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Insurance Risk Analyst Jobs in Pennsylvania (NOW HIRING)

Leveraging their expertise in risk management and insurance, the candidate will help ensure that ... Analyze and interpret quantitative and qualitative data to identify trends, patterns, and emerging ...

NewLane Finance is seeking an individual to assist the credit and risk modeling and analytics ... insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness ...

NewLane Finance is seeking an individual to assist the credit and risk modeling and analytics ... insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness ...

NewLane Finance is seeking an individual to assist the credit and risk modeling and analytics ... insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness ...

Risk Anaylst

Media, PA

$80K - $100K/yr

You will be exposed to the world of commercial insurance and risk management. We provide a ... Analyzing insurance exposure and claims data * Producing insurance documents * Responding to ...

As our AVP of Asset Risk & Analytics, you will contribute to and support risk management of the ... Demonstrated knowledge of insurance company portfolio management, asset-liability management ...

IRC Analyst

Reedsville, PA · On-site

$70K - $110K/yr

Overview Horizon Farm Credit is seeking an IRC Analyst to join our Risk team. Two positions ... Medical insurance with dental and vision care options * 401(k) with significant employer matching

IRC Analyst

Mechanicsburg, PA · Hybrid

$70K - $110K/yr

Overview Horizon Farm Credit is seeking an IRC Analyst to join our Risk team. Two positions ... Medical insurance with dental and vision care options * 401(k) with significant employer matching

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Insurance Risk Analyst information

See Pennsylvania salary details

$49.1K

$83.4K

$156.4K

How much do insurance risk analyst jobs pay per year?

As of Jul 27, 2026, the average yearly pay for insurance risk analyst in Pennsylvania is $83,437.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,200.00 and $86,700.00 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.

What are popular job titles related to Insurance Risk Analyst jobs in Pennsylvania? For Insurance Risk Analyst jobs in Pennsylvania, the most frequently searched job titles are:
What are popular job titles related to Insurance Risk Analyst jobs in PA? For Insurance Risk Analyst jobs in PA, the most frequently searched job titles are:
Infographic showing various Insurance Risk Analyst job openings in Pennsylvania as of July 2026, with employment types broken down into 3% Locum Tenens, 82% Full Time, 10% Part Time, 1% Temporary, and 4% Contract. Highlights an 85% Physical, 6% Hybrid, and 9% Remote job distribution, with an average salary of $83,437 per year, or $40.1 per hour.
Senior Risk Analyst

Senior Risk Analyst

Chubb

Philadelphia, PA • On-site

Full-time

Posted 21 days ago


Chubb rating

8.2

Company rating: 8.2 out of 10

Based on 66 frontline employees who took The Breakroom Quiz

135th of 299 rated insurance


Job description

The Chubb Enterprise Risk Unit is seeking a motivated and creative applicant to fill the position of Senior Risk Analyst.This position is with the Global Enterprise Risk Management group reporting to the Assistant Vice President of Risk Insights and is based in Philadelphia, PA. The Enterprise Risk Management team is responsible for identification, monitoring and assessment of emerging risks that have the potential to cause a significant impact to Chubb. The Enterprise Risk Unit works with numerous Chubb stakeholders and regional teams around the world to ensure appropriate action is taken on emerging risk.

The successful candidate will be responsible for the development of emerging risk analyses including ascertaining which emerging risks are most relevant to Chubb. The candidate will regularly engage with senior business leaders, especially in underwriting and risk consulting, to drive action on these emerging risks. Other aspects of the role include supporting accurate quantification of emerging risk exposures and advancing a culture of robust risk management across the organization via effective risk communication. Leveraging their expertise in risk management and insurance, the candidate will help ensure that Chubb sustains a best-in-class enterprise risk management program.

Major Duties & Responsibilities

  • Prepare clear, accurate, and professionally formatted reports and presentations that communicate emerging risk findings to internal and external stakeholders, ensuring that complex data and analyses are distilled into accessible, audience-appropriate materials.
  • Design and implement processes or tools that improve the early detection, evaluation, and continuous monitoring of emerging risks.
  • Analyze and interpret quantitative and qualitative data to identify trends, patterns, and emerging risk signals to support data-driven decision-making.
  • Identify appropriate sources of information to deepen understanding of how emerging risks could affect insurance portfolios.
  • Leverage technology where applicable to automate and/or drive insights.
  • Demonstrate an ongoing commitment to learning by proactively exploring emerging technologies, societal trends, and relevant industry developments. 
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

Qualifications

  • 5+ years of experience in underwriting, risk management, actuarial, or similar (underwriting preferred) 
  • Ability to work both independently and within a team environment using multiple internal and external resources appropriately, effectively, and efficiently
  • Organized with strong attention to detail
  • Proactive, self-motivated and results oriented
  • Strong oral and written communication skills
  • Curiosity about how things work 
  • Interest in emerging trends and technologies 
  • Ability to craft an argument
  • Knowledge about the insurance industry
  • Skilled in Microsoft Office suite

About Us

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.


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About Chubb

Sourced by ZipRecruiter

Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. We are a unique global organization with a culture of individuals passionately committed to our respective crafts. With underwriting at our core, each of us contributes to providing the best insurance coverage and service to our clients. Our highly collaborative, inclusive nature helps us drive better business outcomes through diversity of background, experiences, insights and values.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

Warren, NJ, US