Top Paying Insurance Jobs In 2023

March 13, 2023
6:45 pm

Joy Olaivar

Here are a few of the highest-paying insurance jobs:

Consulting Actuary

For this position, the annual income ranges from $93,000 to $173,000 per year. Clients receive accounting and risk assessment advice from these insurance experts. A candidate for this post must have several years of actuarial experience in addition to expertise in financial audits and risk modeling.

Life Insurance Actuary

The annual salary for this position ranges from $67,000 to $250,000. A life insurance actuary assists in determining the cost of a life insurance policy at a level that balances risk and expense. They assess client risks as part of their work, do financial studies, and compile reports for salespeople and management. A college degree in a discipline like mathematics, actuarial science, or another relevant field is necessary for this position. Also, you must hold a professional actuarial certification.

Pricing Actuary

The annual salary for this post ranges from $99,000 to $150,000. In the financial services industry, which includes insurance, this person uses statistics. By identifying risks and doing data analysis, pricing actuaries assist in establishing the cost of insurance products. They must, among other things, make sure that the cost of claims and employee retirement will be covered by the purchase price. A degree in a subject like arithmetic, statistics, or actuarial science is also necessary for this position.

Actuary

The actuary’s duties include setting insurance policy premiums and advising businesses on how to retain capital and adhere to regulatory requirements. They can also be using risk management software as part of their employment. Actuaries can specialize in four different fields: life, health, pension, and property & casualty insurance. Actuaries can expect to make between $111,000 and $140,000 per year.

Underwriting Manager

An underwriting manager’s primary duty is to oversee the activities of the underwriting division. They assist underwriters in reviewing applications, establishing screening procedures, and creating fresh techniques and models to assess clients’ financial risk. Their annual salaries range from $92,000 to $126,000 on average.