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

AXA XL Risk Consulting is a division of AXA XL Insurance and supports: Underwriters, in the assessment of the risks AXA XL is insuring, and Clients, in the identification, evaluation, anticipation ...

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 ...

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Insurance Risk Consultant information

See Chicago, IL salary details

$25

$54

$89

How much do insurance risk consultant jobs pay per hour?

As of May 28, 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 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.

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.

What does an Insurance Risk Consultant do?

An Insurance Risk Consultant helps businesses and individuals identify, assess, and manage potential risks that could impact their financial wellbeing or operations. They analyze clients' current insurance policies, evaluate exposures to various risks, and recommend strategies to reduce or transfer those risks through insurance products or risk mitigation techniques. Their goal is to ensure clients have the appropriate coverage and risk management strategies in place. Insurance Risk Consultants often work with companies across various industries, providing expert advice on compliance, claims management, and loss prevention.

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 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:

Risk Consultant (Minnesota)

AXA Group

Chicago, IL • On-site, Remote

Full-time

This job post has expired today. Applications are no longer accepted.


Job description

AXA XL is an Equal Opportunity Employer.
Fully Remote
In a world ever more complex and unpredictable, large, and corporate companies need an effective partner to improve their risk profile. AXA XL Risk Consulting is a division of AXA XL Insurance and supports:
Underwriters, in the assessment of the risks AXA XL is insuring, and Clients, in the identification, evaluation, anticipation, and prevention of their risks. Leveraging quality of our engineering expertise and our long-standing experience across multiple
industry sectors, we have an ambition to develop innovative and new risk engineering approaches, dedicated risk modelling tools across multiple risk domains, and proprietary platforms and IT solutions for our clients. We serve all type of mid-market and corporate businesses, whether they are insured or not insured by AXA XL.
AXA XL Risk Consulting, relying on its international network of more than 300 risk consultants, located in more than 25 countries, speaking more than 20 languages, today serves globally more than 2,000 clients from various industry sectors.
This position will provide risk consulting services for large property loss control and natural hazards evaluation in the Southeast region. The position requires application of robust engineering background and practical experience to identify and mitigate property fire and Nat Cat risk exposures for a broad range of project types and customers.
What you'll be doing
Key responsibilities of this role are:

  • Review commercial property protection, including fire protection and water supply analysis
  • Conduct onsite visits to assess property and Nat Cat exposures and develop detailed reports to relay conditions and provide recommendations for improvement
  • Analyze building construction, fire protection features, process operations and special hazards
  • Work hand in hand with the network of specialized engineers of AXA XL Risk Consulting to serve clients
  • Build credibility with and create customer satisfaction by demonstrating the value of risk engineering services
  • This position will service the Southeast Region and support insured and non-insured clients. Travel is anticipated to be 20-25%
You will report to the Regional Engineering Leader.
What you'll bring
We're looking for someone who has these abilities and skills:
  • Experience with Large Property sites
  • Robust working knowledge of NFPA Codes, FM Data Sheets, and local requirements.
  • Robust working knowledge of fire protection or willingness to learn.
  • Engineering or Science based undergraduate degree; Chemical Engineering preferred
  • Ability to apply industry experience to a broad range of customers and projects, consult effectively on a broad range of property risk controls, and identify exposures/assess controls on complex risks is required.
  • Outstanding verbal and written communication skills are essential. Communicates effectively with broad range of underwriting and customer partners. The successful candidate will listen effectively and make sound assessments/conclusions based on review of written procedures, documents, discussions, and observations.
  • Makes technical information and recommendations understandable to a broad range of audiences. Communicates in a manner that influences others to accept and act on recommendations.
  • The successful candidate will be a self-starter, continually looking towards individual development. Must be capable of managing their schedule and resources, continually assessing workload considering business priorities, and directing their own efforts accordingly while working in a remote work environment.
  • Work collaboratively as part of a team, proactively across lines of business, and effectively with internal and external partners on special projects and furthering industry and business goals.
  • Valid driver's license required
Who we are
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business - property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
What we offer
Inclusion
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential. It's about helping one another - and our business - to move forward and succeed.
  • Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
  • Robust support for Flexible Working Arrangements
  • Enhanced family-friendly leave benefits
  • Named to the Diversity Best Practices Index
  • Signatory to the UK Women in Finance Charter
Learn more at Inclusion & Diversity at AXA XL | AXA XL. AXA XL is an Equal Opportunity Employer.
Total Rewards
AXA XL's Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We're committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
  • Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We're committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
  • Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
  • Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
  • AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.

For more information, please see Sustainability at AXA XL.
The U.S. base salary range for this position is USD 104,000 - 182,000.
Actual pay will be determined based upon the individual's skills, experience and location. We strive for market alignment and internal equity with our colleagues' pay.