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Insurance Business Analyst Jobs (NOW HIRING)

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 ...

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 ...

Sr. Business Analyst

Omaha, NE · On-site

$105K - $125K/yr

This approach helps those we insure drive down their ultimate cost through prevention and ... The Senior Business Analyst will be the primary point of contact to elicit, analyze, communicate ...

Sr. Business Analyst

Chicago, IL · On-site

$105K - $125K/yr

This approach helps those we insure drive down their ultimate cost through prevention and ... The Senior Business Analyst will be the primary point of contact to elicit, analyze, communicate ...

Sr. Business Analyst

Richmond, VA · On-site

$105K - $125K/yr

This approach helps those we insure drive down their ultimate cost through prevention and ... The Senior Business Analyst will be the primary point of contact to elicit, analyze, communicate ...

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Insurance Business Analyst information

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$47

$64

How much do insurance business analyst jobs pay per hour?

As of Jul 9, 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.
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:
Infographic showing various Insurance Business Analyst job openings in the United States as of July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 86% Full Time, 6% Part Time, 1% Temporary, and 5% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $99,617 per year, or $47.9 per hour.

Crop Insurance Business Analyst III

Sompo International Holdings Ltd.

Lubbock, TX • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 15 days ago


Job description

As one of the leading writers of Federal Crop Insurance, AgriSompo North America combines industry experience, resources, capital and talent to deliver both traditional and innovative crop insurance and productivity tools to farmers, ranchers, insurers and agribusinesses in the United States. Our organization operates within a culture rooted in ethics, integrity and a belief that accountability, collaboration and agility are crucial to long-term success.
AgriSompo North America is a part of AgriSompo, Sompo International's global agriculture platform. This platform is an integrated underwriting, technology and distribution platform delivering innovate insurance and reinsurance solutions to agriculture partners worldwide. Sompo International, AgriSompo's parent company, is a global organization driven by its core values, a carrier that holds promise, trust and the commitment to protect. Through operating subsidiaries, Sompo International writes agriculture, casualty and other specialty, professional lines, property, marine/energy and aviation lines of insurance and catastrophe, property, casualty, professional lines and specialty lines of reinsurance.
As a leading provider of crop insurance and other agricultural risk management tools, we recognize that our success is derived directly from those whose contributions matter most: our people. AgriSompo North America has major offices in Lenexa, Kansas and Des Moines, Iowa as well as regional offices around the country. A shared commitment to integrity, accountability, collaboration and agility define our culture, and we strive to create exceptional value for our clients and shareholders and maintain AgriSompo North America as a desirable place to work.
Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Crop Insurance Business Analyst III.
As the Business Analyst III, you'll serve as a liaison between Business SMEs and IT, helping translate business needs into documented business and functional requirements. You'll also support project delivery, testing, User Acceptance Testing, and training documentation as needed.
Location: This position will be based out of our Lenexa, KS or Lubbock, TX office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long-lasting careers.
Our business, your impact, our opportunity:
What you'll be doing:
  • Support the analysis of current and future business processes and systems
  • Gather and document business and functional requirements
  • Create workflow charts, diagrams, and other process documentation
  • Collaborate with Business SMEs, IT, Development, and QA teams during project work
  • Participate in functional testing and help document results
  • Support User Acceptance Testing activities and related feedback tracking
  • Assist with training materials and user documentation, where appropriate
  • Act as a SME and provide guidance and mentorship to junior Business Analysts
  • Lead Joint Application Development (JAD) sessions to facilitate discussions to ensure alignment between business needs and technical solutions

What you'll bring:
  • 5+ years of business analysis experience
  • Crop insurance and/or crop claims experience required
  • Experience gathering and documenting business, functional, reporting, and data requirements
  • Experience creating traceable requirements and process documentation
  • Working knowledge of SDLC and familiarity with BABOK methodologies
  • Strong communication, analytical, and problem-solving skills
  • Proficiency with Microsoft Office Suite and Visio; experience with Confluence, Jira, UML, or UI design tools is a plus
  • Familiarity with AI tools for requirements and workflow support

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:
  • Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
  • Pharmacy benefits with mail order options
  • Dental benefits including orthodontia benefits for adults and children
  • Vision benefits
  • Health Care & Dependent Care Flexible Spending Accounts
  • Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
  • Company-paid Disability benefits with very competitive salary continuation payments
  • 401(k) Retirement Savings Plan with competitive employer contributions
  • Competitive paid-time-off programs, including company-paid holidays
  • Competitive Parental Leave Benefits & Adoption Assistance program
  • Employee Assistance Program
  • Tax-Free Commuter Benefit
  • Tuition Reimbursement & Professional Qualification benefits

Who we are and what we stand for:
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values-Accountability, Agility, Collaboration, Development, and Integrity-we build trust and support one another to achieve our goals worldwide. Life at Sompo page
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.