upper level job

Insurance Product Development Analyst III Salary in the United States

How much does an Insurance Product Development Analyst III make in the United States?

As of July 01, 2026, the average salary for an Insurance Product Development Analyst III in the United States is $109,897 per year, which breaks down to an hourly rate of $53.

However, an Insurance Product Development Analyst III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $145,078
  • Majority Range (25th-75th percentile): $95,610 to $128,312
  • Entry-Level (10th percentile): $82,602
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
Recruit with AI
AI Onboarding
Salary Salary + Bonus Benefits
Paid Annually Paid Monthly Paid Semimonthly Paid Biweekly Paid Weekly Paid Hourly
View as table View as graph 25% $95,610 10% $82,602 90% $145,078 75% $128,312 $109,897 50%(Median) Didn’t find job title? Click

Insurance Product Development Analyst III Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $128,312 $10,693 $2,468 $62
Average $109,897 $9,158 $2,113 $53
25th Percentile $95,610 $7,967 $1,839 $46
Check out Insurance Product Development Analyst III Job Openings in the United States
Insurance Product Analyst Product Specialist

Great American Insurance Group - Cincinnati, OH

Product Development Analyst

Concordance Healthcare Solutions - Tiffin, OH

Board Certified Behavior Analyst

Grateful Care ABA - CLARKSVILLE, TN

Travel L&D RN

Focus Staff - RAPID CITY, SD

Search More Insurance Product Development Analyst III Jobs in the United States
Select State
Select City
Choose Similar Job
Choose Category
Cost of Living
Hourly Wages
See it in Action

Key Factors That Influence Insurance Product Development Analyst III Salaries

An Insurance Product Development Analyst III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how geographic location, and company size can directly affect your earning potential.

Top Paying Cities for Insurance Product Development Analyst IIIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $138,614
  • San Francisco: $137,096
  • Oakland: $134,207

Insurance Product Development Analyst III Salary by Company Size: Startups vs. Enterprise

Insurance Product Development Analyst III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $118,775. While startup companies pay approximate $100,660.

Insurance Product Development Analyst III Salary by Company Size

Company Size Employees Average Salary
Startup1~50$100,660
Growth Stage51~500$106,419
Established501~5000$114,755
Enterprise5000+$118,775

Insurance Product Development Analyst III Salary by Industry: Top Paying Sectors

For Insurance Product Development Analyst III roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Financial Services sectors offer the strongest compensation, at 45% above the average. In contrast, Insurance Product Development Analyst positions in Edu., Gov't. & Nonprofit or Insurance typically offer lower base pay, as these industries often view Insurance Product Development Analyst III as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Product Development Analyst III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Healthcare$159,351$77.045%
Financial Services$137,372$66.025%

Insurance Product Development Analyst III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Product Development Analyst III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Hourly
  • Monthly
  • Weekly
  • Yearly
  • Table View
Last Updated on July 01, 2026
$95,610
Average $109,897/year
$128,312
$7,967
Average $9,158/month
$10,693
$1,839
Average $2,113/week
$2,468
$46
Average $53/hour
$62
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $128,312 $10,693 $2,468 $62
Average $109,897 $9,158 $2,113 $53
25th Percentile $95,610 $7,967 $1,839 $46

Insurance Product Development Analyst III Salary Growth & Career Path

Insurance Product Development Analyst III
Insurance Product Development Manager
SVP of Insurance Product Development

For an Insurance Product Development Analyst III, the most direct path to higher earnings is advancing to the Insurance Product Development Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $143,206 - a projected growth of 30% over your current level.

Salaries of jobs related to Insurance Product Development Analyst III

Most common benefits for Insurance Product Development Analyst III

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
For Employers

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning

Common company salaries for Insurance Product Development Analyst III

Here are companies hiring for Insurance Product Development Analyst III and their salaries, click below for more details.

Find Your Next Insurance Product Development Analyst III Job

Ready to take the next step in your career? Browse thousands of current Insurance Product Development Analyst III job openings on our job board. Use the search bar below to find your perfect match.

United States
For Employees

Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.

Search Job Openings

Search thousands of open positions to find your next opportunity.

For Employers

Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.

Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.

FAQ about Insurance Product Development Analyst III

1. Where can an Insurance Product Development Analyst III earn the most?

An Insurance Product Development Analyst III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Insurance Product Development Analyst III earns the most in San Jose, CA, where the annual salary of an Insurance Product Development Analyst III is $138,614.

2. What is the highest pay for Insurance Product Development Analyst III?

The highest pay for Insurance Product Development Analyst III is $145,078.

3. What is the lowest pay for Insurance Product Development Analyst III?

The lowest pay for Insurance Product Development Analyst III is $82,602.

4. What are the responsibilities of Insurance Product Development Analyst III?

Responsible for designing, developing, and enhancing insurance products. Monitors industry trends, competitor filings, and consumer needs to identify opportunities for innovation. Analyzes market trends and customer feedback to determine the strategic direction for product offerings. Collaborates with teams across the organization to launch products, create supporting documentation, and ensure successful delivery. Stays current on applicable laws and regulations to ensure compliance. Requires a bachelor's degree. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience.

5. What industry pays the highest salary for Insurance Product Development Analyst III?

The Healthcare industry offers the highest average compensation for Insurance Product Development Analyst III roles, with salaries approximately 45% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
lower level job