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Insurance Risk Analyst Jobs in Michigan (NOW HIRING)

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.

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All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Michigan

Insurance Risk Analyst information

See Michigan salary details

$42.7K

$72.5K

$136K

How much do insurance risk analyst jobs pay per year?

As of Jun 19, 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 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 between $60,000 and $80,000, with experienced professionals or those in senior roles earning over $100,000. Salaries vary based on experience, location, and certifications such as the Chartered Property Casualty Underwriter (CPCU).

What is the highest paid position in insurance?

In insurance, executive roles such as Chief Underwriting Officer, Chief Risk Officer, or Chief Executive Officer tend to be the highest paid positions, often earning six- to seven-figure salaries. These roles require extensive experience, leadership skills, and often advanced certifications or degrees, and they oversee strategic decision-making and risk management at the highest level.

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 policyholders' risk profiles, and using statistical tools. They help determine appropriate premiums and develop strategies to mitigate losses, often working with underwriting teams and utilizing risk management software.

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 several years of experience, depending on the employer and specific role. Entry-level risk analyst jobs typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training or certifications such as FRM or CRM. More advanced roles may require prior experience or specialized skills in data analysis or risk modeling.

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
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

Sales Executive - P&C

Unison Risk Advisors

Bloomfield Hills, MI

Full-time

Medical, Life, Retirement

Posted 29 days ago

Job description

Job Summary: Responsible to generate sales opportunities with new clients in a defined market; coordinates personal sales efforts with department team members and other internal staff.  Also collaborates with the team to cross-sell products and services; develops and implements a personal sales plan with direct accountability for annual production goals. 

A Day in The Life:

  • Establishes a sales development plan to originate business with new clients; builds and maintains a book of business and incrementally grows the book at plan each year.   

  • Capitalizes on opportunities to cross-sell multiple lines of coverage to existing clients; collaborates with department peers and service staff managing the company's various practices to maximize the sale of services provided. 

  • Maintains a high level of sales activity through self-driven initiatives to achieve production goals; markets products and services to the appropriate contact. 

  • Develops and executes a proactive strategy to source leads, identify and target decision-makers, and make cold calls to obtain opportunities for an appointment and service presentation. 

  • 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. 

  • Customizes insurance programs to suit customer needs covering a variety of risks; explains features, advantages and disadvantages of various policies to promote the sale of services. 

  • Communicates products and services by developing the appropriate presentation and implementing closing techniques to secure the business. 

  • Meets with existing clients on a regular basis to maintain close relationships and ensure required services are provided as expected; acts as an adviser and consultant, helping customers analyze risk and apply innovative solutions to resolve complex risk problems. 

  • Maintains accurate and timely electronic records of all prospecting activities utilizing Microsoft CRM software including the data entry of established contacts, sales calls and presentations performed, closed sales achieved, and other follow-up activities. 

  • Develops a personal network of contacts for the long-term sourcing of prospects through professional referrals and special-interest groups; participants in community events, non-for-profit boards and other community networking opportunities. 

  • Attends industry events, seminars and informational workshops to learn about changes in the competitive market and the new products and services provided; receives technical training and enhances skills to improve account development ability. 

  • Stays up-to-date with legislative changes, industry trends and new product offerings; assists in the implementation of company promotional activities and seminars.   

  • Attends and participates in all mandatory Business Development Team meetings. 

What You’ll Need:

  • 3-5 years or more of related experience or the equivalent combination of education and experience.

  • Successful sales experience in the Insurance Brokerage field is required.

  • Property & Casualty, Life & Health, Personal Lines, or Retirement Planning experience is required.

  • Related license required.

Who You Are:

  • A pro-active, goal-driven and confident attitude 

  • A service-oriented, collaborative approach 

  • Effective networking and relationship-building skills 

  • Exceptional interpersonal abilities 

  • An outgoing, professional demeanor 

  • Excellent listening, verbal and written communication skills 

  • Highly-organized, detail-oriented and results-based  

  • Insightful, creative and innovative 

  • Strong analytical and problem solving skills 

Employment Type: FULL_TIME

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