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Preferred Risk Insurance Jobs in West Babylon, NY

AIG

Senior Underwriter, Political Risk

New York, NY

$107K - $127K/yr

Experience (5+ years preferred) in the Political Risk Insurance market, including product features, forms, exigent risks. * Bachelor's degree from a four-year college or university, focused on ...

Spgi

Manager, Insurance Risk Management

New York, NY · Hybrid

$85K - $153K/yr

Manager, Insurance Risk Management The Team: The Risk Management team operates as a strategic ... Additional Preferred Qualifications: * ARM (Associate in Risk Management) or CPCU (Chartered ...

Catholic Health

Risk Manager

West Islip, NY · On-site

$110K - $160K/yr

Prepare detailed documentation for liability insurance carriers concerning active claims and high ... Preferred: Bachelor's Degree in Nursing (BSN) * Preferred: Master's Degree Licensure ...

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Preferred Risk Insurance information

See West Babylon, NY salary details

$15

$31

$77

How much do preferred risk insurance jobs pay per hour?

As of Aug 24, 2026, the average hourly pay for preferred risk insurance in West Babylon, NY is $31.72, according to ZipRecruiter salary data. Most workers in this role earn between $20.38 and $40.48 per hour, depending on experience, location, and employer.

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 are the key skills and qualifications needed to thrive as a preferred risk insurance underwriter?

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 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 cities near West Babylon, NY are hiring for Preferred Risk Insurance jobs?

Cities near West Babylon, NY with the most Preferred Risk Insurance job openings:

Preferred Risk Insurance jobs near you
Infographic showing various Preferred Risk Insurance job openings in West Babylon, NY as of June 2026, with employment types broken down into 2% As Needed, 40% Full Time, 50% Part Time, 1% Temporary, 6% Contract, and 1% Nights. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $65,983 per year, or $31.7 per hour.

Insurance Risk Expert - Fully Remote | Upto $60/hr

Mercor

New York, NY • Remote

$60/hr

Full-time

Posted 10 days ago

Job description

About the job

Mercor connects elite creative and technical talent with leading AI research labs. Headquartered in San Francisco, our investors include Benchmark, General Catalyst, Peter Thiel, Adam D'Angelo, Larry Summers, and Jack Dorsey.

Position: Insurance Experts
Type: Contract
Compensation: $50–$60/hour
Location: Remote

Role Responsibilities

  • Construct enterprise insurance scenarios spanning complex commercial underwriting, multi-stakeholder claims adjudication, and regulatory filing or compliance review cycles at Fortune 500 carriers.
  • Build insurance tasks across F500 underwriting and risk assessment, claims management, actuarial pricing and reserving, reinsurance strategy, and regulatory/compliance affairs.
  • Develop insurance operations scenarios involving tools such as Guidewire, Duck Creek, actuarial modeling platforms (SAS, R), and enterprise claims/policy administration systems in F500 stacks.
  • Apply enterprise insurance methodologies (actuarial risk modeling, loss reserving, ERM frameworks, NAIC compliance standards) and produce reference underwriting guidelines, claims strategies, and executive-level risk narratives.
  • Author rubrics that distinguish authentic enterprise insurance judgment from generic textbook or licensing-exam recall.

Qualifications

Must-Have

  • 5+ years working in underwriting, claims, actuarial, or risk management at a Fortune 500 insurance carrier or reinsurer (State Farm, Allstate, Chubb, AIG, Berkshire Hathaway) or inside an F500 enterprise risk/insurance organization.
  • Direct ownership of F500-scale underwriting portfolios, claims operations, or actuarial pricing models.
  • Fluency in enterprise insurance tooling and methodologies, plus understanding of how F500 regulatory compliance, reinsurance treaties, and reserving practices actually work.

Preferred

  • Prior rubric, actuarial/underwriting training curriculum, or claims documentation authorship is a plus.

Application Process (Takes 20–30 mins to complete)

  • Upload resume
  • AI interview based on your resume
  • Submit form

Resources & Support

  • For details about the interview process and platform information, please check: https://talent.docs.mercor.com/welcome
  • For any help or support, reach out to: support@mercor.com

PS: Our team reviews applications daily. Please complete your AI interview and application steps to be considered for this opportunity.