How much does an Insurance Risk Director make hourly in the United States? The average hourly wage for an Insurance Risk Director in the United States is $70 as of April 27, 2020, but the range typically falls between $58 and $87. Hourly rate 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. 

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25% $58 10% $47 90% $103 75% $87 $70 50%(Median)
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Job Description for Insurance Risk Director

Insurance Risk Director directs the development and optimization of an organization's overall insurance program to manage and minimize risk and costs. Defines strategic objectives and policies to ensure effective insurance coverage for the organization and to develop risk financing budgeting. Being an Insurance Risk Director implements processes that identify risk exposure and classify, measure, and manage insurable risks. Develops the appropriate mix of insurance coverage for the organization and negotiate policy pricing and terms with vendors. Additionally, Insurance Risk Director requires a bachelor's degree. Typically reports to senior management. The Insurance Risk Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Insurance Risk Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2020 Salary.com)... View full job description

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Career Path for Insurance Risk Director

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Geert R. Kersten, Chief Executive Officer and Treasurer, Director
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Fiscal Year Ended in 2018
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.3%
City, State Washington, DC Compared to national average
+ 10.7%
City, State Miami, FL Compared to national average
-2.7%
City, State Chicago, IL Compared to national average
+ 6.0%
City, State Boston, MA Compared to national average
+ 12.9%
City, State New York, NY Compared to national average
+ 21.0%
City, State Dallas, TX Compared to national average
-1.0%

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Understand the total hourly compensation opportunity for an Insurance Risk Director, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
58
87
70

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
62
102
80
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Insurance Risk Director in the United States. The average hourly rate for Insurance Risk Director ranges from $58 to $87 with the average hourly pay of $70. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $62 to $102 with the average total hourly cash compensation of $80.
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58
87

 

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Skills associated with Insurance Risk Director: Risk Assessment, Risk Management, Risk Analysis, Safety Policies and Procedures ...More

Salary estimation for Insurance Risk Director at companies like : AXIM BIOTECHNOLOGIES INC, CEL SCI CORP, MANNATECH INC