How much does an Insurance Placement Manager make in the United States? The average Insurance Placement Manager salary in the United States is $257,000 as of February 26, 2024, but the range typically falls between $212,300 and $315,100. 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.

Insurance Placement Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Placement Manager Salary $171,603 US February 26, 2024
25th Percentile Insurance Placement Manager Salary $212,300 US February 26, 2024
50th Percentile Insurance Placement Manager Salary $257,000 US February 26, 2024
75th Percentile Insurance Placement Manager Salary $315,100 US February 26, 2024
90th Percentile Insurance Placement Manager Salary $367,997 US February 26, 2024
25% $212,300 10% $171,603 90% $367,997 75% $315,100 $257,000 50%(Median) Didn’t find job title? Click
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Job Description

The Insurance Placement Manager leads team to obtain and negotiate quotes from different carriers, meet profitability targets, drive customer satisfaction and retention. Directs the marketing of customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Being an Insurance Placement Manager may lead the most complex accounts and deals. Ensures efficient operational processes. In addition, Insurance Placement Manager has deep knowledge of complex insurance products and multiple lines such as commercial property & casualty, employee benefits, and others. Requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management).Typically reports to senior management. The Insurance Placement Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Working as an Insurance Placement Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)

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Career Path for this job

  1. Down a level:

    Insurance Placement Specialist III

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance Placement Manager


    Bachelor's Degree

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Average Base Salary

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212300
315100
257000

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
246200
394200
305600
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Placement Manager in the United States. The base salary for Insurance Placement Manager ranges from $212,300 to $315,100 with the average base salary of $257,000. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $246,200 to $394,200 with the average total cash compensation of $305,600.
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212300
315100

 

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