How To Become An Insurance Analyst: What It Is and Career Path

What is an insurance analyst and how to become one

Updated January 8, 2025

4 min read

Quoted expert

Jill Bisco Ph.D., CIC, CRM, CPRM, CSRM

Your position as an insurance analyst requires you to use computer software to determine the best insurance policy that suits a policyholder. Your duty may be extended to assessing and comparing different insurance policies to determine the risks involved for both the insurance company and the holder.

As an insurance analyst, you may work with an insurance company or a consulting firm. Your duties include assessing insurance applications and ensuring that all documentation required for processing is accurate and complete. Your role is also to assess claims and confirm that they are indeed legitimate. Therefore, you need to have strong investigative skills as there may be incidences of insurance fraud.

A position as an insurance analyst requires you to pay thorough attention to detail and to be highly analytical and organized. Because you make use of computer software to determine risks for insurance companies and policyholders, you will also need to have strong computer skills. In order to become an insurance analyst, you will need to have a bachelor's degree in business administration or a field related to insurance. Extensive work experience will be to your advantage in order to thrive in this career.

What general advice would you give to an insurance analyst?

Jill Bisco Ph.D., CIC, CRM, CPRM, CSRM

Assistant Professor of Risk Management and Insurance, Website

I already mentioned – continue learning and, in the process, gain certifications or designations. Whether one continues their university education through a master’s or doctorate, or gains designations such as the CPCU or CIC, the continuation of learning will show current and prospective employers a commitment and dedication to learn about the industry.

Be engaged! Get involved! Doing the bare minimum, or sometimes just doing your job, is no longer sufficient, although I’m not sure it ever was. Employees that get connected with organizations such as the Risk and Insurance Management Society (RIMS) or a Gamma Iota Sigma alumni chapter - stand out. Don’t be afraid to engage in groups within or outside of your organization. Be different, be engaged, stand out!

ScoreInsurance AnalystUS Average

Salary

4.3

Avg. Salary $55,424

Avg. Salary $59,228

Stability level

7.6

Growth rate -4%

Growth rate 0.3%

Diversity

5.4

Race

American Indian and Alaska Native 0.37%

Asian 5.42%

Black or African American 11.08%

Hispanic or Latino 8.98%

Unknown 2.44%

White 71.71%

Gender

female 71.30%

male 28.70%

Age - 43

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43

Stress level

7.6

Stress level is high

7.1 - high

Complexity level

8.6

Complexity level is advanced

7 - challenging

Work life balance

5.5

Work life balance is fair

6.4 - fair

Key steps to become an insurance analyst

Explore insurance analyst education requirements

Most common insurance analyst degrees

Bachelor's

57.9 %

Associate

17.5 %

Master's

8.8 %

Start to develop specific insurance analyst skills

Skills	Percentages
Insurance Coverage	10.86%
Insurance Policies	7.64%
Life Insurance	5.64%
Patients	5.11%
Health Insurance	4.89%

Complete relevant insurance analyst training and internships

Accountants spend an average of 3-6 months on post-employment, on-the-job training. New insurance analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an insurance analyst based on U.S. Bureau of Labor Statistics data and data from real insurance analyst resumes.

Research insurance analyst duties and responsibilities

Cold-Cal to generate leads for individual life and disability insurance and annuities.
Organize and examine medical records for physical therapy clinics for patients, attorneys and disability insurance claims.
Verify insurance benefits for specialty medications cover under both pharmacy and major medical benefits and communicate coverage to patients and physicians.
Prepare project kickoff PowerPoint presentation for client site visits.

Prepare your insurance analyst resume

When your background is strong enough, you can start writing your insurance analyst resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an insurance analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable insurance analyst resume templates

Build a professional insurance analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your insurance analyst resume.

Apply for insurance analyst jobs

Now it's time to start searching for an insurance analyst job. Consider the tips below for a successful job search:

Browse job boards for relevant postings
Consult your professional network
Reach out to companies you're interested in working for directly
Watch out for job scams

How do insurance analysts rate their job?

-/5

5 stars

4 stars

3 stars

2 stars

1 star

Insurance analyst reviews

A zippia user wrote a review on Nov 2019

Pros

I was fortunate to start via an underwriting training program with a large insurance company. These are difficult to get into now and companies aren't as committed to training. The training offered me a great overview of the industry & various product lines. This offered me flexibility as I learned new products and specialty programs. I enjoy a 9-5 role, great benefits, good bonuses and travel. You also meet many people with variety of education and professional backgrounds and interests and make great long term friendships. The industry welcomes and needs people with many talents. I've enjoyed working remote and with small teams in the office.