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Insurance Risk Analyst Jobs in South Carolina (NOW HIRING)

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Insurance Risk Analyst information

See South Carolina salary details

$45.5K

$77.2K

$144.8K

How much do insurance risk analyst jobs pay per year?

As of Aug 21, 2026, the average yearly pay for insurance risk analyst in South Carolina is $77,240.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,300.00 and $80,300.00 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.

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

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

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

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

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

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

Infographic showing various Insurance Risk Analyst job openings in South Carolina as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $77,240 per year, or $37.1 per hour.

Senior Auditor-Financial Analyst

SC Department of Insurance

Columbia, SC • On-site

$58K - $69K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 15 days ago


Job description

Salary: $58,000.00 - $69,200.00 Annually
Location : Richland County, SC
Job Type: FTE - Full-Time
Job Number: 183130
Agency: Department of Insurance
Opening Date: 12/09/2025
Closing Date: 8/31/2026 11:59 PM Eastern
Residency Requirement: Yes
Class Code:: AN21
Position Number:: 60025935,60025942,60026042, 60025933,60026044,60025729, 60026038
Normal Work Schedule:: Monday - Friday (8:30 - 5:00)
Pay Grade: GEN10
Hiring Range - Min.: $58,000.00
Hiring Range - Max.: $69,200.00
EEO Statement: Equal Opportunity Employer
Agency Specific Application Procedures:: A RESUME WILL NOT BE ACCEPTED NOR REVIEWED TO DETERMINE IF AN APPLICANT HAS MET THE QUALIFICATIONS FOR THE POSITION. If you meet the requirements of the position and would like to be considered, you must submit a state application online. Please complete the state application to include all current and previous work history and education. Supplemental questions are considered part of your official application. Any misrepresentation will result in your disqualification from employment. The quality of the application presented (completeness and accuracy as well as grammar and spelling) will be considered prior to the offer of an interview. An offer of employment is contingent upon a satisfactory criminal background check. Applications will be accepted until 11:59 on the state closing date.
Veteran Preference Statement: South Carolina is making our Veterans a priority for employment in state agencies and institutions.
Job Responsibilities
Mission Statement:
The mission of the State of South Carolina Department of Insurance is to protect the insurance consumers, the public interest, and the insurance marketplace by ensuring the solvency of insurers; by enforcing and implementing the insurance laws of the State; and by regulating the insurance industry in an efficient, courteous, responsive, fair, and equitable manner. For more information about working at the SC Department of Insurance, please visit
These positions are located in the Financial Regulation and Solvency Division.
The South Carolina Department of Insurance (SCDOI) is seeking motivated individuals to join our Financial Regulations & Solvency Division as Senior Auditors/Analysts. Experience is not required, we will train the right candidates. A bachelor's degree in Accounting ,Finance, Insurance, Risk Management or related field, with appropriate coursework in accounting/auditing is required.
In this role, you will help protect South Carolina consumers by evaluating the financial strength and solvency of insurance companies operating in the state. Working under the direction of the Supervising Financial Analyst, you will review statutory and/or GAAP financial statements, assess risks, identify solvency concerns, and determine compliance with state laws and NAIC guidance. You will analyze company financial statements, audited financial reports, actuarial opinions, holding company filings, NAIC solvency tools, and financial indicators to understand trends, ratios, and emerging risks.
Minimum and Additional Requirements
Candidates must hold a bachelor's degree in Accounting or Finance, Insurance, Risk Management or related field, and be proficient in Microsoft Excel and Word.
Preferred Qualifications
Preferred qualifications include coursework or experience in accounting or auditing, 1-3 years of financial analysis experience, and progress toward certifications such as CPA, CFE, ARe, or CPCU. While not required, these credentials are encouraged.
Additional Comments
SCDOI offers extensive professional development training and opportunities to pursue qualifying certifications. When these certifications are passed, employees become eligible for financial rewards, including salary increases or bonuses tied to their achievement.
Joining SCDOI offers a meaningful public service career with excellent state benefits, stability, and ongoing training.
Educational Credentials:
Applicants indicating college credit or degree(s) on the application will be required to submit a sealed, certified copy of the transcript(s) prior to beginning employment. Failure to produce an official, certified transcript will result in any conditional offer of employment being rescinded.
Equal Opportunity Employer:
It is the policy of the South Carolina Department of Insurance to provide equal employment opportunities to all job applicants and employees without regard to their race, color, religion, national origin, sex (including, but not limited to, pregnancy, childbirth or related medical conditions and lactation), disability or age.
Veteran Preference Statement:
South Carolina is making our Veterans a priority for employment in state agencies and institutions.
The Department of Insurance offers an exceptional benefits package for FTE positions that includes:
  • Health, Dental, Vision, Long Term Disability, and Life Insurance for Employee, Spouse, and Children
  • 15 days annual (vacation) leave per year
  • 15 days sick leave per year
  • 13 paid holidays
  • State Retirement Plan (pension plan option) and Deferred Compensation Programs
  • Employee Assistance Program
    • Free counseling sessions for employees and household members
    • Free legal counseling
    • Free financial counseling
  • Flexible Work Schedules
    • Compressed work weeks
    • Part-time telecommuting
    • Flex-time
    • Contingent upon completing required probationary period
  • Free Gym Access
  • Growth Opportunities
    • Certifications/designation program allowing for salary increases and bonuses
  • Infants at Work Program
    • Employees eligible to bring their newborn/infant to the workplace
  • Free Parking

Benefits for State Employees
The state of South Carolina offers eligible employees generous benefits, including health and dental insurance; retirement and savings plan options; and paid vacation and sick leave. Plus, work-life balance programs such as telecommuting and flexible work schedules are available to employees of some state agencies.
Insurance Benefits
Eligible employees may enroll in health insurance, which includes prescription coverage and wellness benefits. Other available insurance benefits include dental, vision, term life insurance, long term disability and flexible spending accounts for health and child care expenses.
Retirement Benefits
State employees are also offered retirement plan options, including defined benefit and defined contribution plans. Additionally, eligible employees may elect to participate in the South Carolina Deferred Compensation Program, which is a voluntary, supplemental retirement savings plan offering 401(k) and 457 plan options.
Workplace Benefits
State employees may also be eligible for other benefits, including tuition assistance; holiday, annual and sick leave; and discounts on purchases, travel and more.
Note: The benefits above are available to most state employees, with the exception of those in temporary positions. Employees in temporary grant and time-limited positions may be eligible for all, some or none of these benefits as benefits are associated with each position type. For these positions, contact the hiring agency to determine what benefits may be available.
01
Have you previously analyzed financial statements (balance sheets, income statements, cash flow)? If so, describe your experience.
02
What is your experience with statutory accounting principles (SAP) or generally accepted accounting principles (GAAP)? Is any of your accounting experience insurance related?
03
Do you have experience conducting ratio analysis, trend analysis, or solvency analysis? If so, please describe your experience.
04
This role requires writing clear financial summaries and reports. How would you rate your professional writing skills?
05
If offered the position, are you willing to accept an annual salary between $58,000 - $69,200?
  • Yes
  • No

Required Question