As of April 01, 2025, the average annual salary for an Insurance Risk Analyst III in Richmond, KY is $88,821. According to Salary.com, salaries can range from a low of $79,637 to a high of $106,791, with most professionals earning between $84,014 and $98,227.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $98,227 | $8,186 | $1,889 | $47 |
| Average | $88,821 | $7,402 | $1,708 | $43 |
| 25th Percentile | $84,014 | $7,001 | $1,616 | $40 |
An entry-level Insurance Risk Analyst III with under 1 year experience makes about $86,668. With less than 2 years of experience, a mid-level Insurance Risk Analyst III makes around $87,027. After 2-4 years, the Insurance Risk Analyst III pay rises to about $87,745. Those senior Insurance Risk Analyst III with 5-8 years of experience earn roughly $90,506, and those Insurance Risk Analyst III having 8 years or more experience are expected to earn about $93,734 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Risk Analyst III | $86,668 |
| Intermediate Level Insurance Risk Analyst III | $87,027 |
| Senior Level Insurance Risk Analyst III | $87,745 |
| Specialist Level Insurance Risk Analyst III | $90,506 |
| Expert Level Insurance Risk Analyst III | $93,734 |
| Entry Level | 10% |
| Mid Level | 10% |
| Senior Level | 9% |
| Top Level | 7% |
| Experienced | 3% |
Not the salary data you are looking for? Choose the city salary you want to see.
Salary.com job board provides millions of Insurance Risk Analyst III information for you to search for. Click on search button below to see Insurance Risk Analyst III job openings or enter a new job title here.
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.
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.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
PowerPoint: A computer software created by Microsoft which allows the user to create slides with recordings, narrations, transitions and other features in order to present information.
| Skill | Salary | Demand |
|---|---|---|
|
Decision Making
|
$102,144 |
15%
|
|
Commitment
|
$102,144 |
15%
|
|
Financial Services
|
$97,703 |
10%
|
|
Planning
|
$95,926 |
8%
|
|
Reinsurance
|
$95,038 |
7%
|
|
Collaboration
|
$94,150 |
6%
|
