-making. Strong analytical skills and knowledge of insurance policies are essential for this role.

What are popular job titles related to Insurance Analyst jobs in Baltimore, MD?

For Insurance Analyst jobs in Baltimore, MD, the most frequently searched job titles are:

What cities near Baltimore, MD are hiring for Insurance Analyst jobs?

Cities near Baltimore, MD with the most Insurance Analyst job openings:

Infographic showing various Insurance Analyst job openings in Baltimore, MD as of August 2026, with employment types broken down into 100% Part Time. Highlights an 100% In-person job distribution, with an average salary of $49,186 per year, or $23.6 per hour.

HEALTH INSURANCE ANALYST

Korak Healthsource Group

Baltimore, MD • On-site

$19.75 - $27/hr

Full-time

Re-posted 16 days ago


Job description

Additional Information

All your information will be kept confidential according to EEO guidelines.


Korak Healthsource Group logo

About Korak Healthsource Group

Sourced by ZipRecruiter

Korak Healthsource Group Inc., looks beyond today’s challenges and creates values for the future. Today’s Claims Management clients need the organizational flexibility for all staffing solutions to drive cost savings, efficiencies improvements and enhancement to process effectiveness. Korak Healthsource is dedicated to developing innovative partnerships, creating customized staffing solutions, cost-effective and efficient health care claims administration outsourcing and support services to meet your business goals. Our focus is on your business goals to drive business process improvement, solution effectiveness and technology enhancements to accelerate results.

Industry

Recruiting and staffing services

Company size

11 - 50 Employees

Headquarters location

Forest Hill, MD, US

Year founded

1996