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Preferred Risk Insurance Jobs in Aurora, IL (NOW HIRING)

Swiss Re

Risk Consultant- P&C Insurance

Chicago, IL

$98K - $163K/yr

... highly preferred. * Consulting background or experience delivering consulting engagements to ... of insurance-based risk transfer, working to make the world more resilient. We anticipate and ...

Chubb

Vendor Risk Analyst

Chicago, IL · On-site +1

... preferred. * Experience with risk management frameworks and tools is a plus. OUR BENEFITS As a ... Health insurance * Dental insurance * Tuition reimbursement * A company-match 401(k) plan

SageSure

Catastrophe Risk Analyst

Chicago, IL · On-site

... preferred candidates also have: * Experience working within (re)insurance, ILS, consulting, or ... Catastrophe Risk R&D: At SageSure, the Catastrophe Risk R&D team is redefining how the industry ...

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

... preferred; insurance designations (Chartered Property/Casualty Underwriter (CPCU) and/or Associate in Risk Management (ARM) desirable • Proficient in Microsoft Word, Excel and PowerPoint • ...

William Blair

Risk Analyst

Chicago, IL · On-site

$77K - $95K/yr

... preferably in a risk, audit, or compliance roleStrong written and verbal communication skills ... and life insurance, 401(k), profit sharing, paid time off, Maven family & fertility benefit ...

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Preferred Risk Insurance information

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How much do preferred risk insurance jobs pay per hour?

As of Jun 14, 2026, the average hourly pay for preferred risk insurance in Aurora, IL is $30.08, according to ZipRecruiter salary data. Most workers in this role earn between $19.33 and $38.37 per hour, depending on experience, location, and employer.

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

To thrive as a Preferred Risk Insurance Underwriter, you need a solid understanding of risk assessment, insurance policies, and underwriting principles, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, industry databases, and insurance regulations is crucial, and professional certifications like CPCU or AU are often preferred. Strong analytical thinking, attention to detail, and effective communication are vital soft skills for evaluating applications and collaborating with agents or clients. These skills ensure accurate risk evaluation, profitable decision-making, and regulatory compliance within the insurance industry.

What are some common challenges faced by professionals working in Preferred Risk Insurance, and how can they effectively address them?

Professionals in Preferred Risk Insurance often face the challenge of accurately assessing and underwriting applicants who fall within favorable risk categories, while ensuring compliance with regulatory standards. Balancing competitive pricing with profitability is another key challenge, as is staying updated on evolving risk factors and industry trends. To address these issues, it's important to maintain strong analytical skills, foster clear communication with underwriting and sales teams, and regularly participate in training sessions or industry seminars. Collaboration with actuaries and claims specialists is also essential to ensure consistent risk evaluation and policy management.

What is Preferred Risk Insurance?

Preferred Risk Insurance refers to insurance policies offered to individuals or businesses that are considered low risk by insurance companies. These policyholders typically have a favorable claims history, good credit, and other positive risk factors, which can result in lower premiums and better coverage options. Preferred risk categories exist in various types of insurance, including auto, home, and life insurance, and are used by insurers to reward responsible customers. Being classified as a preferred risk can help you save money and access more comprehensive insurance products.

What is the difference between Preferred Risk Insurance vs Commercial Insurance Agent?

AspectPreferred Risk InsuranceCommercial Insurance Agent
CredentialsLicenses required, often with specific state certificationsSame licenses, may require additional certifications for commercial policies
Work EnvironmentPrimarily office-based, handling personal insurance policiesOffice and client meetings, handling business and commercial policies
Industry UsageUsed by insurance companies to classify low-risk clientsUsed by agents to sell various insurance products, including commercial policies

Preferred Risk Insurance typically refers to clients or policies with lower risk profiles, often handled by agents specializing in personal insurance. Commercial Insurance Agents focus on selling policies for businesses, which usually involve higher risks. While both roles require licensing and industry knowledge, Preferred Risk Insurance emphasizes low-risk personal policies, whereas Commercial Insurance Agents deal with business-related coverage.

What are popular job titles related to Preferred Risk Insurance jobs in Aurora, IL? For Preferred Risk Insurance jobs in Aurora, IL, the most frequently searched job titles are:
What job categories do people searching Preferred Risk Insurance jobs in Aurora, IL look for? The top searched job categories for Preferred Risk Insurance jobs in Aurora, IL are:
What cities near Aurora, IL are hiring for Preferred Risk Insurance jobs? Cities near Aurora, IL with the most Preferred Risk Insurance job openings:
Preferred Risk Insurance jobs near you
Risk Consultant- P&C Insurance

Risk Consultant- P&C Insurance

Swiss Re

Chicago, IL

$98K - $163K/yr

Other

Medical, Life

Posted 15 days ago

Job description

Are you a P&C professional with a real passion for predictive modeling and analytics? Are you a consultant or actuary who leads analytical projects that require you to understand and analyse client's needs, challenges, and deliver effective business solutions? Do you have experience in product development, pricing, underwriting, go-to market efforts, in-force management, claims? If so, here is where your journey begins!

We are currently expanding our 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 chain to our clients. Do not hesitate to apply to join our highly skilled team!

About the role
 

As a main contributor, you will be responsible for executing and supporting delivery on our client consulting offerings. This is a key role within the Americas consulting team with ownership of client delivery and evolving and growing the overall consulting value proposition. Our clients include some of the largest global insurance carriers as well as regional insurers, MGAs, and public sector organizations in the Americas. Being client-centric and commercially minded, you will help drive our collective success.

Your key responsibilities will involve:

  • Contributing to delivery of P&C analytics and risk consulting engagements, creating and leading technical analyses, and interpreting results and communicating them to clients
  • Working collaboratively within multi-disciplined project teams to drive effective delivery
  • Acting as a primary contributor for Property and Casualty analytical projects, using a combination of internal and external data sources to help clients navigate changes
  • Developing, maintaining, and improving pricing models across P&C lines
  • Collaborating closely with stakeholders across Swiss Re to develop new capabilities and data assets

About Risk Consulting & Analytics (RCA)

'Solutions' is a central pillar of the reinsurance strategy, critical both to development of our core activities as well as developing new revenue streams for Swiss Re. The Risk Consulting & Analytics team within the Risk Data Solutions division is globally responsible for delivering consulting services to our clients. We unlock the power of data by providing insights and advice to our clients along the entire insurance value chain and partner to realize their strategic ambitions of growth, profitability, and efficiency. Our typical client work centres on profitable growth, product development, pricing, underwriting, risk scoring and selection and claims. Combining Swiss Re's unparalleled industry expertise, wealth of data and groundbreaking data analytics capabilities, we offer trusted, impactful, and commercially valued insights at the forefront of innovation and grounded on Swiss Re's core values. Providing such services to our clients leads to new, more, or better business profit generation for Swiss Re that would not happen through core or transaction business. These earnings will be manifested primarily through a fee income model.

About you:

You have strong technical underwriting/pricing analytics and problem-solving skills, business mindset, can-do attitude, and ability to assimilate complex information. You also have a desire to work in a dynamic, high-impact client-facing role.
 

Essentials:

  • 2-3+ years primary Property & Casualty underwriting, predictive modeling, actuarial, or analytics experience
  • Expertise in statistical tools, programming languages, and visualization tools (e.g. Python, R, SQL, MS PowerBI)
  • Comfort with data analysis and manipulation in at least one programming language in the P&C insurance space
  • Excellent knowledge of the primary insurance market for Property and Casualty lines of business, having worked for an insurer, broker, consulting firm or analytics company
  • Ability to interpret complex analysis and turn it into actionable insights through impactful analysis
  • Experience with interacting & communicating with senior management and diverse client stakeholders
  • Flexibility to travel occasionally 

Nice to have:

  • Experience building predictive models in a variety of forms (GLMs, tree-based models, etc.) Experience within the context of pricing models highly preferred. 
  • Consulting background or experience delivering consulting engagements to clients is a strong plus

Our company uses a hybrid work model requiring at least three days in the office each week, with the option to work onsite full-time if preferred.  This position is not eligible for full-time telework, relocation assistance or visa sponsorship.

For Chicago, the estimated base salary range for this position is $94,000 to $156,000.  For New York City, the estimated base salary range for this position is $98,000 to $163,000. The specific salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.  

At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.
During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.
 

We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

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