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Insurance Risk Analyst Jobs in New York, NY (NOW HIRING)

Manager, Insurance Risk Management The Team: The Risk Management team operates as a strategic ... Strong analytical skills with ability to evaluate complex risk scenarios and coverage structures

Market Risk Analyst

Manhattan, NY · On-site

$85K - $145K/yr

Risk Oversight and Analytics * Help provide risk oversight for the equity derivatives trading ... insurance, and paid-time off. * Leaders who support your development through coaching and managing ...

Market Risk Analyst

New York, NY · On-site

$85K - $145K/yr

Risk Oversight and Analytics * Help provide risk oversight for the equity derivatives trading ... insurance, and paid-time off. * Leaders who support your development through coaching and managing ...

Showing results 21-40

Insurance Risk Analyst information

See New York, NY salary details

$53.6K

$91.1K

$170.7K

How much do insurance risk analyst jobs pay per year?

As of Sep 1, 2026, the average yearly pay for insurance risk analyst in New York, NY is $91,064.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,100.00 and $94,600.00 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 job categories do people searching Insurance Risk Analyst jobs in New York, NY look for?

The top searched job categories for Insurance Risk Analyst jobs in New York, NY are:

Infographic showing various Insurance Risk Analyst job openings in New York, NY as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 90% Physical, 2% Hybrid, and 8% Remote job distribution, with an average salary of $91,064 per year, or $43.8 per hour.

AVP, Quantitative Risk Analyst

Aflac Incorporated

Manhattan, NY • Hybrid

$140K - $185K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 21 days ago


Aflac rating

7.2

Company rating: 7.2 out of 10

Based on 37 frontline employees who took The Breakroom Quiz

250th of 315 rated insurance


Job description

Opportunity: AVP Quantitative Risk Analyst

Salary Range: $140,000 to $185,000

Job Posting End Date: September 7, 2026

We've Got You Under Our Wing

We are the duck. We develop and empower our people, cultivate relationships, give back to our community, and celebrate every success along the way. We do it all...The Aflac Way.

Aflac, a Fortune 500 company, is an industry leader in voluntary insurance products that pay cash directly to policyholders and one of America's best-known brands. Aflac has been recognized as Fortune's 50 Best Workplaces for Diversity and as one of World's Most Ethical Companies by Ethisphere.com.

Our business is about being there for people in need. So, ask yourself, are you the duck? If so, there's a home, and a flourishing career for you at Aflac.

Worker Designation - This role is hybrid. This means you will be expected to report to one of our Aflac offices located in New York, NY for at least 60% of the work week. You will work from your home (within the continental US) for the remaining portion of the work week. Details of this schedule will be discussed with your leadership. 

What does it take to be successful at Aflac?

    • Acting with Integrity
    • Communicating Effectively
    • Pursuing Self-Development
    • Serving Customers
    • Supporting Change
    • Supporting Organizational Goals
    • Working with Diverse Populations
  •  

What does it take to be successful in this role?

Knowledge of statistics and its application to the financial services industry.

Familiarity with life insurance company financial statements preferred.

Strong analytical and critical thinking skills.

Strong verbal and written communication skills.

Highly organized with the ability to work on multiple projects with different deadlines.

Team player.

Education & Experience Required

  • Bachelor's degree in Financial Engineering, Mathematical Finance, Mathematics or a related major
  • 5+ years of relevant work experience in financial services risk management (preferably life insurance), either in industry, or as a consultant.
  • Strong model development experience in programming languages such as C#, Python, and VBA required.

Or an equivalent combination of education and experience

 

Education & Experience Preferred

  • Master's degree in Financial Engineering, Mathematical Finance, Mathematics or a related major
  • Certification in CFA, FRM, Actuarial credentials or similar investment risk management credentials preferred
  • Experience modeling public and private fixed income asset classes, public and private equity, derivatives and alternatives is preferred.
  • Life insurance actuarial modeling and implementation experience is preferred.

Principal Duties & Responsibilities

Works with GIRM team members to advance the development of the company's risk analysis system; in particular, leads the technical development and/or maintenance of the investment risk system production environment (in Python/C#), including but not limited to risk simulation tool, regulatory capital ratio methods, extreme tail event stress testing and economic scenario generator (ESG).

Leads efforts to automate the data flow, calculation and production of regular investment risk reports for senior management and business partners.

Provides quantitative support and business insight to senior management for different investment and risk management decisions, through analyses of financial impacts due to exposures in market risk, credit risk etc.

Works closely with front office teams for different types of asset classes portfolio monitoring, including credit, derivatives and alternative assets and performs relevant risk analysis.

Collaborates with GIRM team members to perform second line comprehensive risk analyses across investment risks to ensure compliance with the firm's risk appetites, tolerances, and investment risk limits.

Works closely with the Quantitative Analytic Solutions team to validate and calibrate models to support implementation.

Provides documentation and validation of models and calibration techniques.

Collaborates with GIRM's technologists to ensure models are efficient and robust as deployed into production

Provides support for market and credit risk analysis.

Participates in the production and presentation of oral and written analyses and concepts, including management recommendations, to senior management; assists in the preparation of management and committee reports.

Total Rewards

The salary range for this job is $140,000 to $185,000 This range is specific to the job and salary offers consider a wide range of factors that are considered in making compensation decisions, including, but not limited to: education, experience, licensure, certifications, geographic location, and peer compensation. The range has been created in good faith based on information known to Aflac at the time of the posting.

 

At Aflac, it is not typical for an individual to be hired at or near the top of the range for the role to allow for future and continued salary growth, and compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.

 

In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee), 401(k) plans, annual bonuses, and an opportunity to purchase company stock.  On an annual basis, you'll also be offered 11 paid holidays, up to 20 days PTO to be used for any reason, and, if eligible, state-mandated sick leave (Washington employees accrue 1-hour sick leave for every 40 hours worked) and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to, sick and safe leave, and adoption and parental leave, in all states and localities.


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