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How much does a Insurance Analyst make?

The average salary for a Insurance Analyst is $79,804 per year in the US.

An Insurance Analyst plays a key role in the insurance industry. They review and analyze insurance policies, claims, and data. This job requires a strong understanding of insurance products and practices. The average yearly salary for an Insurance Analyst is around $79,804. This figure can vary based on experience, location, and the specific company.

Insurance Analysts often start with a salary on the lower end of the scale. With experience, they can move up to higher-paying positions. Here are some common salary ranges:

  • 10th percentile: $33,000
  • 25th percentile: $46,691
  • 50th percentile: $60,382
  • 75th percentile: $87,764
  • 90th percentile: $128,836

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What are the highest paying cities for a Insurance Analyst?

Boston, MA, offers the highest average salary for Insurance Analysts at $108,029. Austin, TX, follows closely with an average salary of $99,016. Chicago, IL, provides a competitive average salary of $93,440 for this role. These cities provide strong opportunities for those seeking top compensation in the insurance industry. Atlanta, GA, and Dallas, TX, also offer attractive salaries, with averages of $90,093 and $80,505, respectively. Cities like Detroit, MI, Houston, TX, Denver, CO, Minneapolis, MN, and Nashville, TN, offer solid salaries, though slightly lower than the top cities.
Graph displaying highest paying cities salaries for Insurance Analyst jobs, highlighting Boston, MA with the highest at $108,029 and Nashville, TN with the lowest at $64,849.
  1. Boston, MA
    Average Salary: $108,029
    In Boston, professionals analyze insurance data to help companies make informed decisions. With major firms like Liberty Mutual and State Street, there are plenty of opportunities to grow. The city's rich history and vibrant culture add to the work experience.
    Find Insurance Analyst jobs in Boston, MA


  2. Austin, TX
    Average Salary: $99,016
    Austin offers a dynamic environment for insurance analysts. Companies like Dell and Whole Foods rely on data analysis to manage risks. The city's tech-friendly atmosphere and lively community make it an exciting place to work.
    Find Insurance Analyst jobs in Austin, TX


  3. Chicago, IL
    Average Salary: $93,440
    Chicago is a hub for insurance analysis. Working with giants like Allstate and Aon, analysts here play a key role in shaping the industry. The city's diverse culture and strong economy provide a robust backdrop for professional growth.
    Find Insurance Analyst jobs in Chicago, IL


  4. Atlanta, GA
    Average Salary: $90,093
    Atlanta is a growing city for insurance analysts. With companies like Aflac and SunTrust, there are many opportunities to make an impact. The city's warm climate and friendly people create a welcoming work environment.
    Find Insurance Analyst jobs in Atlanta, GA


  5. Dallas, TX
    Average Salary: $80,505
    In Dallas, insurance analysts work with top firms like AT&T and American Airlines. The city offers a mix of tradition and innovation, providing a unique setting for data analysis. Dallas's vibrant culture and strong job market make it a great place to work.
    Find Insurance Analyst jobs in Dallas, TX


  6. Detroit, MI
    Average Salary: $80,318
    Detroit is home to many insurance companies, offering solid opportunities for analysts. Working with firms like General Motors and Blue Cross Blue Shield, professionals here contribute to the city's economic revival. Detroit's rich history and community spirit add to the work experience.
    Find Insurance Analyst jobs in Detroit, MI


  7. Houston, TX
    Average Salary: $79,730
    Houston is a key city for insurance analysis. With companies like BP and Halliburton, analysts here play a crucial role in risk management. The city's diverse culture and strong economy provide a dynamic work environment.
    Find Insurance Analyst jobs in Houston, TX


  8. Denver, CO
    Average Salary: $74,712
    Denver offers a vibrant setting for insurance analysts. Working with firms like UnitedHealth Group and Xcel Energy, professionals here enjoy a mix of outdoor activities and city life. The city's strong economy and friendly community make it an attractive place to work.
    Find Insurance Analyst jobs in Denver, CO


  9. Minneapolis, MN
    Average Salary: $70,104
    Minneapolis is a great city for insurance analysts. With companies like U.S. Bank and Target, there are many opportunities to grow. The city's strong economy and friendly people create a welcoming work environment.
    Find Insurance Analyst jobs in Minneapolis, MN


  10. Nashville, TN
    Average Salary: $64,849
    Nashville offers a unique environment for insurance analysts. Working with firms like LifePoint Health and Bridgestone, professionals here enjoy a mix of music and business. The city's warm climate and friendly community add to the work experience.
    Find Insurance Analyst jobs in Nashville, TN

What are the best companies a Insurance Analyst can work for?

Deloitte offers the highest average salary for Insurance Analysts at $146,925. S&P Global follows closely with an average salary of $98,559. Marsh McLennan Agency provides a competitive average salary of $97,136. These companies are known for their strong financial packages and career growth opportunities. For those seeking a balance of salary and benefits, NFP Corp offers an average salary of $72,000. State of Florida and State of North Carolina provide average salaries of $54,827 and $54,601, respectively. These positions offer stability and benefits, making them attractive to many job seekers.
Graph displaying best paying company salaries for Insurance Analyst jobs, highlighting Deloitte with the highest at $146,925 and State of North Carolina with the lowest at $54,601.
  1. Deloitte
    Average Salary: $146,925
    Deloitte offers Insurance Analyst jobs with a focus on risk management and financial analysis. They operate globally, with major offices in the United States, Europe, and Asia. Deloitte provides a dynamic work environment and opportunities for professional growth.


  2. S&P Global
    Average Salary: $98,559
    S&P Global provides Insurance Analyst roles that involve data analysis and market research. They have offices worldwide, including the United States, Europe, and Asia. S&P Global is known for its strong focus on innovation and employee development.


  3. Marsh McLennan Agency
    Average Salary: $97,136
    Marsh McLennan Agency offers Insurance Analyst positions with a focus on risk management and insurance solutions. They have a global presence, with offices in North America, Europe, and Asia. The company values teamwork and offers a supportive work environment.


  4. NFP Corp
    Average Salary: $72,000
    NFP Corp provides Insurance Analyst jobs that focus on risk management and insurance services. They operate in the United States, with offices in many states. NFP Corp offers a collaborative work culture and opportunities for career advancement.


  5. State of Florida
    Average Salary: $54,827
    The State of Florida offers Insurance Analyst roles that involve policy analysis and regulatory compliance. They operate throughout the state, with offices in major cities. The state provides a stable work environment and benefits for public sector employees.


  6. State of North Carolina
    Average Salary: $54,601
    The State of North Carolina provides Insurance Analyst jobs that focus on policy analysis and regulatory compliance. They operate throughout the state, with offices in major cities. The state offers a stable work environment and benefits for public sector employees.

How to earn more as a Insurance Analyst?

An Insurance Analyst can increase their earnings through various strategies. Gaining more experience and expertise in the field is key. This includes understanding different types of insurance policies and the market. Analysts who specialize in high-demand areas, such as cyber insurance or health insurance, often earn more. Continuing education and obtaining relevant certifications can also boost earnings. Networking with industry professionals and staying updated on industry trends can lead to better job opportunities and higher salaries.

Another way to earn more is by seeking roles in larger companies or those with higher budgets. These organizations often have more resources to pay competitive salaries. Analysts who demonstrate strong analytical skills and the ability to provide valuable insights can command higher pay. Taking on leadership roles or moving into management can also increase earnings. Finally, being open to relocation for higher-paying positions can make a significant difference in salary.

Here are five factors that can help an Insurance Analyst earn more:

  • Specialization: Gaining expertise in high-demand areas.
  • Certifications: Obtaining relevant professional certifications.
  • Experience: Building a strong track record in the industry.
  • Networking: Connecting with industry professionals for better opportunities.
  • Leadership: Taking on roles with more responsibility and authority.

Currently 41 Insurance Analyst job openings, nationwide.

How's the job market for a Insurance Analyst in the US?

Learn what a Insurance Analyst does, how to become one, and understand the job outlook. Get simple steps to start your career as a Insurance Analyst today.
Position
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Insurance Analyst
41 Job Openings