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Insurance Risk Analyst Jobs in Connecticut (NOW HIRING)

The Hartford

Senior Risk Analyst, CAT

Hartford, CT

Sr Risk Analyst - KR07DERisk Manager - KR07AE We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having ...

Gerald Group

Risk Analyst

Stamford, CT · On-site

The Risk Analyst is responsible for reconciling, analyzing, and reporting the middle office P&L and ... life insurance benefits • Commuter benefits • Flexible Spending Accounts • Health Saving ...

Gerald Group

Risk Analyst

Stamford, CT · On-site

The Risk Analyst is responsible for reconciling, analyzing, and reporting the middle office P&L and ... insurance benefits · Commuter benefits · Flexible Spending Accounts · Health Saving Account · ...

Talcott Financial Group

Senior Risk Analyst

Hartford, CT · On-site

$107K - $127K/yr

... insurance risks. We produce actionable, data-driven risk insights This team is composed of ... Our Senior Risk Analyst position will offer the selected candidate exposure to Senior ERM ...

IFG Companies

Risk Management Actuary

Hartford, CT · On-site

$150K - $200K/yr

Providing analytical support for internal and external reporting, including management, regulatory ... S. commercial insurer, with meaningful exposure to catastrophe modeling and/or reinsurance.

Orion Talent

Account Engineer

Glastonbury, CT · On-site

$110K/yr

Description The Account Engineer is responsible for assessing and mitigating nuclear insurance risk ... analyze technical data and assess risk • Ability to act as a subject matter expert in at least ...

IFG Companies

Senior Actuarial Analyst

Hartford, CT · On-site

$100K - $130K/yr

S. commercial insurer, in the actuarial, underwriting, risk management, product management and/or claims areas. * Required: Four (4) actuarial exams recognized by the Casualty Actuarial Society.

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All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Connecticut

Insurance Risk Analyst information

See Connecticut salary details

$46.6K

$79.2K

$148.4K

How much do insurance risk analyst jobs pay per year?

As of Jul 13, 2026, the average yearly pay for insurance risk analyst in Connecticut is $79,182.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,800.00 and $82,300.00 per year, depending on experience, location, and employer.

How much does an insurance analyst make?

The average salary for an insurance risk analyst is around $70,000 to $85,000 per year, depending on experience, location, and certifications. Entry-level analysts typically earn less, while those with specialized skills or advanced credentials can earn higher salaries. Compensation may also include bonuses and benefits based on performance and company size.

What are some common challenges faced by Insurance Risk Analysts in evaluating emerging risks?

Insurance Risk Analysts often encounter challenges when assessing emerging risks such as cyber threats, climate change, or new technologies, as there may be limited historical data available. This requires them to continuously update their knowledge, collaborate with underwriters, actuaries, and external experts, and adopt advanced analytical tools to make informed recommendations. Staying proactive in identifying trends and adapting risk models is essential for success in this dynamic environment.

How much do risk analysts get paid?

Risk analysts in the insurance industry typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and certifications. Entry-level positions may start lower, while experienced analysts with specialized skills can earn over $100,000 annually.

What are Insurance Risk Analysts?

Insurance Risk Analysts are professionals who assess and analyze potential risks that could affect an insurance company or its clients. They evaluate data and financial information to determine the likelihood and potential cost of events such as accidents, natural disasters, or other losses. Their work helps insurance companies set appropriate premiums and develop strategies to minimize financial loss. Insurance Risk Analysts also monitor trends and provide recommendations to reduce risk exposure.

What does a risk analyst do for an insurance company?

An insurance risk analyst evaluates potential risks that could affect an insurance company's financial stability by analyzing data, assessing risk exposure, and developing strategies to mitigate losses. They use statistical tools and industry knowledge to determine policy pricing and ensure the company's risk management aligns with regulatory standards.

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

AspectInsurance Risk AnalystInsurance Underwriter
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like CPCU or ARM beneficialBachelor's degree in finance, economics, or related field; certifications like CPCU or ARM beneficial
Work EnvironmentAnalyzes data, assesses risks, and provides reports; often in an office settingEvaluates applications, determines policy terms, and approves or declines coverage; office-based
Employer & Industry UsageInsurance companies, risk management firms, consulting agenciesInsurance companies, brokerage firms, underwriting agencies

While both roles require similar credentials and work in the insurance industry, Insurance Risk Analysts focus on analyzing and quantifying risks to inform decision-making, whereas Insurance Underwriters evaluate individual applications to determine policy terms. Understanding these differences helps clarify career paths and employer expectations in the insurance sector.

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

To thrive as an Insurance Risk Analyst, you need strong analytical skills, a solid understanding of risk assessment methodologies, and typically a bachelor’s degree in finance, mathematics, or a related field. Familiarity with statistical software, risk modeling tools, and certifications such as Chartered Property Casualty Underwriter (CPCU) or Associate in Risk Management (ARM) are often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for interpreting data and presenting findings to stakeholders. These skills ensure accurate risk evaluation, informed decision-making, and the development of effective risk mitigation strategies within insurance organizations.

Is risk analyst an entry level job?

A risk analyst position can be entry-level or require some experience, depending on the employer. Entry-level risk analyst roles typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training. Advanced roles may require additional certifications or experience in data analysis or risk management tools.

What Does an Insurance Risk Analyst Do?

An insurance risk analyst performs a variety of duties related to assessing risks your clients may undergo and how to insure them properly. You collect and analyze data, such as past claims in the industry, competitor pricing, and various risk management strategies to help your company keep costs down. Qualifications for the job include career training, education, and specialized skills. Typically, you need a bachelor’s degree in accounting or finance and some work experience in the industry. Important skills include an excellent eye for detail and strong analytical problem-solving.

More about Insurance Risk Analyst jobs
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What job categories do people searching Insurance Risk Analyst jobs in Connecticut look for? The top searched job categories for Insurance Risk Analyst jobs in Connecticut are:
What are popular job titles related to Insurance Risk Analyst jobs in CT? For Insurance Risk Analyst jobs in CT, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you
Senior Risk Analyst, CAT

Senior Risk Analyst, CAT

The Hartford

Hartford, CT

Full-time

Re-posted 4 days ago

The Hartford rating

8.8

Company rating: 8.8 out of 10

Based on 110 frontline employees who took The Breakroom Quiz

53rd of 281 rated insurance

Job description

Sr Risk Analyst - KR07DERisk Manager - KR07AE

We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.

Senior Risk Analyst, CAT

The Enterprise Risk Management (ERM) department is responsible for enterprise aggregate exposure management and reporting, portfolio aggregation and catastrophe pricing and modeling. The Senior Risk Analyst will support reporting of key catastrophe modeling metrics for Middle and Large Business . The position will report to the Senior Director of ERM Insurance Risk Management.

We are not able to offer any kind of visa sponsorship at this time for this position

Responsibilities

  • Support Middle and Large Business catastrophe modeling for natural perils, terrorism and other specified non-CAT metrics.
  • Communicate with business segments regarding catastrophe model output and key modeling initiatives.
  • Oversee monthly, quarterly, and annual reporting for key catastrophe modeling metrics.
  • Interact with other functional areas within and outside of the ERM organization.

Qualifications

  • An undergraduate degree in Economics or Actuarial Science and a demonstrated aptitude for coding, statistical analysis, and data visualization.
  • 5+ years of work experience related to catastrophe risk management and modeling.
  • Experience in Excel/VBA, SQL, R and CoPilot (or other AI)
  • Experience of working with commonly used Catastrophe Models such as AIR (Touchstone) or RMS (Risklink). CEEM designation is preferred but not required.
  • Good verbal and written communications skills.
  • The ability to manage multiple projects at once.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

111,200 - 168,600

The posted salary range reflects our ability to hire at different position titles and levels depending on background and experience.

Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us|Our Culture | What It's Like to Work Here | Perks & Benefits

What The Hartford employees say

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About Hartford

Sourced by ZipRecruiter

Hartford Financial Services Group, widely recognized as The Hartford, is a renowned company based in Hartford, CT, US. Established in 1810, it has evolved into an industry leader in the insurance and financial services sector, proudly serving more than one million businesses in the US. The Hartford is committed to offering a gamut of insurance products that include homeowners, automobile, and business insurance as well as employee benefits and mutual funds. The company’s core values revolve around customer-focused innovations, diversity and inclusion, and ethical dealings that have earned them a customer-centric reputation. This shapes their mission which revolves around aiding their clients to overcome unforeseen obstacles and enhancing their wealth over time. Among the company's noted accomplishments is being consistently listed among the World's Most Ethical Companies, a testament to their unwavering commitment towards responsible business practices.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Hartford, CT, US

Year founded

1810

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