As of July 01, 2026, the average salary for an Insurance Risk Analyst V in the United States is $141,859 per year, which breaks down to an hourly rate of $68.
However, an Insurance Risk Analyst V's salary can vary significantly. Here’s a look at the typical salary range:
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An Insurance Risk Analyst V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of an Insurance Risk Analyst V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Insurance Risk Analyst III | 4-7 years | $96,735 |
| Insurance Risk Analyst IV | 7+ years | $122,602 |
| Insurance Risk Analyst V | 7-10 years | $141,859 |
| Insurance Risk Supervisor | 10+ years | $107,225 |
| Insurance Risk Manager | 10+ years | $130,653 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Risk Analyst Vs. For example, consider the average annual salaries in these key locations:
Insurance Risk Analyst V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $158,668. While startup companies pay approximate $134,186.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $134,186 |
| Growth Stage | 51~500 | $141,922 |
| Established | 501~5000 | $153,224 |
| Enterprise | 5000+ | $158,668 |
For Insurance Risk Analyst V roles, the industry you choose can affect earning potential by as much as 42% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Aerospace & Defense sectors offer the strongest compensation, at 22% above the average. In contrast, Insurance Risk Analyst positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Insurance Risk Analyst V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $173,068 | $83.0 | 22% |
| Aerospace & Defense | $167,394 | $80.0 | 18% |
| Pharmaceuticals | $163,138 | $78.0 | 15% |
| Internet | $158,882 | $76.0 | 12% |
| Construction | $156,045 | $75.0 | 10% |
Understanding how an Insurance Risk Analyst V'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.
Last Updated on July 01, 2026Promotions are the fastest way to increase your earnings. As an Insurance Risk Analyst V, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| E-commerce Risk Director | $156,700 | 10% |
| Insurance Risk Supervisor | $107,225 | -24% |
| Risk Management Supervisor | $110,256 | -22% |
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An Insurance Risk Analyst V'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 Risk Analyst V earns the most in San Jose, CA, where the annual salary of an Insurance Risk Analyst V is $178,927.
The highest pay for Insurance Risk Analyst V is $171,843.
The lowest pay for Insurance Risk Analyst V is $135,759.
Analyzes the insurance needs of an organization to provide optimum coverage, costs, and claim settlements. Collects, classifies, and analyzes data from multiple sources such as audits, claims, renewals, and financial reporting. Creates risk forecasting models and reporting using business intelligence tools. Evaluates insurance proposals and makes recommendations. Negotiates insurance premiums and coverage terms directly with insurance companies and/or through brokers. Collaborates with cross-functional teams to ensure reporting and processing of all policy audits, payments, claims, and renewals. Supports loss prevention and safety initiatives. Reviews insurance policies for accuracy and works with brokers and underwriters to resolve discrepancies. Requires a bachelor's degree. Typically reports to a manager. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience.
The Energy & Utilities industry offers the highest average compensation for Insurance Risk Analyst V roles, with salaries approximately 22% above the market median.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
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