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Insurance Quant Jobs in Chicago, 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 ...

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords: Northbrook IL Jobs, Quantitative Analyst, R, Python, Quant, Quantitative, Large Data Sets, MySQL, SQL, Data ...

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 ...

Quant Blueprint LLC

Systematic Options Trader

Chicago, IL · On-site

$80 - $120/hr

About the Position Old Mission Capital, a global quantitative proprietary trading firm, is ... Fully paid Medical, Dental, Vision, Disability, and Life Insurance * Fully stocked kitchen; free ...

New

P2P

Quantitative Trader - Futures

Chicago, IL · On-site

$150 - $250/hr

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 ...

New

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 ...

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All JobsInsurance Quant JobsInsurance Quant Jobs in Chicago, IL

Insurance Quant information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do insurance quant jobs pay per year?

As of Aug 19, 2026, the average yearly pay for insurance quant in Chicago, IL is $174,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,600.00 and $205,000.00 per year, depending on experience, location, and employer.

What is an insurance quant?

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.

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 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.

What are popular job titles related to Insurance Quant jobs in Chicago, IL?

For Insurance Quant jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Insurance Quant jobs in Chicago, IL look for?

The top searched job categories for Insurance Quant jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Insurance Quant jobs?

Cities near Chicago, IL with the most Insurance Quant job openings:

Insurance Quant jobs near you

Campus Full Time 2026 - Quantitative Trader - Boca Raton

Quant Blueprint LLC

Chicago, IL • On-site

$150 - $200/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday

New

Job description

Quantitative Researcher

As a Quantitative Researcher, you will collaborate closely with a team to develop and implement quantitative trading signals, models, and strategies. Our role offers the opportunity to design, implement, and evaluate research systems components using rigorous statistical methodologies. As part of the team, you will gain exposure to diverse research areas, accelerating your expertise in quantitative finance.

Requirements
  • A Bachelor's degree (BS) in mathematics, statistics, machine learning, physics, computer science, or other scientific disciplines is required.
  • Candidates may have up to 3 years of professional experience or be actively pursuing a BS or MS in these fields, with an expected graduation date in 2025.
  • Demonstrated proficiency in quantitative analysis and problem‑solving.
  • Proficiency in Python programming – prior experience tackling data‑intensive challenges, conducting and completing statistical or applied mathematical research.
  • Successful participation in mathematical competitions is a plus (e.g., IMO, Putnam).
  • Prior experience in a quantitative role within a trading environment is a plus.
Desired Qualities
  • Intellectually curious, creative, and rigorous.
  • Willingness to challenge assumptions and revise opinions in the face of compelling evidence.
  • Self‑motivated and highly productive, with a strong sense of urgency and accountability.
  • Willing to take ownership of one’s work, working both independently and within a small team.
  • Meticulous attention to detail.
  • Ability to manage and prioritize multiple threads of work.
  • Able to work across disciplines.
  • Excellent communication and collaboration skills.
  • Comfortable providing and receiving actionable feedback in a collaborative team setting.
Salary and Benefits

The base salary for this role is anticipated to be between $150,000 and $200,000, which is based on information at the time of posting. This position may also be eligible for additional forms of compensation, such as a discretionary bonus, and benefits. Discretionary bonus can be a significant portion of total compensation. Actual compensation for successful candidates will be carefully determined based on a number of factors, including their unique skills, qualifications and relevant experience.

  • Fully paid medical, dental, and vision for employees and dependents, competitive 401k plan, employer‑paid life & disability insurance.
  • Wellness programs, casual dress, snacks, lunch, game room, team and company events.
  • Open environment to maximize learning and knowledge sharing.
  • Generous PTO, paid holidays, competitive paid caregiver leaves.
Equal Opportunity Statement

Aquatic is a proud equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.

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