VP of Insurance Risk Salary in the United States

VP of Insurance Risk Salary

How much does a VP of Insurance Risk make in the United States? The average VP of Insurance Risk salary in the United States is $228,786 as of April 24, 2024, but the range typically falls between $197,336 and $269,720. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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VP of Insurance Risk Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile VP of Insurance Risk Salary $168,702 US April 24, 2024
25th Percentile VP of Insurance Risk Salary $197,336 US April 24, 2024
50th Percentile VP of Insurance Risk Salary $228,786 US April 24, 2024
75th Percentile VP of Insurance Risk Salary $269,720 US April 24, 2024
90th Percentile VP of Insurance Risk Salary $306,989 US April 24, 2024
25% $197,336 10% $168,702 90% $306,989 75% $269,720 $228,786 50%(Median) Didn’t find job title? Click
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Check out VP of Insurance Risk Job Openings in Columbus, Ohio

Insurance Risk and Claims Manager (3980-27)

Hamilton County (OH) - Cincinnati, OH

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Insurance Sales / Risk Advisor

M Meddings & Associates - Mount Vernon, OH

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Job Description for VP of Insurance Risk

VP of Insurance Risk provides leadership, innovation, and oversight over an organization's overall insurance program. Responsible for planning and directing the design, development, and implementation of an insurance program that manages risk and minimizes costs. Being a VP of Insurance Risk develops strategic objectives and policies to ensure effective insurance coverage for the organization. Defines and prioritizes team needs and leads the overall insurance strategy. Additionally, VP of Insurance Risk approves policy renewals and applications. Requires a bachelor's degree. Typically reports to top management. The VP of Insurance Risk manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a VP of Insurance Risk typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of VP of Insurance Risk information for you to search for. Click on search button below to see VP of Insurance Risk job openings or enter a new job title here.

Job Openings for VP of Insurance Risk
  • Diligente Technologies - Chicago, IL
    Looking for: Insurance Risk Analyst. Job Type: Full time. Location: Chicago, Illinois - Hybrid model. What You ll do. We are seeking a highly motivated ind...
    - 1 Day Ago
  • Confidential - Jackson, MS
    About the Role. The VP of Risk and Control Officer is a detail-oriented risk professional with a risk management background, who stays abreast of developme...
    - 3 Days Ago
  • Javits Center - New York, NY
    The Javits Center (NYCCOC) has been considered the busiest convention center in the United States, hosting the world's leading conventions, trade shows and...
    - Just Posted
  • J.R. Simplot - Boise, ID
    The J.R. Simplot Company is a diverse, privately held organization, with roots firmly planted in agriculture and agriculture-related businesses. The J.R. S...
    - 4 Days Ago
  • Phaxis - , FL
    Well Established investment banking client is seeking a strong operational risk candidate to join its team. Responsibilities. Reviewing operational risk ma...
    - 2 Days Ago

Career Path for VP of Insurance Risk

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For VP of Insurance Risk, the first career path typically progresses to Chief Risk Officer.

VP of Insurance Risk
Chief Risk Officer
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VP of Insurance Risk Pay Difference by Location

VP of Insurance Risk salary varies from city to city. Compared with national average salary of VP of Insurance Risk, the highest VP of Insurance Risk salary is in San Francisco, CA, where the VP of Insurance Risk salary is 25.0% above. The lowest VP of Insurance Risk salary is in Miami, FL, where the VP of Insurance Risk salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

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Understand the total compensation opportunity for a VP of Insurance Risk, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
197336
269720
228786

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
220955
360252
281783
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of VP of Insurance Risk in the United States. The base salary for VP of Insurance Risk ranges from $197,336 to $269,720 with the average base salary of $228,786. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $220,955 to $360,252 with the average total cash compensation of $281,783.
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197336
269720

 

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Skills associated with VP of Insurance Risk: Insurance Operations, Data Analytics, Risk Control, Insurance Software ...More

VP of Insurance Risk Salary in United States
VP of Insurance Risk Salary Graph, Regional Distribution and Summary