Best-paying jobs in specialty insurers

The best-paying jobs in specialty insurers include chief underwriting officer, actuary, and claims manager. Specialty insurer's jobs consist of providing insurance coverage for distinct and high-risk practices and items. To obtain these high-salary roles in this field, you must possess expertise in insurance and the specific insurance industry in which the position operates. Here are 10 of the best-paying jobs in specialty insurers:

1. Chief Underwriting Officer (CUO)

2. Actuary

   Average Salary: $88,255

   An actuary specializes in performing research and analysis to assess risks and help companies prepare for any financial disadvantages or impact it may bring. Their responsibilities revolve around coordinating with different departments to gather accurate data, maintain records of all transactions, evaluate the data through various processes, and develop new strategies to cut down costs and risks. An actuary is also responsible for performing clerical tasks such as producing reports through graphs and charts, preparing presentations, answering inquiries and concern, all while adhering to the company's policies and regulations.

3. Claims Manager

   Average Salary: $73,369

   A claims manager is a professional who works in an insurance-based firm and is responsible for managing the insurance claims department that is composed of examiners and adjusters. Claims managers are required to maintain claim files and reviewing these files as well as communicate with customers to follow up regarding issues they face with insurance claims. They must determine who is liable for the damage if there were other parties involved. Claims managers must also include an expert to assess the amount of damage and avoid insurance fraud.

4. Loss Control Specialist

5. Insurance Product Manager

6. Risk Engineer

7. Cybersecurity Insurance Specialist

8. Marine Insurance Underwriter

9. Aviation Insurance Underwriter

10. Medical Malpractice Underwriter