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Insurance Business Analyst Jobs (NOW HIRING)

Voyage Advisory

Insurance Business Analyst

Chicago, IL · On-site

$70K/yr

Insurance Business Analyst ROLE TITLE Insurance Business Analyst ROLE LOCATION(S) Sompo Office: Charlotte, NC, Alpharetta, GA, New York, NY; Purchase, NY; Morristown, NJ; Conshohocken, PA; Garden ...

Voyage Advisory

Insurance Business Analyst

Chicago, IL · On-site

$70K/yr

Insurance Business Analyst ROLE TITLE Insurance Business Analyst ROLE LOCATION(S) Sompo Office: Charlotte, NC, Alpharetta, GA, New York, NY; Purchase, NY; Morristown, NJ; Conshohocken, PA; Garden ...

Navtech, Inc.

Business Analyst

Buffalo, NY · On-site

Business Analyst/Data Analyst Location : Buffalo, NY and Chicago, IL Duration : 6+ Months Please ... Strong experience with commercial insurance business processes and data flow across the Policy and ...

Bamboo Insurance

Senior Business Analyst

Midvale, UT · Remote

$115K/yr

As a Senior Insurance Business Analyst, you will lead the analysis of complex business processes and requirements across the homeowners product lifecycle, partnering directly with Product Owners ...

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Insurance Business Analyst information

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How much do insurance business analyst jobs pay per hour?

As of Jul 29, 2026, the average hourly pay for insurance business analyst in the United States is $47.89, according to ZipRecruiter salary data. Most workers in this role earn between $40.87 and $54.81 per hour, depending on experience, location, and employer.

What Does an Insurance Business Analyst Do?

The job duties of an insurance business analyst vary depending on the needs of their employer. In this career, some employers may expect you to work with the IT department to maintain information and data systems and ensure adequate documentation for projects. You may coordinate between different business unit entities within your company to ensure seamless and cost-effective operations. You may analyze insurance products, commercial line insurance, or property and casualty insurance plans for cost-effectiveness. Regardless of your exact responsibilities, you need to understand the business requirements of an insurance company and help your employer meet their goals.

Do business analysts get paid well?

Insurance business analysts typically earn competitive salaries that vary based on experience, location, and industry size. They often have strong analytical skills and knowledge of insurance systems, which can contribute to higher compensation levels compared to other entry-level roles.

What does an Insurance Business Analyst do?

An Insurance Business Analyst evaluates and improves the processes, systems, and operations within insurance companies. They gather and analyze data, identify business needs, and propose solutions that enhance efficiency and compliance. Their work often involves collaborating with IT, underwriting, claims, and other departments to implement technology solutions, streamline workflows, and ensure regulatory requirements are met. Ultimately, they help insurance organizations make informed decisions and remain competitive in the market.

What does a business analyst do at an insurance company?

An insurance business analyst evaluates company processes, data, and systems to identify improvements and ensure compliance with industry regulations. They gather and analyze requirements, develop reports, and collaborate with stakeholders to optimize insurance operations, often using tools like Excel or specialized software. Strong analytical skills and knowledge of insurance policies are essential for this role.

What is the difference between Insurance Business Analyst vs Insurance Underwriter?

AspectInsurance Business AnalystInsurance Underwriter
Required CredentialsBachelor's degree in business, finance, or related field; certifications like CBAP or CCBABachelor's degree in finance, economics, or related; sometimes professional licenses
Work EnvironmentOffice setting, analyzing data, collaborating with teamsOffice setting, assessing risks, reviewing applications
Employer & Industry UsageInsurance companies, brokers, consulting firmsInsurance companies, agencies, reinsurance firms
Common Search & ComparisonYesNo

The main difference is that Insurance Business Analysts focus on analyzing data, improving processes, and supporting business decisions within insurance companies. Insurance Underwriters evaluate risks and determine policy terms. Both roles require analytical skills, but their core responsibilities differ significantly.

How does an Insurance Business Analyst typically collaborate with underwriting and claims teams?

Insurance Business Analysts regularly work with underwriting and claims teams to bridge the gap between business requirements and technical solutions. They facilitate workshops, gather and analyze data, and translate operational needs into system specifications or process improvements. Effective communication with these teams ensures that new policies, processes, or software enhancements align with actual workflow and compliance requirements. This collaborative approach helps streamline operations and supports the organization's risk management and customer service goals.

What does an insurance analyst do?

An insurance analyst evaluates insurance policies, assesses risk, and analyzes data to help companies develop pricing strategies and improve underwriting processes. They often use statistical tools and industry knowledge to identify trends and ensure compliance with regulations. Strong analytical skills and attention to detail are essential for this role.

What are the key skills and qualifications needed to thrive as an Insurance Business Analyst, and why are they important?

To thrive as an Insurance Business Analyst, you need a solid understanding of insurance products, business processes, and data analysis, typically supported by a degree in business, finance, or a related field. Familiarity with insurance management systems, SQL, data visualization tools, and certifications like CBAP or PMI-PBA is often required. Strong analytical thinking, communication, and problem-solving skills help you bridge the gap between business needs and IT solutions. These skills and qualifications are crucial for delivering effective process improvements and data-driven recommendations within the insurance industry.

How much does an insurance analyst make?

An insurance business analyst typically earns a median annual salary of around $70,000 to $90,000, depending on experience, location, and certifications. Entry-level analysts may start lower, while experienced professionals with specialized skills can earn over $100,000 annually.
More about Insurance Business Analyst jobs
What cities are hiring for Insurance Business Analyst jobs? Cities with the most Insurance Business Analyst job openings:
Who are the top companies hiring for Insurance Business Analyst jobs? The top employers for Insurance Business Analyst jobs are:
What states have the most Insurance Business Analyst jobs? States with the most job openings for Insurance Business Analyst jobs include:
What job categories do people searching Insurance Business Analyst jobs look for? The top searched job categories for Insurance Business Analyst jobs are:
What are popular job titles related to Insurance Business Analyst jobs? For Insurance Business Analyst jobs, the most frequently searched job titles are:
Insurance Business Analyst jobs near you
Infographic showing various Insurance Business Analyst job openings in the United States as of July 2026, with employment types broken down into 89% Full Time, 6% Part Time, 1% Temporary, and 4% Contract. Highlights an 83% Physical, 7% Hybrid, and 10% Remote job distribution, with an average salary of $99,617 per year, or $47.9 per hour.
Insurance Business Analyst

Insurance Business Analyst

Voyage Advisory

Chicago, IL • On-site

$70K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 20 days ago

Job description

Insurance Business AnalystROLE TITLEInsurance Business AnalystROLE LOCATION(S)Sompo Office:
Charlotte, NC, Alpharetta, GA, New York, NY; Purchase, NY; Morristown, NJ; Conshohocken, PA; Garden City, NY; Mt Juliet, TN; Topeka, KS, Chicago, IL; Lubbock, TX; Denver, CO; Fargo, NDROLE SUMMARY
The onshore Insurance Business Analyst, working Eastern Standard Time, supports Guidewire PolicyCenter enhancements, defect analysis, and requirements development for policy administration and integrated insurance systems. Analyzes business needs, evaluates system issues, and translates requirements into functional solutions that improve operational efficiency and support Commercial Property & Casualty insurance processes. Collaborates closely with business stakeholders, development teams, and testing teams to deliver effective solutions across ISO Admitted lines including Workers Compensation, Commercial Auto, General Liability, Property, Package, and AAIS Inland Marine and COP.ROLE RESPONSIBILITIES
  • Analyze ISO and AAIS Admitted lines issues to determine root causes, validate defects, and assess the applicability and business value of enhancement requests.
  • Develop business and functional requirements for defects and enhancements following established SDLC processes.
  • Evaluate defects for performance, usability, and root-cause resolution opportunities.
  • Plan, facilitate, and conduct requirements-gathering sessions, meetings, and presentations.
  • Lead review sessions with key stakeholders to obtain consensus and approval of business and functional requirements.
  • Build strong relationships across business units and support functions to understand and address business needs.
  • Collaborate with development and testing teams to provide subject matter expertise, maximize out-of-the-box functionality, and assist in troubleshooting and issue resolution.
  • Ensure proposed solutions improve business-process efficiency and effectiveness while maintaining consistency across products where appropriate.
  • Participate in planning User Acceptance Testing (UAT) activities, including test plans and test scripts derived from requirements.
  • Facilitate UAT execution and partner with business leads and project managers to obtain UAT sign-off.
  • Provide business analysis expertise for Commercial Admitted lines, including Workers Compensation, Commercial Auto, General Liability, Property, Package, Inland Marine, and COP ensuring requirements and solutions align with underwriting, policy administration, and operational objectives.
TECHNICAL QUALIFICATIONS
  • 5+ years of business analysis experience within the Commercial Property & Casualty insurance industry.
  • GuideWire Policy Center experience is preferred.
  • Experience integrating with external systems.
  • Strong experience with policy administration platforms and solutions.
  • Experience with Agile and iterative methodologies and a working knowledge of SDLC and PMLC processes.
  • Hands-on experience developing business requirements, functional requirements, user stories, business process diagrams, and data rules.
  • Experience reviewing, reengineering, or developing IT solutions that support business-process improvement and automation.
  • Experience with visualization and process-mapping tools is preferred.
  • Experience troubleshooting system issues.
  • Ability to translate business needs for specialized commercial and ISO Admitted insurance products into clear functional requirements.
GENERAL QUALIFICATIONS
  • Strong verbal and written communication skills.
  • Excellent analytical and problem-solving skills.
  • Demonstrated initiative with the ability to work independently and effectively navigate ambiguity.
  • Collaborative team player who works effectively with both technical and business stakeholders.
  • Ability to drive tasks through completion with minimal supervision.
  • Strong time-management skills with the ability to meet individual and team deadlines.
  • Experience using standard project and business tools, including Microsoft Project, Excel, and PowerPoint.
  • Experience with SharePoint and UI mockup tools.
EDUCATION REQUIREMENTS
  • Bachelor's degree in Business, Information Systems, Computer Science, Insurance, or a related field.
  • Certified Business Analyst Professional (CBAP) is preferred but not required.
  • Guidewire Cloud certifications are preferred.

LOCATION AND COMPENSATION
This position is hybrid and will require employee to be onsite in one of the following Sompo locations at least 3 days a week:
Charlotte, NC, Alpharetta, GA, New York, NY; Purchase, NY; Morristown, NJ; Conshohocken, PA; Garden City, NY; Mt Juliet, TN; Topeka, KS, Chicago, IL; Lubbock, TX; Denver, CO; Fargo, ND
The position is full time and will include a base salary range of $70K plus full benefits, including health, dental, vision, life, disability, vacation, and 401(k) with company match.

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