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Insurance Risk Analyst Jobs in Wisconsin (NOW HIRING)

The Risk Manager will support the corporate risk and insurance program by implementing risk management strategies, managing insurance programs, and analyzing potential exposures across the ...

RISK MANAGER

La Crosse, WI · On-site

$83K - $111K/yr

... analysis, and mitigation initiatives Oversee insurance, claims, and vendor relationships • Manage insurance procurement and renewals • Oversee open claims, negotiations, cost allocation, and ...

Risk Program Specialist

Janesville, WI · On-site

$80K - $129K/yr

Participate in quality committees and process improvement efforts, such as root cause analysis ... Life & Disability Insurance * FSA/HSA Options * Generous, accruing paid time off * Paid Parental ...

Risk Program Specialist

Janesville, WI · On-site

$80K - $129K/yr

Participate in quality committees and process improvement efforts, such as root cause analysis ... Life & Disability Insurance * FSA/HSA Options * Generous, accruing paid time off * Paid Parental ...

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Showing results 1-20

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 Jul 9, 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.

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 Wisconsin? For Insurance Risk Analyst jobs in Wisconsin, the most frequently searched job titles 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:

Senior Insurance and Risk Analyst

Alliantenergy

Madison, WI • On-site

Full-time

Medical, Retirement, PTO

Posted 12 days ago


Job description

Bring YOUR energy to Alliant Energy!

At Alliant Energy, our purpose is to serve customers and build stronger communities. We are passionate about powering beyond the market challenges of today, while powering what's next in energy. When our employees say "I am energy", it means they take pride in the work we do when disaster strikes, as well as all the days in between. We want you to be safe, happy and healthy. That's why we prioritize safety, offer volunteer opportunities and provide competitive pay, comprehensive health and retirement benefits, tuition reimbursement and paid time off.

Alliant Energy is looking for a strong insurance subject matter expert ready to step in, improve processes, and lead meaningful project work-from loss analysis and workers' compensation management to advising how insurance respond to complex capital projects across our regulated and nonregulated business.

Job Summary

Senior Insurance and Risk Analyst assists in the development and implementation of insurance and risk strategic plans and objectives. This position protects company assets by supporting the administration of insurance programs, claims management activities, and serving the needs of internal customers.

What you will do

  • Evaluates and analyzes risk financing and risk control alternatives.

  • Monitors loss exposure, conducts risk assessment, and recommends treatment.

  • Analyzes, procures, and administers the property, casualty, and professional liability insured programs for business development subsidiaries.

  • Monitors, reviews, and ensures compliance with the state and federal regulated self-insured programs.

  • Assists in the management and procurement of the property and casualty insurance programs.

  • Develops and maintains the surety bond program.

  • Develops, evaluates, and implements the insurance program for new business development, miscellaneous corporate policies, and state and federal regulated self-insured programs.

  • Maintains and assists with risk management information systems (RMIS), communication, and monitoring mechanisms, including developing databases to capture loss control, risk financing, and claims data.

  • Reviews and approves contracts and performs due diligence to ensure compliance with the corporate risk programs and philosophy.

  • Supports the administration of insurance and risk management programs, including Workers' Compensation, property, casualty, and related coverage lines, and performs daytoday claims support activities such as monitoring claim status, coordinating documentation, and processing and tracking claimrelated invoices and payments in accordance with established procedures.

  • Coordinates loss control initiatives with insurers and consults with internal departments to provide recommendations on risk reduction, fire protection, disaster recovery, and general loss control measures.

  • Engages in other duties as needed that support Alliant Energy's Values and help deliver on our Purpose to serve customers and build stronger communities.

Supervision

  • Performs work under the supervision of a Manager.

Education Requirements

  • Bachelor's Degree Emphasis in Insurance, Risk Management, Economics, Finance or related field Preferred.

Required Experience

  • 5 years of directly-related professional experience.

  • Experience in risk management Preferred.

Other Requirements

  • Advanced insurance or risk management training (ARM and/or CPCU designation) Preferred.

Knowledge, Skills, and Abilities

  • Advanced knowledge of insurance and risk management principles, including risk financing, risk transfer, loss control, and claims management practices across property, casualty, professional liability, Workers' Compensation, and selfinsured programs.

  • Knowledge of regulatory and compliance requirements related to state and federally regulated insurance and selfinsured programs.

  • Strong analytical and problemsolving skills to assess loss exposure, evaluate risk financing and risk control alternatives, and support datadriven risk treatment recommendations.

  • Ability to administer insurance programs and support claims activities, including monitoring claim status, coordinating documentation, and tracking claimrelated financial information in accordance with established procedures.

  • Proficiency in risk management information systems (RMIS), databases, and standard business software to manage, analyze, and report insurance, claims, and loss data.

  • Effective interpersonal, negotiation, verbal, and written communication skills, with the ability to collaborate with insurers, thirdparty administrators, brokers, and internal stakeholders in a collaborative and inclusive work environment.

  • Ability to work effectively in a collaborative and inclusive work environment.

Key Skills

  • Electronic Records Management (ERM) Financial Risk Management Insurance Management Knowledge Management Loss Prevention Control Market Analysis Predictive Analytics Regulatory Compliance Risk Management Risk Framework Design Stakeholder Management


Our people are passionate about what they do, the product they sell, and the customers they serve. If you're looking for an opportunity to be a part of a work family that values collaboration, innovation and dedication, we're the right company for you.

Alliant Energy offers a comprehensive total rewards package including competitive compensation and benefit programs. Information on these benefit programs is available on our Careers site.

Pay Range:

$85,000-$95,000

This position is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

It's not just what we do; it's how we do it.

Live Safety. Everyone. Always | Make Things Better | Care For Others | Do The Right Thing | Act For Tomorrow | Think Beyond. Be Bold

Alliant Energy and its subsidiaries are committed to creating a culture of belonging and is proud to be an Equal Opportunity Employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other basis prohibited by law.


All candidates selected for employment with Alliant Energy will be required to successfully complete a background check, and a drug screen where applicable.


Visa sponsorship not supported.


Disclaimer:
The above information on this description has been crafted to indicate the general nature and level of work performed by employees within this classification. It is not crafted to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.

Applicants in need of a reasonable accommodation for any part of the hiring process, please email talent@alliantenergy.com.