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Insurance Rate Analyst Jobs (NOW HIRING)

Alfa Insurance Corporate

Rate Analyst

Montgomery, AL · On-site

Health insurance * Paid time off * Savings bank Company Overview Alfa Insurance ® is an A-rated ... Working as a Rate Analyst will involve preparing insightful reports, organizing data from Ratabase ...

Werner

Intermodal Rate Analyst

Oakbrook Terrace, IL

Complete additional rate related projects, analysis, and other duties as assigned by supervisory ... We also offer a 401(k) plan, stock purchase plan, paid time off, life insurance, disability plans ...

Werner

Intermodal Rate Analyst

Omaha, NE

Complete additional rate related projects, analysis, and other duties as assigned by supervisory ... We also offer a 401(k) plan, stock purchase plan, paid time off, life insurance, disability plans ...

Kforce Technology Staffing

GRC Analyst

Grapevine, TX · On-site

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and ... and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will ...

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How much do insurance rate analyst jobs pay per hour?

As of Jul 15, 2026, the average hourly pay for insurance rate analyst in the United States is $23.80, according to ZipRecruiter salary data. Most workers in this role earn between $19.23 and $26.20 per hour, depending on experience, location, and employer.

What does an Insurance Rate Analyst do?

An Insurance Rate Analyst is responsible for evaluating and setting insurance premium rates based on risk assessment and statistical data. They analyze historical data, market trends, and regulatory requirements to ensure that rates are competitive and financially sound for the insurance company. Their work helps maintain the balance between profitability for the insurer and affordability for the policyholders. Insurance Rate Analysts often collaborate with actuaries, underwriters, and regulatory bodies to ensure compliance and accuracy in rate filings.

How does an Insurance Rate Analyst typically collaborate with underwriters and actuaries in daily operations?

Insurance Rate Analysts work closely with underwriters and actuaries to ensure that insurance premiums are calculated accurately and fairly. On a daily basis, they review data, analyze risk factors, and provide analytical support to help underwriters assess policy applications. They often participate in team meetings to discuss rate adjustments and share insights based on market trends or regulatory changes. This collaborative environment allows for continuous learning and ensures that pricing strategies are both competitive and compliant.

What is the difference between Insurance Rate Analyst vs Insurance Underwriter?

AspectInsurance Rate AnalystInsurance Underwriter
CredentialsBachelor's degree in finance, economics, or related field; certifications like CPCU or ARMBachelor's degree; industry certifications like CPCU are common but not mandatory
Work EnvironmentAnalyzing data, developing rates, working in offices or remotelyAssessing risks, reviewing applications, collaborating with agents
Employer & Industry UsageInsurance companies, actuarial firms, brokersInsurance companies, underwriting agencies

Insurance Rate Analysts focus on analyzing data to develop and recommend insurance rates, while Insurance Underwriters evaluate individual applications to determine coverage eligibility and risk. Both roles require analytical skills and industry knowledge, but Rate Analysts primarily work with data and rate calculations, whereas Underwriters assess specific risks for policy approval.

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

To thrive as an Insurance Rate Analyst, you need strong analytical skills, a solid understanding of statistics and actuarial science, and typically a bachelor's degree in mathematics, finance, or a related field. Familiarity with statistical modeling tools, spreadsheet software, and insurance rating systems is important, and professional certifications such as the Associate of the Society of Actuaries (ASA) can be beneficial. Attention to detail, critical thinking, and effective communication skills set top performers apart in this role. These skills ensure accurate risk assessments, compliance with regulations, and clear reporting to support sound insurance pricing strategies.
More about Insurance Rate Analyst jobs
What job categories do people searching Insurance Rate Analyst jobs look for? The top searched job categories for Insurance Rate Analyst jobs are:
Insurance Rate Analyst jobs near you
Infographic showing various Insurance Rate 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 $49,501 per year, or $23.8 per hour.
Rate Analyst

Rate Analyst

Alfa Insurance Corporate

Montgomery, AL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 15 days ago

Alfa Insurance rating

6.1

Company rating: 6.1 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

258th of 281 rated insurance

Job description

Benefits:
  • Onsite Cafeteria
  • Dental insurance
  • Health insurance
  • Paid time off
  • Savings bank

Company Overview
Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.
Working as a Rate Analyst will involve preparing insightful reports, organizing data from Ratabase RIA outputs, and maintaining algorithms for accurate pricing and product revisions. We're looking for someone who is not only highly organized and proactive but also thrives on taking initiative and working independently.
If you're excited about using your expertise to drive strategic decisions and be a key player in a collaborative and innovative environment, we want to meet you. Join us and make a meaningful impact on our company's growth and success! As part of the Alfa family, you can discover your purpose and help make a difference in the lives of our policyholders and your community.
Job Summary
Are you a detail-oriented professional with a passion for problem-solving? We're looking for a motivated and organized Rate Analyst to join our team and help shape the future of our product offerings. In this role, you'll be at the heart of determining and developing rates for both our current and new products, ensuring our pricing structures are both competitive and profitable.
You'll have the opportunity to dive into analyzing loss experiences, conduct studies, and assess the profitability, competitiveness, and adequacy of our loss reserves. From preparing and managing rate filings across various states to handling electronic submissions and maintaining clear communication with regulatory bodies, your work will be pivotal in our rate determination process.
Responsibilities
  • Support the determination of rates and rate structures for existing products and development of rates for new products.
  • Assist in monitoring the loss experience and conducting studies to analyze profitability, competitiveness, and adequacy of loss reserves.
  • Prepare exhibits, rates, and relativities for rate filings in all companies in all states.
  • File rates electronically, monitor SERRF communications and handle correspondence until filings are approved.
  • Prepare reports from Ratabase RIA output and organize analysis.
  • Write and maintain roadmaps algorithms and enter rates for pricing or product revisions.
  • Perform testing as needed to ensure rate accuracy.

Qualifications
  • B.A. or B.S. degree with focus on mathematics, statistics, business, and/or insurance required.
  • Broad insurance experience with an emphasis on actuarial and/or pricing knowledge preferred.
  • Broad knowledge of the company and its activities, policies, and underwriting rules preferred.
  • Willingness to learn to use rating engine (Ratabase) required.
  • Strong spreadsheet and/or database skills desired.
  • Excellent organizational skills.
  • Good interpersonal, written, and oral communication skills.
  • Be self-motivated and able to work well with minimum supervision.

Benefits/Perks
  • Opportunity for annual performance bonus
  • Discounts on your auto insurance (underwriting approval required)
  • Benefits include: Health, dental, supplemental cancer, vision insurance and 401(k) plan
  • Paid time off bank to include 3 days PTO after 80 hours worked
  • Short-term and long-term disability
  • Flexible Healthcare and Childcare spending accounts for tax savings
  • Opportunities for advancement
  • Continuous training and support throughout your career with Alfa
  • College tuition discounts at various colleges in Alabama
  • Fitness center
  • Onsite cafeteria

Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of auto, home, life, farm and business insurance products. Alfa® is known for its superior customer service and boasts 94% claims satisfaction. Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states.
Working for Alfa Insurance® is more than just servicing customers and selling insurance. It's becoming part of a well-respected company that is based on our core 4 values of faith, family, community and integrity.

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