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

Cresa

Vice President, Deputy General Counsel

Chicago, IL · On-site

$205K - $240K/yr

... with insurance carriers, attending mediation, and developing case strategies and resolutions ... Proven ability to balance legal risk with business objectives * Strong judgment and decision-making ...

Cresa

Vice President, Deputy General Counsel

Chicago, IL · On-site

$205K - $240K/yr

... with insurance carriers, attending mediation, and developing case strategies and resolutions ... Proven ability to balance legal risk with business objectives * Strong judgment and decision-making ...

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All JobsPolitical Risk Insurance JobsPolitical Risk Insurance Jobs in Chicago, IL

Political Risk Insurance information

See Chicago, IL salary details

$14

$31

$76

How much do political risk insurance jobs pay per hour?

As of Jun 16, 2026, the average hourly pay for political risk insurance in Chicago, IL is $31.25, according to ZipRecruiter salary data. Most workers in this role earn between $20.05 and $39.86 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Political Risk Insurance Specialist, and why are they important?

To thrive as a Political Risk Insurance Specialist, you need expertise in international relations, risk assessment, and insurance underwriting, often supported by a degree in finance, business, or international studies. Familiarity with risk analysis software, geopolitical databases, and industry certifications like ARM (Associate in Risk Management) is typically required. Strong analytical thinking, communication, and negotiation skills help professionals build client trust and navigate complex global scenarios. These skills ensure accurate risk evaluation and effective policy development to protect clients from losses due to political instability.

What is the difference between Political Risk Insurance vs Underwriter?

AspectPolitical Risk InsuranceUnderwriter
CredentialsInsurance licenses, risk management certificationsActuarial certifications, finance or risk management degrees
Work EnvironmentInsurance companies, risk assessment firmsInsurance firms, banks, financial institutions
Industry UsageUsed to protect investments from political eventsEvaluates and prices risks for insurance policies

Political Risk Insurance focuses on providing coverage against political events affecting investments, while Underwriters assess and price the risks associated with insuring those investments. Both roles require risk management expertise and are integral to the insurance industry, but they serve different functions within the process of risk mitigation and policy issuance.

What are typical challenges faced by professionals working in political risk insurance, and how can they prepare for them?

Professionals in political risk insurance often encounter challenges such as rapidly changing geopolitical climates, limited access to reliable information in certain regions, and the need to accurately assess highly complex, intangible risks. Staying updated with global events and building strong networks with regional experts are essential for success in this field. Additionally, collaborating closely with underwriters, analysts, and clients helps to ensure comprehensive risk assessments and tailored insurance solutions. Proactive learning and adaptability are key to thriving in this dynamic environment.

What is political risk insurance?

Political risk insurance is a specialized form of coverage designed to protect businesses and investors against losses arising from political events in foreign countries. These events can include government expropriation, political violence, currency inconvertibility, and breach of contract by a government entity. Companies that operate or invest internationally, especially in emerging markets, use this insurance to mitigate financial risks that stem from unpredictable political environments. It helps enable cross-border investments by providing a safety net against non-commercial risks that are often outside the control of the insured party.
What are popular job titles related to Political Risk Insurance jobs in Chicago, IL? For Political Risk Insurance jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Political Risk Insurance jobs in Chicago, IL look for? The top searched job categories for Political Risk Insurance jobs in Chicago, IL are:
Political Risk Insurance jobs near you
Infographic showing various Political Risk Insurance job openings in Chicago, IL as of June 2026, with employment types broken down into 69% Full Time, 18% Part Time, 3% Temporary, 5% Contract, and 5% Nights. Highlights an 73% Physical, 7% Hybrid, and 20% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.
Placement Specialist

Placement Specialist

Marsh & McLennan Companies, Inc.

Chicago, IL • On-site

$92K - $197K/yr

Full-time

Medical, Retirement

Posted 25 days ago

Job description

Company:
Marsh
Description:
We are seeking a talented individual to join our team at Marsh as a Placement Specialist. This is a hybrid role that requires working at least three days a week in the office. The successful candidate will lead daily operations from a support and administrative level, coordinating complex logistics and task assignments for client relationship projects while ensuring effective communication and problem resolution.
We will count on you to:
  • Develop and implement placement strategies to meet client needs and achieve growth goals, providing exceptional client service.
  • Facilitate submission of coverage specifications, obtain quotes from carriers, and bind coverage with accuracy and compliance.
  • Build and maintain strong relationships with practice teams, insurance markets, clients, carriers, and underwriters to deliver cohesive client service.
  • Advise clients and internal teams on changing insurance and risk management market conditions, supporting client retention and new business production.
  • Drive senior placement and technical support activities, ensuring procedural compliance, accurate data management, and contract execution.

What you need to have:
  • Significant risk expertise and deep knowledge of the insurance industry and carriers.
  • Experience in placement strategy development and execution.
  • Strong communication skills to advise management and clients on market trends and client issues.
  • Ability to manage complex logistics and coordinate across multiple stakeholders.
  • Proven track record in client service and relationship management.

What makes you stand out:
  • Experience participating in pricing of services and go-to-market strategy development.
  • Familiarity with assist, advise, and assume transaction models.
  • Ability to work collaboratively with senior leadership and client teams to develop innovative solutions.
  • Strong problem-solving skills and proactive approach to client issue resolution.

Why join our team:
  • We help you be your best through professional development opportunities, interesting work and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.
The applicable base salary range for this role is $92,500 to $197,100.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

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