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Insurance Risk Analyst Jobs in Wisconsin (NOW HIRING)

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The Insurance Risk Manager will exercise independent decision-making skills by analyzing operations and contractual obligations in the context of insurance solutions to mitigate risk and coordinate ...

Analyze risk data to identify trends, root causes, and improvement opportunities * Prepare and ... Personal banking, loan, investment and insurance benefits. Associated Bank serves more than 120 ...

Analyze risk data to identify trends, root causes, and improvement opportunities * Prepare and ... Personal banking, loan, investmentand insurance benefits. Associated Bank serves more than 120 ...

Risk Analyst

Milwaukee, WI

$28.97 - $49.67/hr

Analyze risk data to identify trends, root causes, and improvement opportunities * Prepare and ... Personal banking, loan, investmentand insurance benefits. Associated Bank serves more than 120 ...

Analyze risk data to identify trends, root causes, and improvement opportunities * Prepare and ... Personal banking, loan, investment and insurance benefits. Associated Bank serves more than 120 ...

Analyze risk data to identify trends, root causes, and improvement opportunities * Prepare and ... Personal banking, loan, investmentand insurance benefits. Associated Bank serves more than 120 ...

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Insurance Risk Analyst information

See Wisconsin salary details

$49.5K

$84K

$157.5K

How much do insurance risk analyst jobs pay per year?

As of May 29, 2026, the average yearly pay for insurance risk analyst in Wisconsin is $84,016.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,600.00 and $87,300.00 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.

What are popular job titles related to Insurance Risk Analyst jobs in Wisconsin? For Insurance Risk Analyst jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Analyst jobs in Wisconsin look for? The top searched job categories for Insurance Risk Analyst jobs in Wisconsin are:
What are popular job titles related to Insurance Risk Analyst jobs in WI? For Insurance Risk Analyst jobs in WI, the most frequently searched job titles are:
Infographic showing various Insurance Risk Analyst job openings in Wisconsin as of May 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $84,016 per year, or $40.4 per hour.
Insurance Risk Manager

Insurance Risk Manager

Phoenix Investors

Milwaukee, WI • On-site

Full-time

Posted 12 days ago

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Job description

The Insurance Risk Manager will support the overall business by providing high-level risk management expertise and technical knowledge across a broad range of coverage. They will also manage a fast-paced, complex insurance program and act as the direct interface with Phoenix’s internal stakeholders and insurance brokerage team to help deliver best-in-class insurance solutions to the various business units at Phoenix.


The Insurance Risk Manager will exercise independent decision-making skills by analyzing operations and contractual obligations in the context of insurance solutions to mitigate risk and coordinate risk management due diligence for new locations, projects, and business ventures. They will also take on projects to enhance safety and risk control initiatives across multiple divisions and help maintain Phoenix’s strong reputation in the insurance marketplace by growing relationships with carriers, brokers, and Phoenix colleagues.


The following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.


Duties

  • Build and maintain key business relationships by phone, email, virtual meetings, and in person
  • Support leadership and operations teams with day-to-day insurance and risk management obligations
  • Work directly with the insurance brokerage team to execute business priorities and risk management-related deliverables
  • Coordinate internal/external risk management processes and ensure they are handled in a timely, accurate, and professional manner
  • Lead the renewal process in collaboration with Phoenix leadership and insurance brokers to maintain strong carrier relationships and coordinate key renewal information for carrier review, where applicable
  • Drive and deliver results and improvements across the business’ annual insurance renewals, internal compliance, loss control, and risk management agendas
  • Collaborate effectively between risk, finance, operations, and other business support functions (e.g., legal) to achieve objectives and help the organization deliver on top priorities in a timely and efficient manner
  • Assist the internal team, adjusters, and broker resources with questions related to the administration of the insurance program, billing, claims issues, and problem-solving.
  • Other duties and responsibilities as requested by leadership

Required Qualifications & Skills

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor’s degree or equivalent education and related training
  • 5+ years of relevant risk management and insurance industry experience
  • Strong relationship-building skills with the ability to develop and maintain positive business relationships with brokers, carriers, and key Phoenix personnel
  • Excellent communication skills, a cooperative nature, and tactfulness to resolve problems where needed
  • Skilled in basic computer applications, such as the Microsoft Office Suite
  • Ability to travel domestically and internationally
  • Captive management experience (831 B and 831 A)
  • Proficient in multiline and multi-state claim investigation and documentation
  • Skilled in resolving large property loss claims; able to negotiate advances
  • Familiarity with executive lines (Cyber, D&O, Crime, etc.)
  • Ability to present complex insurance renewal strategies
  • Proficient in creating databases and complex spreadsheets
  • Experience deploying public adjusters; ability to negotiate terms and conditions of recovery is mandatory.

Preferred Qualifications

  • Advanced degree in a relevant field
  • Insurance certification (CPCU, ARM, AIC, etc.)
  • Experience working with complex property insurance programs across the U.S., London, and Bermuda marketplaces, including shared and layered property program structures
  • Experience with investigating complex or fatal liability accidents
  • Proficiency with risk management information systems (RMIS), such as Origami
  • 10+ years of experience leading cross-functional teams
  • Experience deploying nationwide loss control programs on a remote basis
  • Understanding of TrustLayer and how to deploy the resource
  • Training and development experience
  • Familiarity with the retail broker marketplace
  • Background in insurance modeling and personal lines
  • Experience in securing coverage for coastal properties in Florida and California
  • Audit experience, including SambaSafety driving privilege reporting
  • Ability to manage multi-state insurance broker teams


All salary estimates are provided by ZipRecruiter, not Phoenix. Phoenix is committed to offering a competitive salary based on experience.