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Job outlook for insurance analysts in the United States
Are insurance analyst jobs in demand?
Insurance analyst job and salary trends over time
Insurance analyst jobs over time
Insurance analyst job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 2,893 | 0.00% |
| 2020 | 2,735 | 0.00% |
| 2019 | 2,688 | 0.00% |
| 2018 | 2,580 | 0.00% |
| 2017 | 2,415 | 0.00% |
Average insurance analyst salary over time
Insurance analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $55,424 | $26.65 | +2.5% |
| 2025 | $54,058 | $25.99 | +0.9% |
| 2024 | $53,563 | $25.75 | --0.5% |
| 2023 | $53,857 | $25.89 | +3.1% |
| 2022 | $52,251 | $25.12 | +4.1% |
Insurance analyst jobs by state
Most common states for insurance analysts
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 123 | 18% |
| 2 | Vermont | 623,657 | 71 | 11% |
| 3 | Montana | 1,050,493 | 103 | 10% |
| 4 | South Dakota | 869,666 | 89 | 10% |
| 5 | North Dakota | 755,393 | 78 | 10% |
| 6 | Alaska | 739,795 | 77 | 10% |
| 7 | Idaho | 1,716,943 | 161 | 9% |
| 8 | Delaware | 961,939 | 89 | 9% |
| 9 | Iowa | 3,145,711 | 265 | 8% |
| 10 | Wyoming | 579,315 | 46 | 8% |
| 11 | Virginia | 8,470,020 | 559 | 7% |
| 12 | Colorado | 5,607,154 | 408 | 7% |
| 13 | Minnesota | 5,576,606 | 372 | 7% |
| 14 | Mississippi | 2,984,100 | 208 | 7% |
| 15 | Nebraska | 1,920,076 | 126 | 7% |
| 16 | Rhode Island | 1,059,639 | 72 | 7% |
| 17 | Maryland | 6,052,177 | 372 | 6% |
| 18 | Louisiana | 4,684,333 | 285 | 6% |
| 19 | Utah | 3,101,833 | 172 | 6% |
| 20 | New Mexico | 2,088,070 | 118 | 6% |
Most common cities for insurance analysts
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Wakefield | 1 | 4% | $63,362 |
| 2 | Middletown | 1 | 2% | $69,467 |
| 3 | Allentown | 1 | 1% | $70,774 |
| 4 | Little Rock | 1 | 1% | $38,864 |
| 5 | Tallahassee | 1 | 1% | $52,741 |
| 6 | Chicago | 4 | 0% | $38,519 |
| 7 | New York | 3 | 0% | $80,769 |
| 8 | Dallas | 2 | 0% | $47,858 |
| 9 | Irving | 1 | 0% | $47,824 |
| 10 | Omaha | 1 | 0% | $36,762 |
| 11 | Sacramento | 1 | 0% | $96,900 |
Insurance Analyst job outlook: Expert opinions
Our panel of insurance analyst experts
What general advice would you give to an Insurance Analyst?
Jill Bisco Ph.D., CIC, CRM, CPRM, CSRM: 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!
What will help Insurance Analysts increase their earning potential?
Jill Bisco Ph.D., CIC, CRM, CPRM, CSRM: Take the time to continue to learn. Our industry is one that keeps evolving and changing and this allows it to stay dynamic and exciting, but also requires a continued commitment to education. Learn from coworkers and mentors. Learn through designation courses and continuing education. Just keep learning. As I was told early in my career, “always prepare yourself for the next promotion or the next opportunity that comes your way.” Preparedness includes staying current with what is going on in the industry.
What Insurance Analyst skills would you recommend for someone trying to advance their career?
Jill Bisco Ph.D., CIC, CRM, CPRM, CSRM: I believe that everyone in the industry will need to have a comfort with technology and, depending on the position, the ability to analyze data. As we see artificial intelligence, things change quickly and how the business operates today will change in the coming years. One doesn’t have to be an instant master of new technology, but knowing what is available and how it is being used will allow those in the industry the opportunity to engage in discussions of future innovations.
It may seem like a cliché, but “thinking outside the box” is still an important skill in insurance. With so many changes occurring in the world (weather, unrest, economic issues, etc.), it is a skill to be able to look at situations and think of new or innovative ways to address them. Don’t be afraid to share a new idea or question a current way of doing things. You never know where the next big idea will come from