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How much does a Insurance Analyst make?

The average salary for a Insurance Analyst is $77,544 per year in the US.

An Insurance Analyst plays a key role in the insurance industry. They analyze data to help companies make smart decisions. The average yearly salary for this job is $77,544. This means most Insurance Analysts earn between $34,000 and $183,600 each year. The salary can vary based on experience, location, and the size of the company.

Insurance Analysts often start with a salary around $34,000. With more experience, they can earn up to $129,200. Those with the most experience and top skills can make over $156,400. This job offers good earning potential for those who work hard and gain expertise. The salary can also increase with promotions and additional responsibilities.

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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 $108,375. Philadelphia, PA, follows closely with an average of $96,617. Austin, TX, provides a competitive salary of $96,475. These cities provide attractive opportunities for professionals in the insurance industry. Cities like Chicago, IL, and Atlanta, GA, also offer strong salaries, making them good choices for job seekers.
Graph displaying highest paying cities salaries for Insurance Analyst jobs, highlighting Boston, MA with the highest at $108,375 and Minneapolis, MN with the lowest at $67,425.
  1. Boston, MA
    Average Salary: $108,375
    In Boston, professionals thrive in a dynamic environment. Companies like Liberty Mutual and State Street offer exciting opportunities. The city's rich history and vibrant culture make it a great place to work.
    Find Insurance Analyst jobs in Boston, MA


  2. Philadelphia, PA
    Average Salary: $96,617
    Philadelphia provides a unique blend of history and modern opportunities. Working for companies like Cigna and Independence Blue Cross can be very rewarding. The city's diverse culture adds to the professional experience.
    Find Insurance Analyst jobs in Philadelphia, PA


  3. Austin, TX
    Average Salary: $96,475
    Austin offers a lively atmosphere with a strong tech presence. Companies like USAA and Blue Cross Blue Shield are prominent here. The city's vibrant music scene and outdoor activities make it an attractive place to live and work.
    Find Insurance Analyst jobs in Austin, TX


  4. Chicago, IL
    Average Salary: $90,850
    Chicago is a hub for insurance with major companies like Allstate and Aon. The city's diverse economy and rich cultural scene provide a dynamic work environment. Professionals here enjoy a mix of tradition and innovation.
    Find Insurance Analyst jobs in Chicago, IL


  5. Atlanta, GA
    Average Salary: $89,324
    Atlanta is known for its fast-paced business environment. Companies like Aflac and SunTrust Bank offer great opportunities. The city's growing tech scene and warm climate make it an appealing place to work.
    Find Insurance Analyst jobs in Atlanta, GA


  6. Detroit, MI
    Average Salary: $79,932
    Detroit is experiencing a resurgence, with companies like Blue Cross Blue Shield of Michigan leading the way. The city's rich automotive history and vibrant arts scene create a unique work environment.
    Find Insurance Analyst jobs in Detroit, MI


  7. Houston, TX
    Average Salary: $76,798
    Houston offers a strong job market with companies like Travelers and Zurich North America. The city's diverse industries and warm weather make it a great place to build a career.
    Find Insurance Analyst jobs in Houston, TX


  8. Dallas, TX
    Average Salary: $73,972
    Dallas is a major center for insurance with companies like American Airlines Group and AT&T. The city's growing economy and vibrant nightlife provide a balanced work-life experience.
    Find Insurance Analyst jobs in Dallas, TX


  9. Denver, CO
    Average Salary: $73,957
    Denver offers a high quality of life with companies like HealthPartners and New York Life. The city's outdoor activities and thriving arts scene make it an attractive place to work.
    Find Insurance Analyst jobs in Denver, CO


  10. Minneapolis, MN
    Average Salary: $67,425
    Minneapolis is known for its strong insurance sector with companies like U.S. Bank and Thrivent. The city's vibrant culture and access to nature provide a great environment for professionals.
    Find Insurance Analyst jobs in Minneapolis, MN

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

Deloitte, CSAA Insurance Group, and Commonwealth of Pennsylvania offer top-tier salaries for Insurance Analysts. Deloitte leads with an average salary of $146,925, followed by CSAA Insurance Group at $104,915. Commonwealth of Pennsylvania provides a competitive $80,017. These companies value skilled analysts and offer attractive compensation packages.
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 $56,224.
  1. Deloitte
    Average Salary: $146,925
    Deloitte is a leading global provider of audit, consulting, financial advisory, and tax services. Insurance Analysts at Deloitte work on complex projects, helping clients improve their insurance operations. Deloitte operates in many locations, including major cities in the United States, Europe, and Asia.


  2. CSAA Insurance Group
    Average Salary: $104,915
    CSAA Insurance Group provides a range of insurance products and services to members of the military, their families, and other groups. Insurance Analysts at CSAA work on risk assessment, policy analysis, and customer service. The company operates primarily in the United States, with offices in several states.


  3. Commonwealth of Pennsylvania
    Average Salary: $80,017
    The Commonwealth of Pennsylvania offers a variety of insurance services for its residents. Insurance Analysts in this state work on programs like Medicaid, Medicare, and other public insurance initiatives. They focus on policy development, data analysis, and program management. The Commonwealth operates across Pennsylvania.


  4. NFP Corp
    Average Salary: $72,000
    NFP Corp is a leading provider of insurance, risk management, and consulting services. Insurance Analysts at NFP work on underwriting, claims analysis, and risk assessment. They help clients manage their insurance needs effectively. NFP operates in many locations across the United States.


  5. State of Ohio
    Average Salary: $60,792
    The State of Ohio offers various insurance services to its residents. Insurance Analysts in this state work on programs like public health insurance, workers' compensation, and other initiatives. They focus on policy analysis, data management, and program support. The State operates across Ohio.


  6. State of North Carolina
    Average Salary: $56,224
    The State of North Carolina provides a range of insurance services to its residents. Insurance Analysts in this state work on programs like Medicaid, Medicare, and other public insurance initiatives. They focus on policy analysis, data management, and program support. The State operates across North Carolina.

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 a key factor. This involves working in different roles and gaining a deeper understanding of insurance policies and practices. Another important factor is obtaining certifications. These can demonstrate a higher level of knowledge and skill. Networking with other professionals in the industry can also lead to higher-paying opportunities. Staying updated with industry trends and technologies can make an analyst more valuable. Finally, seeking out roles in higher-demand areas or companies can result in better compensation packages.

To maximize earnings, an Insurance Analyst should consider the following factors:

  • Experience: More years in the field can lead to higher salaries.
  • Certifications: Professional certifications can enhance credibility and earning potential.
  • Networking: Building connections can open doors to better job opportunities.
  • Continuous Learning: Keeping up with industry changes can make an analyst more competitive.
  • Location and Demand: Working in areas with high demand for insurance analysts can lead to higher pay.

Currently 42 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
42 Job Openings