How much does an Insurance Risk Manager make in the United States? The average Insurance Risk Manager salary in the United States is $126,565 as of May 27, 2022, but the range typically falls between $108,427 and $148,510. 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 Manager manages an organization's overall insurance programs. Analyzes insurance needs by identifying risk exposures and analyzing and classifying risks to provide optimum coverage, costs and claim settlements. Being an Insurance Risk Manager conducts regular policy reviews, research and compile loss trends, review actuarial estimations. Administers systems to collect data and generate meaningful models and reporting to support decisions. Additionally, Insurance Risk Manager coordinates policy renewals and applications. May administer self- insured plans. Requires a bachelor's degree. Typically reports to a director. The Insurance Risk Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Insurance Risk Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2022 Salary.com)... View full job description
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Fiscal Year Ended in 2020
What does an Insurance Risk Manager do?
Insurance Risk Manager in Saint Paul, MN
Professional liability insurance is a must for companies that provide services in the area of healthcare, law, insurance, consulting, accounting and finance.
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Insurance Risk Manager in Great Falls, MT
By its very nature, an owner-managed business is defined by the owner-manager.
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In that way, the life insurance policy can act as business interruption insurance to allow the remaining owners time to deploy a succession strategy.
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Risk Manager in the United States. The base salary for Insurance Risk Manager ranges from $108,427 to $148,510 with the average base salary of $126,565. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $116,425 to $171,669 with the average total cash compensation of $142,329.