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Preferred Risk Insurance Jobs (NOW HIRING)

Preferred Risk Insurance Services provides a competitive benefits package to all full- time employees. Following are some of the perks Preferred Risk Insurance Services employees receive:

Job Summary In this role, you will work closely with the Director, Global Risk and Insurance to ... Preferred Knowledge, Skills And Abilities * Proficient in MS Office including PowerPoint, Word ...

New

Preferred Qualifications * Bachelor's degree in Risk Management, Finance, Business Administration, Real Estate, or a related field. * 3-5 years of experience in insurance, risk management, or ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

Preferred: Risk Management, Insurance, Finance, Construction Management, or related field. * Required: CRIS designation (or equivalent risk/insurance credential). Preferred: ARM, CPCU, or similar ...

Director of Risk Management

Chicago, IL · On-site

$150K - $175K/yr

Preferred: Risk Management, Insurance, Finance, Construction Management, or related field. * Required: CRIS designation (or equivalent risk/insurance credential). Preferred: ARM, CPCU, or similar ...

Preferred Qualifications * Bachelor's degree in Risk Management, Finance, Business Administration, Real Estate, or a related field. * 3-5 years of experience in insurance, risk management, or ...

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Preferred Risk Insurance information

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$14

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$74

How much do preferred risk insurance jobs pay per hour?

As of Sep 14, 2026, the average hourly pay for preferred risk insurance in the United States is $30.34, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $38.70 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.

More about Preferred Risk Insurance jobs

What cities are hiring for Preferred Risk Insurance jobs?

Cities with the most Preferred Risk Insurance job openings:

What states have the most Preferred Risk Insurance jobs?

States with the most job openings for Preferred Risk Insurance jobs include:

Infographic showing various Preferred Risk Insurance job openings in the United States as of September 2026, with employment types broken down into 94% Full Time, and 6% Part Time. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $63,100 per year, or $30.3 per hour.

Senior Regulatory Compliance Analyst

Chicago, IL • On-site

$70K - $95K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Re-posted 22 days ago


Job description

We are seeking an experienced Regulatory Compliance Professional to join our Compliance Team!!
The Senior Regulatory Compliance Analyst is a compliance professional with a vast experience in personal & commercial auto and general liability insurance who supports and strengthens the Property & Casualty compliance program with a primary focus on non-standard personal auto and commercial auto insurance. This role plays a key role in monitoring and interpreting federal and state insurance regulations, assessing regulatory impact on both our insurance products and day-to-day business operations. Will also be leading internal compliance Focused Department reviews, providing assistance on regulatory filings and market conduct examinations, and partnering with business areas to review compliance risks and requirements. The ideal candidate works comfortably across functions, navigates complex regulatory issues with confidence, and helps deliver practical risk-aware solutions while managing multiple priorities in a fast-paced, regulated environment both independently and in team settings.
Duties & Responsibilities
  • Monitor changes in state and federal P&C insurance regulations, including personal auto, commercial auto & general liability requirements, DOI bulletins, and other regulatory guidance & translate regulatory requirements into clear guidance for business and operational teams.
  • Track proposed bills and enforcement trends impacting underwriting, rating, policy forms, claims handling, billing, cancellations, non-renewals, cybersecurity, advertising and producer practices.
  • Assist with the development, implementation, and maintenance of compliance policies, procedures, and controls related to personal & commercial auto insurance and general liability insurance.
  • Act as a trusted compliance advisor across the organization to promote awareness of regulatory requirements, audit findings, and compliance expectations across the organization through the development, implementation, and maintenance of compliance policies, procedures, and controls related to personal & commercial auto insurance and general liability insurance.
  • Develop and update Legal/Compliance guidelines to ensure business unit alignment with internal policies, regulatory requirements, and industry best practices.
  • Performs regulatory compliance risk-based Focused Department Reviews across insurance operations, and prepare reports clearly documenting findings, recommendations, corrective action plans, and remediation activities.
  • Assist with maintaining compliance calendars, and documentation supporting regulatory approvals.
  • Participate in organization-wide projects related to product or process changes in conjunction with overall regulatory compliance as needed.
  • Supports other business units in the development and delivery of compliance training related to personal auto, commercial auto & general liability regulatory requirements.
  • Attend webinars and conferences as needed to expand compliance knowledge and build industry contacts as needed.
  • Serve as a mentor and resource to other Regulatory Compliance Analysts and Compliance Quality Analysts, as applicable.
  • Perform additional duties as assigned by the General Counsel or Director of Compliance.

Knowledge, Skills, and Abilities
  • 6+ years of experience in insurance regulatory compliance, preferably in Personal & Commercial Auto and General Liability or similar property and casualty work experience.
  • Substantial working knowledge of personal auto and commercial auto insurance regulations.
  • Exceptional time management, written and verbal communication skills with a high level of professionalism, and extraordinary attention to detail with the ability to shift focus & manage multiple priorities independently.
  • Experienced in conducting insurance industry auditing of personal and commercial auto insurance with a focus on internal policies, statutory regulations, risk identification & mitigation and industry best practices.
  • Demonstrated analytical, investigative, and problem-solving skills with proven capability to translate complex regulatory requirements into practical guidance.to assess and interpret complex regulatory requirements.
  • Excellent written and verbal communication skills.
  • Experienced in cross-functional collaboration to understand other business units' needs, long term goals, objectives and challenges in order to formulate recommended solutions and guidance.
  • Experience using artificial intelligence (AI)-enabled tools to support research, data analysis, document review, and workflow efficiency while maintaining accuracy, confidentiality, and regulatory compliance.
  • Ability to work both independently and in a team environment.
  • Exceptional organizational skills with a high level of attention to detail.

Preferred
  • Bachelor's degree in Business, Finance, Risk Management, Legal Studies, or a related field.
  • Experience with supporting policy form, rate, or rule filings for auto insurance.
  • Experience with market conduct exams involving underwriting or claims practices.
  • Familiarity with NAIC Model Laws, NIST guidelines, unfair trade practices, and consumer protection requirements.
  • Professional certifications such as ACP, CCP, or CCEP.
  • Experience using compliance management systems or regulatory tracking tools (i.e. Thompson Reuters Westlaw or Wolters Kluwer OneSumX).
  • Knowledge of the following:
    • Microsoft Office Suite, including OneNote and LIST.
    • Viewing records in Guidewire, PTS, and ImageRight.
  • Thomson Reuters' Westlaw and APCIA Compliance research resources.

Preferred Risk Insurance Services provides a competitive benefits package to all full- time employees. Following are some of the perks Preferred Risk Insurance Services employees receive:
  • Competitive Salaries
  • Commitment to your Training & Development
  • Medical and Dental
  • Short Term Disability/Long Term Disability
  • Life Insurance
  • Flexible Spending Account
  • Telemedicine Benefit
  • 401k with a generous company match
  • Paid Time Off and Paid Holidays
  • Tuition Reimbursement Training Programs
  • Wellness Program
  • Fun company sponsored events
  • And so much more!

Estimated Compensation Range: $70,000/year-$95,000/year*
*Published ranges are estimates