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Insurance Quant Jobs in Chicago, IL (NOW HIRING)

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 B.V.

Graduate Quantitative Trader

Chicago, IL · On-site

$225 - $275/hr

As a Quant Trader, you will be part of a highly motivated team facing the daily challenge of ... insurance. Start dates are available in February and August 2027. #J-18808-Ljbffr

New

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) ...

IMC B.V.

Quantitative Developer - Python

Chicago, IL · On-site

$200 - $225/hr

IMC is looking for a Quantitative Developer to own the full path from research to production. This ... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ...

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$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 ...

IMC

Quantitative Researcher - Data Curation

Chicago, IL · On-site

$250K - $300K/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

Graduate Quantitative Researcher (PhD)

Chicago, IL · On-site

$250K/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 ...

Trading Interview

Quantitative Trader (Options)

Chicago, IL · On-site

$150 - $200/hr

Fully paid Medical, Dental, Vision, Disability, and Life Insurance * Fully stocked kitchen; free ... Old Mission Capital is a quantitative market-making firm founded in 2008. It prices "thousands of ...

New

Trading Interview

Graduate Quantitative Trader

Chicago, IL · On-site

$120 - $180/hr

As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive ...

New

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Showing results 21-40

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

Quantitative Developer - Python

IMC

Chicago, IL • On-site

$200K - $225K/yr

Other

PTO

Re-posted 22 days ago

Job description

IMC is looking for a Quantitative Developer to own the full path from research to production. This role blends research and engineering, with tight feedback loops from ideation to live trading. You will build the systems that turn quantitative insights into measurable edge, with direct visibility into how your work creates impact.
Your Core Responsibilities
  • Build and maintain systems that span research and production, enabling rapid iteration from idea to production
  • Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints
  • Define, compute, and curate features across instruments, regimes, and time horizons
  • Own feature and signal pipelines, ensuring clean, consistent delivery from research to execution
  • Contribute to strategy optimization, balancing expected performance with real-world constraints
  • Debug issues end-to-end across research and execution

Your Skills and Experience
  • 3-7 years of experience in quantitative software development, preferably at a trading firm or systematic fund
  • Strong production experience in Python, including data analysis workflows (pandas, polars, or similar)
  • Strong grounding in probability, statistics, and time series analysis; familiarity with backtesting and simulation frameworks
  • Solid understanding of ML concepts as applied to systematic strategies, from research through production
  • Experience with low-latency systems is valuable
  • Ability to work fluidly across research and engineering teams

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.
Salary Range
$200,000-$225,000 USD
About Us
IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

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