FIND PERSONALIZED JOBS
Sign up to Zippia and discover your career options with your personalized career search.
Sorry, we can't find that. Please try a different city or state.

Insurance Analyst

This job has expired and is no longer available.
APPLY NOW
Apply Now
×
FIND
PERSONALIZED JOBS

Sorry, we can't find that. Please try a different city or state.

CONTENT HAS
BEEN UNLOCKED
Close this window to view unlocked content
or
find interesting jobs in

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

Sign Up

SIGN UP TO UNLOCK CONTENT

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

Sign up to save the job and get personalized job recommendations.

Sign up to dismiss the job and get personalized job recommendations.

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Already have an account? Log in

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Company Saved

Answer a few questions and view jobs at that match your preferences.

Where do you want to work?

Job Saved

See your Saved Jobs now

or

find more interesting jobs in

Job Dismissed

Find better matching jobs in

Your search has been saved!

Become An Insurance Analyst

Where do you want to work?

To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.

Working As An Insurance Analyst

  • Getting Information
  • Making Decisions and Solving Problems
  • Analyzing Data or Information
  • Processing Information
  • Documenting/Recording Information
  • Mostly Sitting

  • Make Decisions

  • Repetitive

  • Stressful

  • $66,000

    Average Salary

What Does An Insurance Analyst Do

Insurance underwriters decide whether to provide insurance and under what terms. They evaluate insurance applications and determine coverage amounts and premiums.

Duties

Insurance underwriters typically do the following:

  • Analyze information stated on insurance applications
  • Determine the risk involved in insuring a client
  • Screen applicants on the basis of set criteria
  • Evaluate recommendations from underwriting software
  • Contact field representatives, medical personnel, and others to obtain further information
  • Decide whether to offer insurance
  • Determine appropriate premiums and amounts of coverage

Underwriters are the main link between an insurance company and an insurance agent. Insurance underwriters use computer software programs to determine whether to approve an applicant. They take specific information about a client and enter it into a program. The program then provides recommendations on coverage and premiums. Underwriters evaluate these recommendations and decide whether to approve or reject the application. If a decision is difficult, they may consult additional sources, such as medical documents and credit scores.

Underwriters analyze the risk factors appearing on an application. For instance, if an applicant reports a previous bankruptcy, the underwriter must determine whether that information is relevant to the current policy. The underwriter would consider how far in the past the bankruptcy occurred and how the applicant’s financial situation has changed since the applicant filed for bankruptcy.

Insurance underwriters must achieve a balance between risky and cautious decisions. If underwriters allow too much risk, the insurance company will pay out too many claims. But if they don't approve enough applications, the company will not make enough money from premiums.

Most insurance underwriters specialize in one of three broad fields: life, health, and property and casualty. Although the job duties in each field are similar, the criteria that underwriters use vary. For example, for someone seeking life insurance, underwriters consider age and financial history. For someone applying for car insurance (a form of property and casualty insurance), underwriters consider the person’s driving record.

Within the broad field of property and casualty, underwriters may specialize even further, into commercial (business) insurance or personal insurance. They may also specialize by the type of policy, such as insuring automobiles, boats (marine insurance), or homes (homeowners’ insurance).

Show More

Show Less

How To Become An Insurance Analyst

Employers prefer to hire candidates who have a bachelor’s degree. However, insurance-related work experience and strong computer skills may be enough. Certification is generally necessary for advancement to senior underwriter and underwriter manager positions.

Education

Most firms prefer to hire applicants who have a bachelor’s degree. Courses in business, finance, economics, and mathematics are particularly helpful.

Training

Beginning underwriters usually work as trainees under the supervision of senior underwriters. Trainees work on basic applications and learn the most common risk factors. As they gain experience, they become responsible for more complex applications and work independently.

Licenses, Certifications, and Registrations

Employers often expect underwriters to become certified through coursework. Courses are important for keeping current with new insurance policies and for adjusting to new technology and changes in state and federal regulations. Certification is often necessary for advancement to senior underwriter and underwriter management positions. Many certification options are available.

For underwriters with at least 3 years of insurance experience, The Institutes offer the Chartered Property and Casualty Underwriter (CPCU) designation. For beginning underwriters, The Institutes offer a training program.

The Institutes also offer two special designations: Associate in Commercial Underwriting (AU) and Associate in Personal Insurance (API). To earn either the AU or API designation, underwriters complete a series of courses and exams that generally take 1 to 2 years.

The National Association of Insurance and Financial Advisors offers an introductory course in basic insurance concepts: the Life Underwriter Training Council Fellow (LUTCF). The American College of Financial Services offers the Chartered Life Underwriter (CLU) certification.

Important Qualities

Analytical skills. Underwriters must be able to evaluate information from a variety of sources and solve complex problems.

Decisionmaking skills. Underwriters must consider the costs and benefits of various decisions and choose the appropriate one.

Detail oriented. Underwriters must pay attention to detail, because each individual item on an insurance application can affect the coverage decision.

Interpersonal skills. Underwriters need good communication and interpersonal skills because much of their work involves dealing with other people, such as insurance agents.

Math skills. Determining the probability of losses on an insurance policy and calculating appropriate premiums require mathematical ability.

Show More

Show Less

Do you work as an Insurance Analyst?

Send To A Friend

Insurance Analyst Jobs

NO RESULTS

Aw snap, no jobs found.

Add To My Jobs

Insurance Analyst Career Paths

Insurance Analyst
Office Manager Operations Manager
Senior Operations Manager
9 Yearsyrs
Office Manager Owner Vice President
Vice President And Manager
10 Yearsyrs
Office Manager Accounting Manager Controller
Accounting Director
11 Yearsyrs
Account Manager Business Manager Finance Manager
Manager Finance Planning And Analysis
8 Yearsyrs
Account Manager Operations Manager Property Manager
Portfolio Manager
7 Yearsyrs
Account Manager Owner Vice President
Vice President And Portfolio Manager
10 Yearsyrs
Business Analyst Consultant Senior Accountant
Accounts Receivable Manager
6 Yearsyrs
Business Analyst Manager Production Manager
Processing Manager
7 Yearsyrs
Business Analyst Project Manager Operations Director
Assistant Vice President Operations
8 Yearsyrs
Finance Analyst Senior Auditor Compliance Manager
Compliance Director
12 Yearsyrs
Finance Analyst Team Leader Assistant Store Manager
Credit Manager
5 Yearsyrs
Finance Analyst Owner Senior Vice President
Chief Risk Officer
9 Yearsyrs
Team Leader Unit Manager Claims Manager
Risk Manager
8 Yearsyrs
Team Leader Property Manager Real Estate Manager
Acquisitions Manager
7 Yearsyrs
Executive Assistant Analyst Underwriter
Underwriting Manager
8 Yearsyrs
Executive Assistant Human Resources Generalist
Benefits Manager
8 Yearsyrs
Executive Assistant Operations Manager Client Services Manager
Client Manager
6 Yearsyrs
Medical Coder Compliance Manager Risk Manager
Risk And Insurance Manager
6 Yearsyrs
Medical Coder Senior Consultant Business Systems Senior Analyst
Business Leader
8 Yearsyrs
Manager Regional Sales Manager Vice President & Sales Manager
Associate Vice President
9 Yearsyrs
Show More
Share

Do you work as an Insurance Analyst?

Help others decide if this is a good career for them

Do you work as an Insurance Analyst?

Average Yearly Salary
$66,000
Show Salaries
$40,000
Min 10%
$66,000
Median 50%
$66,000
Median 50%
$66,000
Median 50%
$66,000
Median 50%
$66,000
Median 50%
$66,000
Median 50%
$66,000
Median 50%
$110,000
Max 90%
Best Paying Company
Caleres
Highest Paying City
San Jose, CA
Highest Paying State
New Jersey
Avg Experience Level
3.0 years
How much does an Insurance Analyst make at top companies?
The national average salary for an Insurance Analyst in the United States is $66,523 per year or $32 per hour. Those in the bottom 10 percent make under $40,000 a year, and the top 10 percent make over $110,000.

Real Insurance Analyst Salaries

Job Title Company Location Start Date Salary
Risk and Insurance Analyst Kari Corporation DBA/Asegurnet Hollywood, FL Apr 16, 2015 $153,920
Analyst, Insurance Risk Management American International Group, Inc. New York, NY Sep 15, 2010 $115,000
Insurance Analyst IV CSAA Insurance Services Inc. Walnut Creek, CA Jun 08, 2016 $103,800 -
$155,700
Insurance Analyst CSAA Insurance Services, Inc. Walnut Creek, CA Dec 21, 2016 $102,086
International Insurance Analyst Edgewood Partners Insurance Center Duluth, GA Sep 15, 2015 $94,992
Insurance Analyst III CSAA Insurance Services LLC Walnut Creek, CA Aug 18, 2015 $91,500 -
$137,300
Insurance Analyst IV AAA Northern California, Nevada & Utah Insurance E Walnut Creek, CA Apr 01, 2013 $88,400 -
$132,600
Insurance Analyst III AAA Northern California, Nevada & Utah Insurance E Walnut Creek, CA Oct 24, 2011 $88,146
Risk and Insurance Analyst Amedex Worldwide Corporation Miami, FL Oct 17, 2007 $86,235
Insurance Underwriting Analyst Generali-U.S. Branch Parsippany-Troy Hills, NJ Sep 15, 2010 $85,000
Risk & Insurance Analyst Kari Corporation Hollywood, FL Nov 20, 2012 $80,266
Risk & Insurance Analyst Kari Corporation Hollywood, FL Nov 23, 2012 $80,266
Insurance Analyst III CSAA Insurance Exchange Walnut Creek, CA Aug 05, 2013 $79,800 -
$119,700
Insurance Analyst II CSAA Insurance Services Inc. Walnut Creek, CA Nov 19, 2016 $76,918 -
$113,800
Risk and Insurance Analyst Home Properties, L.P. Rochester, NY Oct 01, 2009 $75,000
Insurance/Reinsurance Analyst Tata Consultancy Services Limited Fairfield, OH Sep 16, 2015 $72,000
Risk and Insurance Analyst World of America Global Partners, LLC Miami, FL Aug 22, 2011 $67,848
Risk and Insurance Analyst World of America Global Partners, LLC Miami, FL Oct 01, 2011 $67,848
Insurance/Reinsurance Analyst Tata Consultancy Services Limited Minneapolis, MN Sep 16, 2015 $67,000
Insurance/Reinsurance Analyst Tata Consultancy Services Limited Minneapolis, MN Sep 16, 2015 $66,000
Treasury and Insurance Analyst SFX Entertainment, Inc. New York, NY Aug 12, 2014 $60,000
Insurance Underwriting Analyst Generali Us Branch New York, NY Dec 12, 2011 $57,000
Risk & Insurance Analyst Kari Corporation Hollywood, FL Sep 01, 2012 $56,000
Risk and Insurance Analyst World of America Global Partners, LLC Miami, FL Feb 01, 2010 $55,000
International Risk and Insurance Analyst Best Doctors, Inc. Miami, FL Jan 01, 2012 $55,000
Insurance Analyst U.S. Re Corporation Pearl River, NY Oct 01, 2012 $55,000

No Results

To get more results, try adjusting your search by changing your filters.

See More Salaries

How Would You Rate The Salary Of an Insurance Analyst?

Have you worked as an Insurance Analyst? Help other job seekers by rating your experience as an Insurance Analyst.

Top Skills for An Insurance Analyst

  1. Insurance Companies
  2. Insurance Policies
  3. Ensure Compliance
You can check out examples of real life uses of top skills on resumes here:
  • Identified and resolved overpaid/underpaid claims between HCA Hospitals and various insurance companies.
  • Audit multifamily mortgage insurance policies or certificates for Government-Sponsored Enterprise loans and small balance loans.
  • Monitored contacts with insurance program vendors to ensure compliance with contractual obligations.
  • Produced and analyzed over 100 monthly financial statements.
  • Contribute to customer service by answering calls expediently, providing information and solving customer problems relating to health insurance files.

Rank:

Average Salary:

Embed On Your Website

Top 10 Best States for Insurance Analysts

  1. New York
  2. District of Columbia
  3. Maryland
  4. New Jersey
  5. Rhode Island
  6. Arizona
  7. California
  8. Pennsylvania
  9. Massachusetts
  10. Connecticut
  • (484 jobs)
  • (144 jobs)
  • (249 jobs)
  • (208 jobs)
  • (38 jobs)
  • (197 jobs)
  • (959 jobs)
  • (317 jobs)
  • (229 jobs)
  • (99 jobs)

Insurance Analyst Demographics

Gender

Female

62.8%

Male

25.4%

Unknown

11.8%
Ethnicity

White

59.3%

Hispanic or Latino

15.8%

Black or African American

13.3%

Asian

7.9%

Unknown

3.7%
Show More
Foreign Languages Spoken

Spanish

55.6%

French

9.3%

Carrier

5.6%

Arabic

5.6%

Chinese

3.7%

Mandarin

3.7%

Cantonese

3.7%

Portuguese

1.9%

Ukrainian

1.9%

Yoruba

1.9%

Japanese

1.9%

Urdu

1.9%

Hmong

1.9%

Russian

1.9%
Show More

Insurance Analyst Education

Schools

University of Phoenix

25.8%

Florida State University

8.6%

University of North Texas

4.8%

Florida State College at Jacksonville

4.8%

Liberty University

4.8%

Strayer University

4.8%

Northern Virginia Community College

4.8%

University of North Carolina at Greensboro

4.3%

Michigan State University

3.8%

Ashford University

3.8%

New York University

3.2%

Central Piedmont Community College

3.2%

Saint John's University - New York

3.2%

American InterContinental University

3.2%

University of Maryland - University College

3.2%

University of Connecticut

2.7%

University of South Florida

2.7%

Wayne State University

2.7%

University of the District of Columbia

2.7%

Cleveland State University

2.7%
Show More
Majors

Business

31.6%

Health Care Administration

10.7%

Finance

7.9%

Accounting

7.7%

Management

5.1%

Psychology

3.8%

Insurance

3.5%

Medical Assisting Services

3.4%

Political Science

3.2%

Marketing

2.9%

Nursing

2.6%

General Studies

2.3%

Criminal Justice

2.3%

Computer Information Systems

2.2%

English

1.9%

Communication

1.9%

Computer Science

1.8%

Education

1.7%

Liberal Arts

1.7%

Economics

1.7%
Show More
Degrees

Bachelors

39.5%

Other

21.5%

Masters

16.8%

Associate

11.4%

Certificate

5.9%

Diploma

2.4%

Doctorate

1.6%

License

0.9%
Show More

Job type you want
Full Time
Part Time
Internship
Temporary

How Would You Rate Working As an Insurance Analyst?

Are you working as an Insurance Analyst? Help us rate Insurance Analyst as a Career.

Top Insurance Analyst Employers

Jobs From Top Insurance Analyst Employers

Insurance Analyst Videos

Career Advice on becoming a Risk Manager by Martyn R (Highlights)

Discover what it's like to work for TD - A Day in the life of an Insurance Advisor

Related To Your Recently Viewed Content