As of March 01, 2026, the average salary for a VP of Insurance Risk in the United States is $271,879 per year, which breaks down to an hourly rate of $131.
However, a VP of Insurance Risk's salary can vary significantly. Here’s a look at the typical salary range:
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VP of Insurance Risk Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $291,265 | $24,272 | $5,601 | $140 |
| Average | $271,879 | $22,657 | $5,228 | $131 |
| 25th Percentile | $248,728 | $20,727 | $4,783 | $120 |
Healing Motion Physical Therapy, Inc - PHILOMATH, OR
Ellinwood District Hospital - ELLINWOOD, KS
West County Health Centers, Inc. - SEBASTOPOL, CA
Spaulding, McCullough & Tansil LLP - SANTA ROSA, CA
A VP of Insurance Risk'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 a VP of Insurance Risk'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 | $107,228 |
| Insurance Risk Manager | 10+ years | $130,645 |
| Insurance Risk Senior Manager | 10+ years | $181,247 |
| Insurance Risk Director | 10+ years | $221,188 |
| VP of Insurance Risk | 10+ years | $271,879 |
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 VP of Insurance Risks. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a VP of Insurance Risk'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $291,265 | $24,272 | $5,601 | $140 |
| Average | $271,879 | $22,657 | $5,228 | $131 |
| 25th Percentile | $248,728 | $20,727 | $4,783 | $120 |
For a VP of Insurance Risk, the most direct path to higher earnings is advancing to the Chief Risk Officer role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $275,317 - a projected growth of 1% over your current level.
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Compensation PlanningHere are companies hiring for VP of Insurance Risk and their salaries, click below for more details.
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Ready to take the next step in your career? Browse thousands of current VP of Insurance Risk job openings on our job board. Use the search bar below to find your perfect match.
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A VP of Insurance Risk'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, a VP of Insurance Risk earns the most in San Jose, CA, where the annual salary of a VP of Insurance Risk is $342,921.
The highest pay for VP of Insurance Risk is $308,915.
The lowest pay for VP of Insurance Risk is $227,650.
Provides leadership, innovation, and oversight over an organization's overall insurance program. Responsible for planning and directing the design, development, and implementation of an insurance program that manages risk and minimizes costs. Develops strategic objectives and policies to ensure effective insurance coverage for the organization. Defines and prioritizes team needs and leads the overall insurance strategy. Approves policy renewals and applications. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.
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.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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