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Insurance Risk Analyst Jobs in Michigan (NOW HIRING)

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Underwriter

East Lansing, MI · On-site

Bachelor's degree or related insurance experience * 3-7 years of experience of underwriting, insurance, risk analysis, or closely related experience; commercial property/casualty, workers ...

SET SEG

Underwriter

East Lansing, MI · On-site

Bachelor's degree or related insurance experience * 3-7 years of experience of underwriting, insurance, risk analysis, or closely related experience; commercial property/casualty, workers ...

Unison Risk Advisors

Sales Associate - P&C

Bloomfield, MI · On-site

$13.25 - $18/hr

Performs a detailed analysis of a prospective client's needs by reviewing their existing insurance / risk management program; makes recommendations for appropriate and competitive coverages.

Accenture

Commercial Insurance Analyst

Detroit, MI · On-site

$23.13 - $48.13/hr

The primary responsibility of the Commercial Insurance Analyst is to ensure compliance with the ... Experience in commercial lending i.e. portfolio management, risk analysis, financial analysis.

Trinity Health

IRMS Accounting / Fin Mgr

Livonia, MI · On-site

Provides insurance and risk management financial and actuarial analytics to external stakeholders, as well as to senior leadership at System Office and the Health Ministries. Coordinates and leads ...

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Insurance Risk Analyst information

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$42.7K

$72.5K

$136K

How much do insurance risk analyst jobs pay per year?

As of Aug 20, 2026, the average yearly pay for insurance risk analyst in Michigan is $72,549.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,700.00 and $75,400.00 per year, depending on experience, location, and employer.

What is an insurance risk analyst?

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 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.

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.

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.

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.

How much do insurance risk analysts get paid?

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

How much does an insurance risk analyst make?

The average salary for an insurance risk analyst is around $70,000 to $90,000 per year, depending on experience, location, and industry. Entry-level positions typically start lower, while experienced analysts with certifications can earn higher salaries. Skills in data analysis and risk assessment tools are often required for higher-paying roles.

Is an insurance risk analyst a good career?

An insurance risk analyst is a professional who assesses and manages risks for insurance companies, often requiring strong analytical skills and knowledge of insurance policies. The role offers opportunities for career growth, stability, and the potential for specialization in areas like underwriting or data analysis, with many positions requiring relevant certifications or degrees. Overall, it can be a stable and rewarding career for those interested in finance, risk management, and data analysis.
More about Insurance Risk Analyst jobs

What are popular job titles related to Insurance Risk Analyst jobs in Michigan?

For Insurance Risk Analyst jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Insurance Risk Analyst jobs in Michigan look for?

The top searched job categories for Insurance Risk Analyst jobs in Michigan are:

What are popular job titles related to Insurance Risk Analyst jobs in MI?

For Insurance Risk Analyst jobs in MI, the most frequently searched job titles are:

Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 21% Part Time, 2% Temporary, 5% Contract, and 1% Nights. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution, with an average salary of $72,549 per year, or $34.9 per hour.

Risk Financing Manager - Insurance Officer (NA)

Stellantis

Auburn Hills, MI

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 14 days ago

Stellantis rating

7.5

Company rating: 7.5 out of 10

Based on 131 frontline employees who took The Breakroom Quiz

15th of 45 rated automakers

Job description

At Stellantis (Formerly Fiat Chrysler Automobiles), we want to empower you to bring your best. That is why we strive to create an environment where our core values of Innovation, Leadership, Passion, Cooperation, and Responsibility can thrive. At Stellantis, you will work in a dynamic, fast-paced environment with people who exemplify the entrepreneurial spirit and work together as a team to continually think bigger and bolder.

The Manager Risk Financing is a high profile senior analytical position within the North American Risk Management function. This is a high impact position with wide-ranging influence. You will often be the "face" of North American Risk Management in discussions with senior executives, insurance regulators, and insurance companies.

Responsibilities include but are not limited to:

  • Assist in structuring and negotiating insurance programs; develop underwriting presentations and present them to senior leaders at insurance company partners during carrier meetings
  • Assist in negotiating and managing relationships with property and casualty/employee benefits insurance brokerage firms and third party administrators across the North American region
  • Present insurance and risk management solutions proposals to senior leaders in the organization
  • Provide leadership to captive team including a cross-functional working group (Legal, Accounting, Finance and external service providers)
  • Assist in directing the captive's underwriting process; work with actuaries, brokers and captive managers to determine appropriate premiums, limits, and retentions to cover risks of the corporate parent and affiliates
  • Assist in coordinating with Finance, Legal and captive leadership on dividend strategies to maximize the efficient use of captive insurance company assets
  • Collect, analyze and summarize data for insurance renewals
  • Review insurance terms in leases and contracts with third parties and negotiate insurance terms when needed; work collaboratively with corporate business development to minimize risk in new ventures
  • Participates in merger and acquisition activities; provides risk management and insurance expertise while procuring additional insurance coverage as necessary
  • Participate in reviewing employee benefits insurance programs for affiliated entities
  • Participate in annual budget review and preparation

Basic Qualifications:

  • Bachelor's degree in Risk Management/Insurance, Finance or relevant experience
  • Minimum of 8 years of relevant insurance experience as a corporate insurance broker, underwriter or risk manager
  • Ability to demonstrate an advanced technical understanding of insurance policy terms and conditions
  • Experience negotiating insurance terms and conditions in contracts with third parties
  • Strong interpersonal and analytical skills

Our Benefits — Designed with You in Mind

Comprehensive Health & Well-being Coverage
From your very first day, you’ll have access to medical, dental, vision, and prescription drug coverage — ensuring you and your family stay healthy and protected.

Generous Paid Time Off
We believe in work-life balance. That’s why we offer: 17+ paid holidays, including shut-down from December 24th through New Years Day every year. Vacation, float & wellbeing days, sick time and fully paid parental leave when your family needs you most.

Competitive Retirement Savings Plans
We help you plan for the future with:

  • An employer match on contributions to your 401k, Roth, and Catch-Up plans
  • An employer contribution, even if you don’t contribute

Income Protection & Insurance Options
Benefit from included and optional disability, life, and other insurance programs — because your peace of mind matters.

Company Vehicle Lease Program
Eligible employees and their immediate families can enjoy company vehicle lease options with included insurance, maintenance, and unlimited mileage. Plus, take advantage of exclusive discounts on Stellantis products.

Family Building Benefit
We proudly support all paths to parenthood- including fertility and infertility treatments, adoption services, and gestational surrogacy.

Support for Your Growth and Giving Back
We believe in investing in your future and your passions:

  • Tuition reimbursement
  • Student loan refinancing programs
  • 18 paid volunteer hours each year to make a difference in your community

And so much more!
When you join us, you’re not just building a career — you’re joining a company that supports you, inside and outside of work.

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