As of May 01, 2026, the average salary for an Insurance Risk Senior Manager in the United States is $181,288 per year, which breaks down to an hourly rate of $87.
However, an Insurance Risk Senior Manager's salary can vary significantly. Here’s a look at the typical salary range:
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An Insurance Risk Senior Manager'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 Senior Manager'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 Supervisor | 10+ years | $107,227 |
| Insurance Risk Manager | 10+ years | $130,649 |
| Insurance Risk Senior Manager | 10+ years | $181,288 |
| Insurance Risk Director | 10+ years | $221,249 |
| VP of Insurance Risk | 10+ years | $271,986 |
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 Senior Managers. For example, consider the average annual salaries in these key locations:
Understanding how an Insurance Risk Senior Manager'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 May 01, 2026Promotions are the fastest way to increase your earnings. As an Insurance Risk Senior Manager, 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 |
|---|---|---|
| Insurance Risk Director | $221,249 | 22% |
| Risk Management Director | $183,694 | 1% |
Salaries for an Insurance Risk Senior Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $173,891 in 2023 to around $166,676 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Insurance Risk Senior Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $173,891 |
| 2024 | $169,368 |
| 2025 | $166,676 |
| 2026 |
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| 2027 |
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An Insurance Risk Senior Manager'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 Senior Manager earns the most in San Jose, CA, where the annual salary of an Insurance Risk Senior Manager is $228,659.
The highest pay for Insurance Risk Senior Manager is $210,086.
The lowest pay for Insurance Risk Senior Manager is $149,389.
Oversees an organization's overall insurance program to manage and minimize risk and costs. Manages strategic objectives and policies to ensure effective insurance coverage for the organization. Conducts regular policy reviews and research. Compiles loss trends and reviews actuarial estimations to make recommendations. Administers systems to collect data and generate meaningful models and reporting to support decisions. Creates processes that identify risk exposure and classify, measure, and manage insurable risks. Develops the appropriate mix of insurance coverage for the organization and negotiates policy pricing and terms with vendors. May review and approve policy renewals and applications. Requires a bachelor's degree. Typically reports to a director. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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