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Insurance Risk Analyst Jobs in Minnesota (NOW HIRING)

3M

Senior Analyst, Insurance & Risk Management

Maplewood, MN · On-site +1

$84.60K - $103.39K/yr

Senior Analyst, Insurance & Risk Management Collaborate with Innovative 3Mers Around the World Choosing where to start and grow your career has a major impact on your professional and personal life ...

3M

Senior Analyst, Insurance & Risk Management

Saint Paul, MN · On-site +1

$84.60K - $103.39K/yr

Senior Analyst, Insurance & Risk Management Collaborate with Innovative 3Mers Around the World Choosing where to start and grow your career has a major impact on your professional and personal life ...

3M

Senior Analyst, Insurance & Risk Management

Maplewood, MN · On-site +1

$84.60K - $103.39K/yr

Senior Analyst, Insurance & Risk Management Collaborate with Innovative 3Mers Around the World Choosing where to start and grow your career has a major impact on your professional and personal life ...

Affinity Plus

Enterprise Risk Analyst

Saint Paul, MN · On-site

Business Continuity and Insurance Support • Support business continuity and operational ... insurance analytics and risk transfer assessments. Minimum Qualifications and Skills Required ...

Affinity Plus

Enterprise Risk Analyst

Saint Paul, MN · On-site

Business Continuity and Insurance Support • Support business continuity and operational ... insurance analytics and risk transfer assessments. Minimum Qualifications and Skills Required ...

Ameriprise Financial

Investment Risk Analyst

Minneapolis, MN · On-site

$87.40K - $120.20K/yr

... and RiverSource Insurance and Annuities. Columbia Threadneedle Investments, the global asset ... This role assists senior risk managers to measure, monitor, analyze, and manage investment risk ...

Ameriprise Financial

Sr. Risk Analyst

Minneapolis, MN · On-site

$76.30K - $104.90K/yr

... manager and an insurer. Our unwavering focus on our clients and strong financial foundation ... This position provides analysis and supports Risk Management initiatives. Supports day-to-day risk ...

Ameriprise Financial

Sr. Risk Analyst

Minneapolis, MN

$76.30K - $104.90K/yr

... manager and an insurer. Our unwavering focus on our clients and strong financial foundation ... This position provides analysis and supports Risk Management initiatives. Supports day-to-day risk ...

FAVARH

AVP Risk Employee Benefits

Minneota, MN

Individual will manage and coach a team of dedicated operational risk analysts focusing on risk ... Health, dental, vision and life insurance plans * 401(k) Savings plan - with generous company ...

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Insurance Risk Analyst information

See Minnesota salary details

$48K

$81.5K

$152.8K

How much do insurance risk analyst jobs pay per year?

As of May 28, 2026, the average yearly pay for insurance risk analyst in Minnesota is $81,523.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,700.00 and $84,700.00 per year, depending on experience, location, and employer.

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 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 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.

More about Insurance Risk Analyst jobs
What are popular job titles related to Insurance Risk Analyst jobs in Minnesota? For Insurance Risk Analyst jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Minnesota look for? The top searched job categories for Insurance Risk Analyst jobs in Minnesota are:
What are popular job titles related to Insurance Risk Analyst jobs in MN? For Insurance Risk Analyst jobs in MN, the most frequently searched job titles are:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Minnesota as of May 2026, with employment types broken down into 100% Full Time. Highlights an 82% In-person, 6% Hybrid, and 12% Remote job distribution, with an average salary of $81,523 per year, or $39.2 per hour.
Senior Analyst, Insurance & Risk Management

Senior Analyst, Insurance & Risk Management

3M

Maplewood, MN • On-site, Remote

$84.60K - $103.39K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 4 days ago

3M rating

8.0

Company rating: 8.0 out of 10

Based on 229 frontline employees who took The Breakroom Quiz

131st of 511 rated manufacturers

Job description

Job Description:

Senior Analyst, Insurance & Risk Management

Collaborate with Innovative 3Mers Around the World

Choosing where to start and grow your career has a major impact on your professional and personal life, so it's equally important you know that the company that you choose to work at, and its leaders, will support and guide you. With a wide variety of people, global locations, technologies and products, 3M is a place where you can collaborate with other curious, creative 3Mers.

This position provides an opportunity to transition from other private, public, government or military experience to a 3M career.

The Impact You'll Make in this Role

As the Senior Analyst, Insurance & Risk Management, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative people around the world. Here, you will make an impact by:

  • Collect, organize, and analyze exposure and underwriting data for global insurance programs.
  • Prepare and review renewal applications, quotes, binders, and policies for accuracy.
  • Maintain corporate and international schedules of insurance; integrate standalone policies into global programs.
  • Manage corporate surety bond program.
  • Manage timely issuance of insurance certificates and auto ID cards.
  • Oversee invoice/payment process for premiums, fees, and claim billings.
  • Compile and analyze renewal and claims data for audits and reporting.
  • Serve as primary contact for operating companies regarding insurance inquiries, bonds, certificates, and auto ID requests.
  • Provide assistance in data and risk analysis for projects as needed.
  • Other duties as assigned.

Your Skills and Expertise

To set you up for success in this role from day one, 3M requires (at a minimum) the following qualifications:

  • Bachelor's degree or higher in Finance, Accounting, or Business Administration (completed and verified prior to start)
  • Five (5)years offinance or accounting experience in a private, public, government or military environment

Additional qualifications that could help you succeed even further in this role include:

  • Effective time management skills and the ability to manage multiple tasks with changing priorities/assignments
  • Strong problem solving and analytical skills, including the ability to analyze complex data sets
  • Applies analytical, critical thinking skills to understand and organize complex projects
  • Excellent verbal and written communication skills
  • Highly adaptable to situational and organizational changes
  • Detail oriented, with a strong sense of follow-up and completion
  • Ability to work independently and be a self-starter

Work location:

  • Remote - This position has the possibility for remote work for candidates located more than 50-miles from 3M Global Headquarters in Maplewood, MN. For candidates located within a commutable distance to Maplewood, MN, this rolefollows an on-site working model, requiring the employee to work at least four days a week at the 3M Center in Maplewood, MN.

Travel:May include upto10% domestic

Relocation: Is not authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being

3M offers many programs to help you live your best life - both physically and financially. To ensure competitive pay and benefits, 3M regularly benchmarks with other companies that are comparable in size and scope.

Chat with Max

For assistance with searching through our current job openings or for more information about all things 3M, visit Max, our virtual recruiting assistant on 3M.com/careers.

Applicable to US Applicants Only:The expected compensation range for this position is $84,595 - $103,394, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate's relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/.Good Faith Posting Date Range 05/22/2026 To 06/21/2026 Or until filledAll US-based 3M full time employees will need to sign an employee agreement as a condition of employment with 3M. This agreement lays out key terms on using 3M Confidential Information and Trade Secrets. It also has provisions discussing conflicts of interest and how inventions are assigned. Employees that are Job Grade 7 or equivalent and above may also have obligations to not compete against 3M or solicit its employees or customers, both during their employment, and for a period after they leave 3M.Learn more about 3M's creative solutions to the world's problems at www.3M.com or on Instagram, Facebook, and LinkedIn @3M.Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.Safety is a core value at 3M. All employees are expected to contribute to a strong Environmental Health and Safety (EHS) culture by following safety policies, identifying hazards, and engaging in continuous improvement.Pay & Benefits Overview: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/3M does not discriminate in hiring or employment on the basis of race, color, sex, national origin, religion, age, disability, veteran status, or any other characteristic protected by applicable law.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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