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Insurance Quant Jobs in Bolingbrook, IL (NOW HIRING)

Corgi Insurance

Quantitative Associate

Chicago, IL · On-site

$200K - $350K/yr

Insurance is the largest unautomated industry in financial services, and we're rebuilding it using ... Build and maintain quantitative models to support pricing, underwriting, forecasting, and business ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

... options quant team. You will join the team as a senior member with the expectation of leading ... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ...

IMC

Quantitative Developer - Derivatives

Chicago, IL · On-site

$175K - $250K/yr

... titled Quant Developer or Strategist. Your Core Responsibilities * Design and implement high ... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL · On-site

$170K - $300K/yr

... quant team and be expected to have an entrepreneurial mindset. Responsibilities * Investigate ... Fully paid Medical, Dental, Vision, Disability, and Life Insurance * Fully stocked kitchen; free ...

DRW

Quantitative Trader - Futures

Chicago, IL · On-site

$150K - $250K/yr

Proven track record of direct PnL ownership in a quant-driven trading environment * Strong ... dental and vision insurance, 401k (with discretionary employer match), short and long-term ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL · On-site

$170K - $300K/yr

... quant team and be expected to have an entrepreneurial mindset. Responsibilities * Investigate ... Fully paid Medical, Dental, Vision, Disability, and Life Insurance * Fully stocked kitchen; free ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ... Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ... Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers ...

Edgehog Trading

Quantitative Researcher

Chicago, IL · On-site

Design, backtest, and iterate on quantitative trading models from ideation through production ... Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm * 401(k) ...

Old Mission

Quantitative Trader (Options)

Chicago, IL

$150K - $200K/yr

Develop pricing models in collaboration with our quantitative research team. * Build desk tooling ... Fully paid Medical, Dental, Vision, Disability, and Life Insurance * Fully stocked kitchen; free ...

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All JobsInsurance Quant JobsInsurance Quant Jobs in Bolingbrook, IL

Insurance Quant information

See Bolingbrook, IL salary details

$96.9K

$167.8K

$256.6K

How much do insurance quant jobs pay per year?

As of Jul 28, 2026, the average yearly pay for insurance quant in Bolingbrook, IL is $167,836.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,000.00 and $196,800.00 per year, depending on experience, location, and employer.

What are insurance quants?

Insurance quants, or quantitative analysts in the insurance industry, use mathematical, statistical, and computational methods to analyze risk, price insurance products, and optimize investment strategies for insurance companies. They develop models to assess the likelihood of claims, determine appropriate premiums, and ensure the company's financial stability. Insurance quants often work closely with actuaries, but focus more on advanced quantitative techniques and financial modeling. Their work helps insurance firms make data-driven decisions and maintain competitiveness in the marketplace.

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

To thrive as an Insurance Quant, you need strong quantitative skills, a background in mathematics, statistics, or actuarial science, and often an advanced degree such as a master's or PhD. Proficiency with programming languages (like Python or R), statistical modeling tools, and actuarial software is typically required, along with relevant certifications such as actuarial credentials (e.g., SOA, CAS). Excellent problem-solving abilities, attention to detail, and the capacity to communicate complex analyses to non-technical stakeholders are standout soft skills. These competencies are critical for accurately assessing risk, pricing insurance products, and supporting data-driven decision-making in the insurance industry.

What is the difference between Insurance Quant vs Actuary?

AspectInsurance QuantActuary
Required CredentialsAdvanced degrees in mathematics, statistics, or finance; often CFA or FRM certificationsProfessional actuarial certifications (SOA, CAS), exams required
Work EnvironmentQuantitative teams within insurance companies, hedge funds, or consulting firmsInsurance companies, consulting firms, government agencies
Job FocusDeveloping models for risk assessment, pricing, and financial strategiesCalculating insurance premiums, reserving, and risk management
Common Search/ComparisonInsurance Quant vs Actuary

Insurance Quants and Actuaries both work in the insurance industry with a focus on risk and financial modeling. Quants typically use advanced mathematics and programming to develop models, while actuaries focus on pricing and reserving using actuarial exams and certifications. Both roles require strong quantitative skills, but their daily tasks and certifications differ.

How does an Insurance Quant typically collaborate with underwriters and actuaries in their daily work?

An Insurance Quant frequently works alongside underwriters and actuaries to analyze risks, develop pricing models, and evaluate policy portfolios. Collaboration often involves sharing statistical insights, validating risk assumptions, and refining predictive models to ensure accurate and competitive insurance products. Regular meetings and data-sharing sessions help align quantitative findings with business objectives, enabling the team to make informed decisions on product design, pricing, and risk management. This close teamwork is crucial for integrating advanced analytics into traditional insurance processes and driving innovation within the organization.
What are popular job titles related to Insurance Quant jobs in Bolingbrook, IL? For Insurance Quant jobs in Bolingbrook, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Quant jobs in Bolingbrook, IL look for? The top searched job categories for Insurance Quant jobs in Bolingbrook, IL are:
What cities near Bolingbrook, IL are hiring for Insurance Quant jobs? Cities near Bolingbrook, IL with the most Insurance Quant job openings:
Insurance Quant jobs near you
Infographic showing various Insurance Quant job openings in Bolingbrook, IL as of July 2026, with employment types broken down into 1% As Needed, 72% Full Time, 22% Part Time, and 5% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $167,836 per year, or $80.7 per hour.

Quantitative Associate

Corgi Insurance

Chicago, IL • On-site

$200K - $350K/yr

Full-time

Posted 22 days ago

Job description

Location: Chicago, IL and London, UK

Compensation: $200,000-$350,000 or £150,000-£250,000 | Equity Options

About Corgi

Corgi is a full-stack insurance carrier building better, faster insurance products from the ground up. We're not just a broker: we design, underwrite, price, and issue policies directly, with fewer handoffs and less friction. Insurance is the largest unautomated industry in financial services, and we're rebuilding it using AI. We've raised $374M from Kindred, TCV, and others to do so. YC S24.

What You'll Do

  • This is a unique role for someone who likes to find the answer in the numbers and build quantitative driven solutions to help us solve some of the hardest problems in insurance and portfolio management.

  • Build and maintain quantitative models to support pricing, underwriting, forecasting, and business decision-making.

  • Support the Head of Underwriting in:

    • The management of the Corgi insurance portfolio and development of underwriting strategy.

    • Analyze large and complex datasets to identify insurance trends, risks, and opportunities

    • Partner with engineering and product teams to implement the results of your findings.

  • Support the Head of Quantitative Strategy in the management of the Corgi investment portfolio and the development of our investment strategy.

    • Design experiments and evaluate outcomes using statistical methods.

    • Build and stress-test trade ideas from concept to execution that will directly contribute to the management of the investment portfolio.

  • Support strategic initiatives across insurance, operations, finance, and growth.

What We're Looking For

  • Strong quantitative background in mathematics, statistics, economics, physics, computer science, engineering, or a related field.

  • Exceptional analytical and problem-solving abilities.

  • Familiarity with statistical modeling, forecasting, optimization, or machine learning techniques.

  • Ability to communicate complex concepts clearly and effectively.

  • Strong intellectual curiosity and willingness to learn new domains quickly.

  • Comfortable operating in a fast-moving, ambiguous environment.

Nice to Have

  • Experience in insurance, financial services, capital markets, or other data-intensive industries.

  • Exposure to predictive modeling, risk modeling, or actuarial concepts.

  • Experience building production analytical tools or models.

  • Familiarity with modern data infrastructure and cloud-based analytics platforms.

  • Advanced degree in a quantitative discipline.

Why Corgi

  • Work directly on some of the hardest problems in insurance

  • Build models that influence real-world decisions and outcomes

  • Join a small, highly ambitious team with significant ownership and autonomy

  • Competitive compensation, equity, and benefits

  • Opportunity to help build a category-defining company from the ground up

Compensation Range: £100K - £200K