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

General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network. Risk ConsultingatAIG AIG Risk Consulting helps AIG's Underwriting teams ...

... Risk Consulting & Analytics team within the Swiss Re Risk Data Solutions division by searching for a dedicated professional to deliver analytics and consulting services across the insurance value ...

... Risk Consulting & Analytics team within the Swiss Re Risk Data Solutions division by searching for a dedicated professional to deliver analytics and consulting services across the insurance value ...

Overview Our Advisory and Analytics team assists clients with their insurance buying decisions ... The Advisory and Analytics team provides a broad range of risk finance and captive consulting ...

Risk Consultant II

Chicago, IL · On-site

$140K - $165K/yr

What the day will look like The general role of our Casualty Claims Risk Consultant is to ... Maintain knowledge/skills as an insurance professional and possess excellent written and verbal ...

Risk Consultant II

Chicago, IL · On-site

$140K - $165K/yr

What the day will look like The general role of our Casualty Claims Risk Consultant is to ... Maintain knowledge/skills as an insurance professional and possess excellent written and verbal ...

Senior Associate, Risk Consulting (Insurance)

Chicago, IL · On-site

$15.50 - $18.50/hr

... consultant to lead teams of risk consulting professionals in addressing our clients' needs. Key Responsibilities​ As a Senior Associate in the Financial Services Risk Consulting (Insurance ...

The Senior Environmental Consultant for the Environmental Engineering Practice will support the ... Maintain a broad technical expertise in environmental risk evaluations and environmental insurance ...

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Showing results 1-20

Insurance Risk Consultant information

See Chicago, IL salary details

$25

$54

$89

How much do insurance risk consultant jobs pay per hour?

As of Jun 25, 2026, the average hourly pay for insurance risk consultant in Chicago, IL is $54.56, according to ZipRecruiter salary data. Most workers in this role earn between $45.05 and $59.90 per hour, depending on experience, location, and employer.

What is the difference between Insurance Risk Consultant vs Insurance Underwriter?

AspectInsurance Risk ConsultantInsurance Underwriter
CredentialsOften requires industry certifications like CPCU or ARMTypically holds similar certifications, sometimes with additional licensing
Work EnvironmentAdvises clients and analyzes risks for insurance companiesEvaluates applications and determines policy terms
Employer & Industry UsageConsulting firms, insurance companies, brokersInsurance companies, underwriting agencies

While both roles involve assessing risks, Insurance Risk Consultants focus on advising clients and analyzing complex risk scenarios, whereas Insurance Underwriters evaluate applications to determine policy eligibility and pricing. Understanding these differences helps in choosing the right career path or job search focus.

What does an insurance risk consultant do?

An insurance risk consultant evaluates potential risks that could affect an organization and advises on strategies to mitigate those risks. They analyze data, review policies, and may use risk assessment tools to help clients reduce financial losses and ensure compliance with regulations.

What are the key skills and qualifications needed to thrive as an Insurance Risk Consultant, and why are they important?

To thrive as an Insurance Risk Consultant, you need a strong background in risk assessment, analytical thinking, and a relevant degree such as finance, business, or actuarial science. Familiarity with risk modeling software, data analysis tools, and industry certifications like ARM (Associate in Risk Management) is typically required. Excellent communication, problem-solving abilities, and relationship-building skills help set top consultants apart. These skills are vital for accurately evaluating risk, advising clients effectively, and ensuring comprehensive risk mitigation strategies.

How much does a risk consultant earn?

Insurance risk consultants typically earn a median annual salary ranging from $70,000 to $100,000, depending on experience, location, and industry sector. Senior or specialized risk consultants with certifications like CPCU or ARM can earn higher salaries, often exceeding $120,000 annually.

How much do insurance risk advisors make?

Insurance risk consultants typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and certifications. Senior or specialized advisors can earn higher, often exceeding $120,000 annually. Compensation may also include bonuses and benefits based on performance and client portfolio size.

What are some common challenges faced by Insurance Risk Consultants when assessing client risk profiles?

Insurance Risk Consultants often encounter challenges such as gathering accurate and comprehensive data from clients, keeping up with evolving regulatory requirements, and addressing complex or unique risk scenarios. Building trust with clients to obtain sensitive information and navigating diverse industries with varying risk exposures can also be demanding. Successful consultants overcome these obstacles through strong communication skills, continuous professional development, and close collaboration with underwriters, actuaries, and legal teams.

Does risk consulting pay well?

Risk consulting for insurance risk consultants generally offers competitive salaries that vary based on experience, location, and certifications such as CPCU or ARM. Entry-level positions may start lower, but experienced professionals with specialized skills can earn higher compensation, often including bonuses and benefits. Overall, it is considered a well-paying field within the consulting and insurance industries.
What are popular job titles related to Insurance Risk Consultant jobs in Chicago, IL? For Insurance Risk Consultant jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Consultant jobs in Chicago, IL look for? The top searched job categories for Insurance Risk Consultant jobs in Chicago, IL are:
Casualty Risk Consultant

Casualty Risk Consultant

AIG

Chicago, IL • On-site

Full-time

Posted 19 days ago


AIG rating

8.4

Company rating: 8.4 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

101st of 261 rated insurance


Job description

Who We Are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses protect their assets and manage risks.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial insurance customers. It includes one of the world's most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

Risk ConsultingatAIG

AIG Risk Consulting helps AIG's Underwriting teams identify, understand, and mitigate risk to the portfolio and to individual accounts. Our people provide in-depth research and analysis of the issues our insureds face and provide guidance for our Underwriting teams so they can better shape insurance programs. We develop intelligence on historical loss drivers, and we stay on top of the latest emerging risk issues that could become claims activity. We are reimagining how we help the organization manage risk, transforming our operating model and getting better every day about serving our customers and stakeholders.


In addition to Underwriter support, Risk Consultants work directly with clients to identify and mitigate risks to their business such as worker's compensation, auto or fleet liability, and premises and products liability. When you join AIG's Risk Consulting team, you are joining a team that is pivotal to developing and executing on AIG's strategy to be the leading insurance company, standing by our insureds for the next hundred years.

About the role

The Casualty Risk Consulting team of AIG has an opportunity for a Casualty Risk Consultant in our Atlanta, GA office.

  • This loss control position will work closely with AIG Underwriters to evaluate the operations, controls, and safety culture of various accounts with worker's compensation, commercial auto liability, and general liability exposures and provide detailed written reports to help underwriting make informed decisions regarding risk transfer.
  • The position also calls for the ability to work directly with insureds on worker safety programs, premises exposures, and product liability. This includes conducting casualty loss prevention surveys remotely and on-site at industrial and commercial facilities, including:
    • Identify operational hazards and assess the adequacy of the controls
    • Analyze of downstream risks of products to users/customers
    • Identify and assess off-site exposures for various assets within a portfolio
    • Identify exposures/risk within supply chain
    • Conduct plan reviews
    • Evaluate claims data and work with our analytics team to develop insights and potential action plans
    • Document survey results and provide opinion of risk/recommendations to both underwriting and clients
    • Provide documentation for underwriting files meeting state regulatory and AIG auditing guidelines
  • While the position's focus is support for AIG's Primary Casualty lines (WC/AL/GL), there will also be opportunities to partner with Underwriting and Risk Consulting personnel in Environmental, Excess Casualty, and other lines of business.
  • Travel: up to 25%

What we're looking for:

  • Minimum of a Bachelor's degree
  • Minimum of (1) years of experience in at least one of the following areas: insurance loss control; manufacturing or energy industry; or environmental, health & safety (EHS) management.
  • Strong verbal, written and analytic skills.
  • Highly motivated and work well independently. The individual must be able to make decisions with and without established guidelines and to provide technical support to underwriters and clients.
  • Must be able to manage outside contractors/vendors, which AIG uses to conduct some of the on-site and/or specialized worker safety loss control and regulatory tasks.
  • Must be a team-playerable to work with individuals across AIG on diverse projects.
  • Ability to complete assignments on-time.
  • Excellent interpersonal and communications skills.
  • Computer skills with knowledge in Microsoft Office products including Word, Excel, PowerPoint, Teams and Outlook.
  • Ability to prepare and make presentations to internal and external clients both in-person or on camera with web-based applications.
  • Familiarity with state insurance regulatory requirements and/or the state and federal litigation system.

The base salary range for this position is $67,500-$99,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.Your actual compensation will be dependent on your skills, experience, and qualifications. If your compensation expectations are above the posted range, we still encourage you to apply-your unique background matters to us. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview.


#LI-RG1

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

Functional Area:

UW - UnderwritingNational Union Fire Insurance Company of Pittsburgh, Pa.

What AIG employees say

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About AIG

Sourced by ZipRecruiter

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1919