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Insurance Risk Analyst Jobs in Pennsylvania (NOW HIRING)

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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 Jun 13, 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.

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 Pennsylvania? For Insurance Risk Analyst jobs in Pennsylvania, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Pennsylvania look for? The top searched job categories for Insurance Risk Analyst jobs in Pennsylvania 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:
Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Pennsylvania as of June 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 85% Full Time, 10% Part Time, and 3% Contract. Highlights an 78% Physical, 11% Hybrid, and 11% Remote job distribution, with an average salary of $83,437 per year, or $40.1 per hour.
Enterprise Risk Insurance Manager (Onsite, Altoona PA)

Enterprise Risk Insurance Manager (Onsite, Altoona PA)

New Pig Corporation

Altoona, PA

Full-time

Posted 29 days ago

New Pig rating

8.1

Company rating: 8.1 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

New Pig Corporation
New Pig is seeking an experienced and strategic Risk & Insurance Manager to oversee enterprise-wide risk management and insurance operations for a multi-company organization. This role is responsible for identifying, assessing, and mitigating operational and financial risks while ensuring comprehensive insurance coverage across all business entities.
The ideal candidate will possess strong leadership, analytical, negotiation, and communication skills, along with the ability to manage multiple priorities in a fast-paced environment. This position plays a key role in supporting organizational growth, compliance, and long-term risk mitigation initiatives.
This is an onsite position working from our Central Pennsylvania offices in Altoona or Tipton
Responsibilities
  • Review, evaluate, and negotiate insurance policies to ensure appropriate coverage and cost-effective pricing
  • Manage the insurance portfolio for the parent company and subsidiaries, including renewals, claims administration, and coordination with brokers and carriers
  • Oversee a broad range of insurance programs, including:
    • Workers’ Compensation
    • General Liability
    • Commercial Auto
    • Product Liability
    • Ocean Cargo
    • Professional Liability
    • Crime
    • Global Insurance Programs
    • Pollution Liability
    • Customs Bonds
    • Flood Insurance
  • Develop and implement enterprise risk management strategies to identify and evaluate operational, supply chain, financial, and strategic risks
  • Conduct detailed risk assessments and recommend practical mitigation measures to reduce organizational exposure
  • Monitor insurance claims, loss trends, and risk exposure metrics to identify areas for improvement and recommend coverage adjustments when necessary
  • Research, implement, and maintain risk management software and reporting tools to support multiple companies and improve data tracking and analysis
  • Collaborate with leadership and internal departments to establish risk management protocols and promote a culture of safety, compliance, and risk awareness
  • Develop and deliver training programs related to risk management policies, insurance procedures, and compliance initiatives
  • Prepare reports, presentations, and risk analyses for the Chief Risk Officer, executive leadership, board members, and regulatory agencies as needed
  • Maintain compliance with applicable insurance regulations, reporting requirements, and company policies
Qualifications
  • Proven experience in risk management and insurance administration within a large or multi-entity organization
  • Strong understanding of risk assessment methodologies, insurance coverage analysis, and claims management procedures
  • Experience working with risk management systems, software platforms, and reporting tools
  • Excellent analytical, organizational, and problem-solving abilities
  • Strong negotiation and vendor management skills
  • Advanced proficiency in Microsoft Excel and other data analysis tools
  • Ability to manage multiple projects independently while collaborating effectively across departments
  • Strong written and verbal communication skills
  • Bachelor’s degree in Risk Management, Insurance, Finance, Business Administration, or a related field preferred
  • Professional certifications such as ARM, CRM, CPCU, or similar designations are a plus
Preferred Skills
  • Detail-oriented with excellent time management and follow-through
  • Ability to analyze complex data and present actionable recommendations
  • Strong interpersonal skills with the ability to build relationships across all levels of the organization
  • Experience supporting manufacturing, logistics, distribution, or multi-location operations preferred
This is an onsite position working from our Central Pennsylvania offices in Altoona or Tipton

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