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Insurance Management Jobs in Chicago, IL (NOW HIRING)

Manager, Insurance Strategy

Lincolnwood, IL · On-site +1

$120K - $150K/yr

The Manager, Insurance Strategy plays a critical role in ensuring patients receive the coverage they need while maximizing reimbursement and supporting the organization's financial health. This ...

Life Insurance managers are focused on developing new capabilities for our life and annuity ... Perform product management and/or product owner responsibilities in the context of consulting and ...

Showing results 21-40

Insurance Management information

See Chicago, IL salary details

$38.6K

$85.3K

$126.2K

How much do insurance management jobs pay per year?

As of Aug 9, 2026, the average yearly pay for insurance management in Chicago, IL is $85,294.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,500.00 and $102,000.00 per year, depending on experience, location, and employer.

What is the difference between Insurance Management vs Insurance Underwriting?

AspectInsurance ManagementInsurance Underwriting
Primary RoleOversees insurance operations, policy administration, and strategic planningEvaluates risks and determines policy terms and pricing
Required CredentialsTypically requires a degree in business, finance, or related fields; certifications like CPCU or ARM are commonRequires a degree in finance, economics, or related fields; certifications like CPCU or FCAS are often preferred
Work EnvironmentOffice-based, managerial settings within insurance companiesOffice-based, analytical roles within insurance companies or underwriting firms
Industry UsageUsed across insurance companies for overall managementSpecific to risk assessment and policy issuance

Insurance Management focuses on overseeing insurance operations and strategy, while Insurance Underwriting concentrates on evaluating risks and setting policy terms. Both roles require similar credentials and often work within the same industry environment, but their core responsibilities differ significantly.

How much do insurance managers make in the US?

Insurance managers in the US typically earn a median annual salary of around $100,000, with salaries ranging from approximately $60,000 to over $150,000 depending on experience, location, and company size. They often hold certifications such as CPCU or ARM and require strong leadership and risk management skills.

What are some common challenges faced by professionals in insurance management, and how can they be addressed?

Professionals in insurance management often face challenges such as adapting to evolving regulations, managing risk effectively, and integrating new technologies into existing workflows. Staying current with industry trends and regulatory changes is crucial, as is fostering strong communication between underwriters, claims teams, and clients. Leveraging ongoing professional development and embracing digital tools can help address these challenges, leading to more efficient operations and improved customer service.

What are the key skills and qualifications needed to thrive in insurance management, and why are they important?

Success in Insurance Management requires strong analytical abilities, a thorough understanding of insurance products and regulations, and typically a bachelor's degree in business, finance, or a related field. Familiarity with insurance management software, risk assessment tools, and relevant certifications like CPCU or ARM is often expected. Exceptional communication, negotiation, and leadership skills help professionals build client trust and lead teams effectively. These competencies are crucial for managing risk, ensuring regulatory compliance, and driving organizational growth in a competitive insurance market.

What does an insurance management do?

Insurance management involves overseeing insurance policies, claims, and risk assessment for organizations or clients. Professionals in this field analyze coverage needs, negotiate with insurers, and ensure compliance with regulations, often using specialized software and requiring strong analytical skills. They may work in insurance companies, brokerages, or corporate risk departments.

What is insurance management?

Insurance management refers to the process of overseeing and administering insurance policies, risk assessments, and claims for individuals or organizations. This job involves evaluating insurance needs, selecting appropriate coverage, negotiating with insurers, and ensuring compliance with regulations. Insurance managers also analyze risks, help reduce potential losses, and handle claims efficiently to protect clients' financial interests. The role often requires strong analytical, negotiation, and communication skills.
Infographic showing various Insurance Management job openings in Chicago, IL as of August 2026, with employment types broken down into 80% Full Time, 15% Part Time, and 5% Temporary. Highlights an 90% In-person, and 10% Remote job distribution, with an average salary of $85,294 per year, or $41 per hour.

$120K - $165K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 16 days ago


Willis Towers Watson rating

8.3

Company rating: 8.3 out of 10

Based on 44 frontline employees who took The Breakroom Quiz

38th of 150 rated financial services


Job description

The Role

As Manager, Insurance Services, you will lead a team of Licensed Insurance and Annuity Brokers responsible for helping clients understand and evaluate fixed annuity solutions within the context of their broader financial goals and investment strategies. Through effective coaching, performance management, and operational oversight, you will drive sales excellence, promote client education and engagement, and ensure all insurance activities are conducted in compliance with applicable regulations, company policies, and industry best practices while delivering outstanding client outcomes.

Lead And Develop Your Team

  • Supervise, coach, and support a team of Licensed Insurance and Annuity Brokers (LIBs).
  • Establish clear performance expectations and conduct regular one-on-one meetings, performance reviews, and development planning.
  • Foster a culture of integrity, accountability, collaboration, and client-centric service.
  • Promote professional development and cross-disciplinary collaboration.
  • Assist with recruiting, onboarding, training, and retention of insurance professionals.

Drive Service Excellence

  • Act as an escalation point for complex client issues, service concerns, or conflicts.
  • Monitor client satisfaction metrics, feedback, and service trends, and implement corrective actions where needed.
  • Proactively identify and mitigate supervisory, operational, and reputational risks.
  • Ensure consistent application of regulatory standards of care.
  • Reinforce a culture where exceptional service is viewed as a core responsibility, not just a performance metric.

Business and Performance Management

  • Monitor individual and team performance metrics, including production, growth, retention, and client satisfaction.
  • Support LIBs in implementing sales and client service strategies aligned with company goals.
  • Identify process improvements to enhance efficiency, risk management, and the client experience.

Communicate with Impact

  • Engage effectively with colleagues at all levels and across functions
  • Foster transparency and open dialogue
  • Deliver feedback that drives performance and development

Stay Ahead

  • Keep current on regulatory changes, industry trends, and emerging best practices
  • Pursue ongoing professional development
  • Seek and act on feedback to continuously enhance your impact

The Qualifications

Experience and Expertise

  • 7+ years working in Fixed Insurance Brokerage, and/or broker-dealer environments, with deep understanding of regulatory distinctions and operational requirements
  • Strong working knowledge of Insurance products
  • Solid grasp of Fixed Insurance rules and regulations

Skills and Capabilities

  • Exceptional organizational skills with keen attention to detail and accuracy
  • Strong analytical and problem-solving abilities, with a track record of tackling complex challenges
  • Proven leadership experience managing and developing high-performing teams
  • Excellent communication and relationship-building skills

Education and Licenses

  • Bachelor's degree in Business, Finance, or related field

  • Active state insurance licensing
  • FINRA Series 7, 63, 65 and/or 66, and 24 licenses are a plus

Compensation and Benefits

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $120,000- $165,000 USD per year. This role is also eligible for an annual short-term incentive bonus.

Company Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

  • Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
  • Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off
  • Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

EOE, including disability/vets


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