How much does an Insurance Risk Director make in the United States? The average Insurance Risk Director salary in the United States is $175,228 as of February 26, 2024, but the range typically falls between $154,431 and $203,636. Salary ranges 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. 

Insurance Risk Director Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Risk Director Salary $135,496 US February 26, 2024
25th Percentile Insurance Risk Director Salary $154,431 US February 26, 2024
50th Percentile Insurance Risk Director Salary $175,228 US February 26, 2024
75th Percentile Insurance Risk Director Salary $203,636 US February 26, 2024
90th Percentile Insurance Risk Director Salary $229,501 US February 26, 2024
25% $154,431 10% $135,496 90% $229,501 75% $203,636 $175,228 50%(Median) Didn’t find job title? Click
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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 2024 Salary.com)... View full job description

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Career Path for Insurance Risk Director

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Insurance Risk Director, the upper level is Vice President of Risk Management and then progresses to Chief Risk Officer.

Those that have already made the climb...
Geert R. Kersten, Chief Executive and Financial Officer and Treasurer, Director
CEL-SCI Corporation, a clinical-stage biotechnology company, engages in the research and development of immune system therapy for the treatment of cancer and other diseases in the United States. The company's lead immunotherapy is Multikine, which has completed Phase 3 clinical trials for the potential treatment of cer... More
Fiscal Year Ended in 2022
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Insurance Risk Director salary varies from city to city. Compared with national average salary of Insurance Risk Director, the highest Insurance Risk Director salary is in San Francisco, CA, where the Insurance Risk Director salary is 25.0% above. The lowest Insurance Risk Director salary is in Miami, FL, where the Insurance Risk Director salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for an Insurance Risk Director, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
154431
203636
175228

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
169696
240249
198770
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Risk Director in the United States. The base salary for Insurance Risk Director ranges from $154,431 to $203,636 with the average base salary of $175,228. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $169,696 to $240,249 with the average total cash compensation of $198,770.
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154431
203636

 

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Skills associated with Insurance Risk Director: Safety Policies and Procedures, Risk Management, Governance, Risk & Compliance Software, Risk Assessment ...More

Salary estimation for Insurance Risk Director at companies like : Roane County Senior Citizens Center, Regional Planning & Environment Center, Ottawa Centre

Insurance Risk Director Salary in United States
Insurance Risk Director Salary Graph, Regional Distribution and Summary