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Insurance Risk Analyst Jobs in Wisconsin (NOW HIRING)

Associatedbank

Model Risk Manager

Green Bay, WI

Analyze model risk trends, identify emerging risks, and provide independent challenge and risk ... Personal banking, loan, investmentand insurance benefits. Associated Bank serves more than 120 ...

Associatedbank

Model Risk Manager

Milwaukee, WI

Analyze model risk trends, identify emerging risks, and provide independent challenge and risk ... Personal banking, loan, investmentand insurance benefits. Associated Bank serves more than 120 ...

Associated Bank

Model Risk Manager

Milwaukee, WI · On-site

Analyze model risk trends, identify emerging risks, and provide independent challenge and risk ... Personal banking, loan, investment and insurance benefits. Associated Bank serves more than 120 ...

CSAA

Job Title Commercial Insurance Analyst, Claims Insights - Remote Requisition Number R7770 ... risk outcomes. You will be responsible for performing complex analyses to inform datadriven ...

CSAA

Job Title Commercial Insurance Analyst, Claims Insights - Remote Requisition Number R7770 ... risk outcomes. You will be responsible for performing complex analyses to inform datadriven ...

CSAA

Job Title Commercial Insurance Analyst, Claims Insights - Remote Requisition Number R7770 ... risk outcomes. You will be responsible for performing complex analyses to inform datadriven ...

CSAA

Job Title Commercial Insurance Analyst, Claims Insights - Remote Requisition Number R7770 ... risk outcomes. You will be responsible for performing complex analyses to inform datadriven ...

Gilbane Building Company

Sr Risk Manager

Milwaukee, WI · On-site +1

The Manager manages strategy for insurance program traction and at least one RM Lead or Specialist ... Provides claim support and loss history analysis as needed * Supports and collaborates with all GIG ...

U.S. Bank

Credit Analyst (Multiple Levels)

Brookfield, WI · On-site

$75K - $89K/yr

... and minimize risk and potential loss to the company. May use technological tools, including ... Basic term and optional term life insurance * Short-term and long-term disability * Pregnancy ...

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All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Wisconsin

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.

More about Insurance Risk Analyst jobs
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:
Insurance Risk Analyst jobs near you
Senior Reserving Analyst - Hybrid

Senior Reserving Analyst - Hybrid

D.W. Simpson

Madison, WI • On-site

$130K/yr

Full-time

Re-posted 24 days ago

Job description

Job Description
Grown as much as you can in your current role? Take this opportunity to expand your skillset and gain new responsibilities. Global reinsurance company is seeking a Senior Reserving Analyst who will play an important role in the quarterly reserving process, calculate reserves, and prepare reports & management information for internal stakeholders. The ideal candidate will be a student actuary with 2-6 years of actuarial experience, at least 3 CAS exams completed, a commercial insurance background, and strong programming skills in Python & SQL. (#58283)
Location:
  • New York, NY / Hybrid

Meet Your Recruiter
Arturo Aguilera
Director, Social Media & Marketing
Arturo joined DW Simpson in 2017 and is currently the Social Media Specialist. He is in charge of running and maintaining DW Simpson's social media presence, increasing brand awareness and improving marketing efforts.
Arturo attended Columbia College Chicago where he graduated with a BFA in Advertising Art Direction. He enjoys attending concerts, dive bars, and art museums.
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  • arturo.aguilera@dwsimpson.com
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About DW Simpson

Sourced by ZipRecruiter

We have offices all over the United States and place professionals globally. Our expertise includes property & casualty, life, health, pension, and increasingly non-traditional areas such as risk management, catastrophe modeling, predictive modeling, financial modeling, and data analytics. Mission Our mission is to be the premier executive recruiting firm specializing in the placement of actuaries and analytics professionals; to be recognized for the best service, integrity and forthrightness that the firm brings to each business relationship; and to be willing at all times to sacrifice short-term gain for the long-term good and prosperity of our clients, our candidates and, as a result, our organization as well. Diversity, Equity, and Inclusion Statement We are dedicated to hiring and retaining diverse talent and ensuring that we treat everyone with respect and support. We embrace diversity and strive to create conditions that provide everyone with an equal opportunity to thrive. Our employment practices will not be influenced or affected by an applicant’s or employee’s race, color, religion, gender, sexual orientation, gender identity, disability, pregnancy, national origin, marital status, genetic information, age, veteran status, or any other characteristic protected under applicable federal, state, or local laws.

Industry

Recruiting and staffing services

Company size

51 - 200 Employees

Headquarters location

Chicago, IL, US

Year founded

1989

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