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How much does an Insurance Risk Analyst II make?

As of December 01, 2024, the average annual pay of Insurance Risk Analyst II in Troy, MI is $84,448. While Salary.com is seeing that Insurance Risk Analyst II salary in Troy, MI can go up to $108,000 or down to $63,739, but most earn between $73,608 and $96,776. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Risk Analyst II in the United States.

Insurance Risk Analyst II Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $96,390 $8,033 $1,854 $46
Average $84,111 $7,009 $1,618 $40
25th Percentile $73,315 $6,110 $1,410 $35

Average Salary

25% $73,608 10% $63,739 90% $108,000 75% $96,776 $84,448 50%(Median) Didn’t find job title? Click
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Salary.com provides you with accurate and diversified Insurance Risk Analyst II salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Insurance Risk Analyst II hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Insurance Risk Analyst II $80,461
Intermediate Level Insurance Risk Analyst II $80,783
Senior Level Insurance Risk Analyst II $84,917
Specialist Level Insurance Risk Analyst II $90,041
Expert Level Insurance Risk Analyst II $90,407
$80,461 0 yr
$80,783 < 2 yrs
$84,917 2-4 yrs
$90,041 5-8 yrs
$90,407 > 8 yrs
Last Updated on December 01, 2024
Entry Level 4%
Mid Level 4%
Senior Level 1%
Top Level 7%
Experienced 7%
View as graph
Last Updated on December 01, 2024

Job Openings of Insurance Risk Analyst II

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

Cost of Living In Troy, MI

Cost of Living in Troy , MI is
-3.1% Lower
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Insurance Risk Analyst II

What skills does an Insurance Risk Analyst II need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

2.

Service Delivery: Creating and implementing innovative strategic plans and solutions to address customer concerns and needs and meet service delivery expectations.

3.

Loss Prevention: Loss prevention refers to measures taken to prevent the loss of life, health, and property. In the workplace, this involves preventing accidents, reducing risks, and controlling known hazards.

Risk Management 27.41%
Service Delivery 1.98%
Loss Prevention 1.28%
Others 69.33%
View as Table
What skills can make your compensation higher?
Mastering certain skills can make the compensation of an Insurance Risk Analyst II higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Program Management, you can get a 24% salary raise. If you are good at Project Management, your salary will increase by 21%. If you are expert in Verbal Communication, your salary will rise by 17%.
Skill Salary Demand
Program Management
$104,715
24%
Project Management
$102,182
21%
Verbal Communication
$98,804
17%
Products and Services
$98,804
17%
PowerPoint
$97,959
16%
Presentation
$97,959
16%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for an Insurance Risk Analyst II is $84,448 per year in Troy, MI, updated at December 01, 2024.
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