ZipRecruiter

Log In

1

Insurance Risk Analyst Jobs in Chicago, IL (NOW HIRING)

At-Bay

Senior Actuarial Analyst, Pricing

Chicago, IL · On-site

$120K - $135K/yr

Senior Actuarial Analyst DRIVE PROFITABLE GROWTH FOR THE BUSINESS About At-Bay At-Bay is the world ... cyber risk head on. By combining industry-leading insurance with world-class cybersecurity ...

BMO Financial

Senior Decision Technology Analyst

Chicago, IL · On-site

$74K - $138K/yr

  • Medical

  • Life

  • Retirement

Audit, Risk & Compliance * Develops and maintains risk decision-support strategies using analytical ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

Bank of Montreal

Senior Decision Technology Analyst

Chicago, IL · On-site

$74K - $138K/yr

  • Medical

  • Life

  • Retirement

Audit, Risk & Compliance * Develops and maintains risk decision-support strategies using analytical ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

Invenergy LLC

Associate, Insurance

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

General insurance support: * Assist with the preparation of monthly, quarterly, and annual risk reports for various committees and boards. Assist in preparing loss analyses and identifying ...

Invenergy LLC

Associate, Insurance

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

General insurance support: * Assist with the preparation of monthly, quarterly, and annual risk reports for various committees and boards. Assist in preparing loss analyses and identifying ...

Invenergy

Associate, Insurance

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

General insurance support: * Assist with the preparation of monthly, quarterly, and annual risk reports for various committees and boards. Assist in preparing loss analyses and identifying ...

Invenergy

Associate, Insurance

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

General insurance support: * Assist with the preparation of monthly, quarterly, and annual risk reports for various committees and boards. Assist in preparing loss analyses and identifying ...

Prime Insurance Company

Be Seen First

Insurance Underwriter

Chicago, IL · On-site

$45K - $250K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... risk characteristics, financial review and competitive analysis. · Demonstrate technical and ... NO REMOTE WORK AVAILABLE Company Description Prime Insurance Company is a committed and trusted ...

Elgin Community College

Risk and Insurance Manager

Elgin, IL · On-site

$63K - $84K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

No Job Summary: The Risk and Insurance Manager is responsible for establishing and advancing ... Strong analytic, written and oral communication skills. 8. Strong analytical abilities and ...

DV Trading

Credit Risk Manager

Chicago, IL

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Preference for prior experience in credit risk for analyzing commodities producers/consumers ... Medical, dental, and vision insurance * HSA, FSA, and Dependent Care Options * Employer Paid Group ...

TEKsystems

AI Security Risk Assessor

Chicago, IL · Remote

$75 - $100/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Additional Skills & Qualifications PREFERRED QUALIFICATIONS Insurance or Financial Services ... Party Risk Management Certifications: CISSP CRISC CGRC CISA AIGP Job Type & Location This is a ...

previous page

Showing results 41-60

All JobsInsurance Risk Analyst JobsInsurance Risk Analyst Jobs in Chicago, IL

Insurance Risk Analyst information

See Chicago, IL salary details

$50.5K

$85.7K

$160.7K

How much do insurance risk analyst jobs pay per year?

As of Aug 19, 2026, the average yearly pay for insurance risk analyst in Chicago, IL is $85,746.00, according to ZipRecruiter salary data. Most workers in this role earn between $67,000.00 and $89,100.00 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.
More about Insurance Risk Analyst jobs

What are popular job titles related to Insurance Risk Analyst jobs in Chicago, IL?

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

What job categories do people searching Insurance Risk Analyst jobs in Chicago, IL look for?

The top searched job categories for Insurance Risk Analyst jobs in Chicago, IL are:

Insurance Risk Analyst jobs near you
Infographic showing various Insurance Risk Analyst job openings in Chicago, IL as of August 2026, with employment types broken down into 95% Full Time, and 5% Part Time. Highlights an 70% In-person, 15% Hybrid, and 15% Remote job distribution, with an average salary of $85,746 per year, or $41.2 per hour.

Senior Loss Control/Risk Management Consultant (Commercial P&C)

Amerisure Mutual Insurance Company

Lisle, IL • On-site

Full-time

Medical, Retirement, PTO

Re-posted 5 days ago

Job description

Amerisure creates exceptional value for its partners, policyholders, and employees. As a property and casualty insurance company, Amerisure's promise to our partner agencies and policyholders begins with a comprehensive line of insurance products designed to protect businesses, as well as the health and safety of every employee. With an A.M. Best "A" (Excellent) rating, Amerisure serves mid-sized commercial enterprises focused in construction, manufacturing and healthcare. Ranked as one of the top 100 Property & Casualty companies in the United States, we proudly manage nearly $1 Billion of Direct Written Premium and maintain $1.21 billion in surplus.
We are recruiting for a Senior Risk Management/Loss Control Consultant to join our team. This is a remote position that will ideally sit in the Chicagoland area, or potentially in western IL.
Position Summary:
Conducts insurance risk management surveys on a range of moderate to complex risks, aiming to enhance policyholder risk profiles by identifying and mitigating safety hazards. Actively contributes to the development and support of technical expertise. Drives the promotion, marketing, and advancement of Company initiatives, focusing on profitable growth. Demonstrates One Amerisure behaviors with dedication, fostering strong relationships with assigned Partners for Success® (PFS) Agencies and their clients.
Responsibilities:
  • Execute risk management consultations at policyholders' premises and develop risk management programs recommendations based on observations.
  • Leverages technology to support virtual engagement within a hybrid work environment.
  • Initiates, provides, and shares resources with policyholders and agency customers on risk management topics and trends.
  • Provide quantitative/qualitative analysis with conclusions to drive customer service objectives and activities and develop a plan to improve risk exposures across the book.
  • Manage workload assignments to attain agency customer engagement activities to meet organizational objectives.
  • Leverages technology and innovation to support virtual engagement within a hybrid work environment.
  • Collaborate with underwriting and claims in new business acquisition and account retention.
  • Conduct training sessions for the policyholder and agency customers. As required, participate in conference presentations
  • Promote markets and otherwise advance the company initiatives through relationships with their assigned agency and their clients. Serve as an advisor on risk management matters.
  • Participates in assigned workgroups supporting profitability and service delivery
  • Elevates any trends or issues identified.
  • Engage with vendors to support our service delivery and risk improvement strategies.
  • Mentor and train other risk management consultants and support new employee onboarding activities under leadership direction.

Requirements:
  • Bachelor's degree in risk management or a related field with advanced certification/designation (CSP, ARM, CRM, CIC, CPCU) preferred.
  • 5 or more years of Loss Control experience in multi-line commercial property & casualty.
  • We're targeting candidates with commercial property insurance experience.
  • High acumen with business computer applications including MS Office products and other industry platforms. This includes virtual meeting and conferencing applications.
  • Demonstrated successful ability to build positive relationships and partnerships within department, across the organization and with external customers. Engages as needed with corporate underwriting to support business activities.
  • Well-developed conflict resolution skills - with the ability to engage other departments.
  • Excellent organizational skills, including ability to multi-task and prioritize workload.
  • Excellent problem-solving, critical thinking, analytical, and decision-making skills, including the ability to deal with ambiguity.
  • Ability to work independently but collaboratively.
  • Excellent verbal and written communication skills with the ability to interact with internal and external customers and communicate complex technical subjects both verbally and written format.
  • Ability to work effectively with minimal supervision.
  • Must have a valid driver's license, an acceptable driving record
  • The ability to travel up to 4 overnights a month.

#LI-Remote #LI-CR1
Just as we are committed to creating exceptional value for our Partners For Success® agencies and policyholders, Amerisure also remains committed to being an employer of choice. We reinforce this commitment by adhering to an Employee Value Proposition that, in part, is provided through a competitive total rewards package. This package includes competitive base pay, performance-based incentive pay, comprehensive health and welfare benefits, a 401(k) savings plan with profit sharing, and generous paid time off programs. We also offer flexible work arrangements to promote work-life balance. Recognized as one of the Best and Brightest® Companies to Work For in the Nation and one of Business Insurance magazine's Best Places to Work in Insurance, we provide a workplace that fosters excellence and professional growth. If you are looking for a collaborative and rewarding career, Amerisure is looking for you.
Amerisure Mutual Insurance Company is an Equal Employment Opportunity employer. Amerisure provides equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (to include sexual orientation and gender identity), national origin, age, disability, genetic information, veteran status, or any other protected characteristic under applicable federal, state, or local laws. Amerisure complies with all applicable laws governing nondiscrimination in employment in all locations where the company operates. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. Amerisure prohibits harassment or discrimination of any kind and is committed to maintaining a workplace free from unlawful harassment or discrimination. Amerisure prohibits retaliation against anyone who reports discrimination, participates in an investigation, or opposes unlawful practices. Any improper interference with an employee's ability to perform their job duties may result in disciplinary action, up to and including termination.

Apply