Insurance Analyst Salaries

Position

Salary

How much does a Insurance Analyst make?

The average salary for a Insurance Analyst is $79,839 per year in the US.

Graph depicting the yearly salary distribution for Insurance Analyst positions, showing an average salary of $79,839 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Insurance Analyst positions, showing an average salary of $79,839 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Insurance Analyst positions, showing an average salary of $79,839 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Insurance Analyst positions, showing an average salary of $79,839 with varying distribution percentages across salary ranges.

Insurance analysts work in an important field that helps people and businesses manage risks. They look at data and provide insights that companies use to set premiums and policies. The work can be challenging but also rewarding.

Insurance analysts typically earn a good salary. The average yearly salary for someone in this role is around $79,839. However, salaries can vary based on experience, location, and the size of the company. Here are some figures to give you an idea of the range:

The lowest-paid 10% of analysts earn less than $33,000 per year.
The highest-paid 10% earn more than $183,600 annually.

Most analysts fall somewhere in the middle, earning between $60,382 and $115,145 each year. These numbers show that with experience and skill, there is potential to earn a higher salary.

What are the highest paying cities for a Insurance Analyst?

Boston, MA, stands out as the city with the highest average salary for Insurance Analysts. With an impressive average of $105,920, job seekers can find lucrative opportunities in this vibrant city. Austin, TX, and Chicago, IL, also offer strong salaries for this role, with averages of $99,016 and $94,764, respectively. Other cities like Atlanta, GA, and Dallas, TX, provide competitive pay as well. Atlanta averages around $89,824, while Dallas offers an average salary of $80,505. For those seeking a balance between cost of living and salary, cities such as Detroit, MI, and Denver, CO, offer attractive opportunities in the field.

Graph displaying highest paying cities salaries for Insurance Analyst jobs, highlighting Boston, MA with the highest at $105,920 and Nashville, TN with the lowest at $64,849.

Boston, MA
Average Salary: $105,920
In Boston, insurance professionals enjoy a robust job market. Many work for major companies like Liberty Mutual and State Street Corporation. They analyze data to help make important business decisions.
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Austin, TX
Average Salary: $99,016
Austin offers a thriving tech scene that includes insurance. Companies like USAA and Dell offer many opportunities. Analysts here use technology to improve insurance services and customer experiences.
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Chicago, IL
Average Salary: $94,764
Chicago boasts a strong insurance industry with giants like Allstate and Allstate. Analysts play a key role in risk management and customer support. They ensure policies meet customer needs and company goals.
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Atlanta, GA
Average Salary: $89,824
Atlanta is home to several big insurance companies, including Aflac and SunTrust. Analysts work on policy evaluation and customer claims. They help keep the company running smoothly and efficiently.
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Dallas, TX
Average Salary: $80,505
Dallas has a dynamic insurance market. Companies like Farmers Insurance and Geico provide many opportunities. Analysts focus on customer needs and market trends to improve services.
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Houston, TX
Average Salary: $80,374
Houston's insurance sector is growing. Key employers include Travelers and Liberty Mutual. Analysts here look at data to help shape strategies and improve customer interactions.
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Detroit, MI
Average Salary: $80,318
Detroit's insurance industry is led by companies like Blue Cross Blue Shield of Michigan. Analysts work on risk assessment and policy development. They help ensure the company meets all customer needs.
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Denver, CO
Average Salary: $74,712
Denver has a healthy insurance market. Companies like U.S. Bank and Denver-based insurance firms need skilled analysts. They focus on customer satisfaction and efficient operations.
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Minneapolis, MN
Average Salary: $70,104
Minneapolis has a strong insurance presence. UnitedHealth Group and Thrivent are major employers. Analysts here work on data analysis to improve customer services and company efficiency.
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Nashville, TN
Average Salary: $64,849
Nashville's insurance industry includes companies like State Farm and Allstate. Analysts in Nashville focus on customer needs and data analysis. They ensure policies meet customer needs and company standards.
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What are the best companies a Insurance Analyst can work for?

Insurance Analysts can find excellent opportunities at top companies with competitive salaries. Deloitte leads the way with an average salary of $146,925, offering a rewarding career path. Other strong contenders include CSAA Insurance Group and S&P Global, providing excellent growth potential. Prospective job seekers should also consider Marsh McLennan Agency, NFP Corp, and government roles in states like Florida and North Carolina. These employers offer solid compensation packages and a chance to work in a dynamic field.

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 $54,257.

Deloitte
Average Salary: $146,925
Deloitte offers Insurance Analyst jobs with competitive pay. They work in various locations, including New York, San Francisco, and Chicago. Analysts at Deloitte analyze insurance data, help clients make informed decisions, and ensure risk management is top-notch.
CSAA Insurance Group
Average Salary: $109,224
CSAA Insurance Group provides rewarding Insurance Analyst positions. This company operates in Texas, California, and several other states. Analysts here focus on risk assessment, policy analysis, and financial reporting to support insurance services.
S&P Global
Average Salary: $98,559
S&P Global offers Insurance Analyst jobs with a good salary. They are present in major cities like New York, London, and Singapore. Here, analysts work on market data, trends, and reports to help clients navigate the insurance landscape.
Marsh McLennan Agency
Average Salary: $97,136
Marsh McLennan Agency provides Insurance Analyst roles with a solid salary. They operate in cities such as New York, Los Angeles, and Toronto. Analysts at this company evaluate insurance needs, suggest policies, and assist clients in securing the right coverage.
NFP Corp
Average Salary: $72,000
NFP Corp offers Insurance Analyst jobs with a reasonable salary. They have offices in many states, including Colorado and Texas. Here, analysts work on risk management, policy development, and client support to ensure comprehensive insurance coverage.
State of Florida
Average Salary: $54,827
The State of Florida provides Insurance Analyst positions with a respectable salary. They operate across the state, offering analysts the chance to work on regulatory compliance, policy analysis, and supporting state-run insurance programs.
State of North Carolina
Average Salary: $54,257
The State of North Carolina offers Insurance Analyst jobs with a fair salary. They have offices throughout the state. Here, analysts focus on managing public insurance programs, policy analysis, and ensuring compliance with state regulations.

How to earn more as a Insurance Analyst?

Increasing earnings as an Insurance Analyst requires a mix of skill enhancement, strategic networking, and career development. This role demands attention to detail, analytical skills, and a thorough understanding of insurance policies and practices. By focusing on these key areas, analysts can open pathways to higher pay and better career opportunities.

First, gaining specialized certifications can lead to higher earnings. Certifications such as the Associate in Insurance Services (AIS) or Chartered Property Casualty Underwriter (CPCU) can make an analyst more valuable. These credentials showcase expertise and commitment to the field. Second, developing strong analytical skills can set an analyst apart. Mastery of data analysis tools and a deep understanding of insurance trends can provide the edge needed in a competitive job market. Third, networking with industry professionals can uncover hidden job opportunities and lead to salary negotiations. Building a strong professional network can also offer insights into market trends and salary benchmarks.

Additionally, pursuing advanced degrees or relevant coursework can significantly boost earning potential. Degrees in finance, economics, or insurance can provide a deeper understanding of the industry and lead to higher-paying positions. Finally, seeking promotions or lateral moves to companies with higher compensation structures can also increase earnings. Staying informed about industry salary standards and negotiating skills can help in securing better compensation packages.

To summarize, here are five factors that can help an Insurance Analyst earn more:

Obtain specialized certifications
Develop strong analytical skills
Network with industry professionals
Pursue advanced degrees or coursework
Seek promotions or better-paying positions

Insurance Analyst Salaries

How much does a Insurance Analyst make?

What are the highest paying cities for a Insurance Analyst?

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

How to earn more as a Insurance Analyst?

Currently 38 Insurance Analyst job openings, nationwide.

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

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