How much does an Insurance Risk Director make in the United States? The average Insurance Risk Director salary in the United States is $145,508 as of February 26, 2020, but the range typically falls between $119,870 and $180,538. 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. 

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25% $119,870 10% $96,528 90% $212,432 75% $180,538 $145,508 50%(Median)
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Job Description

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)

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Career Path for Insurance Risk Director

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Geert R. Kersten , Chief Executive Officer and Treasurer, Director
CEL-SCI Corporation engages in the research and development of immunotherapy for the treatment of cancer and other diseases. The company's lead investigational immunotherapy is Multikine, which is under phase III clinical trial for the treatment of primary head and neck cancer. Its Ligand Epitope Antigen Presentation S... More
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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Average Base Salary

Core compensation

 
 
 
119870
180538
145508

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
128329
210714
165435
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 $119,870 to $180,538 with the average base salary of $145,508. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $128,329 to $210,714 with the average total cash compensation of $165,435.
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119870
180538

 

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

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