Risk and Insurance Manager

Plan, direct, and coordinate risk and insurance programs of establishment.
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Quick Stats


Salary Range
$76,000 – $142,000

Data from U.S. Department of Labor

What do Risk and Insurance Managers do?

Plans, directs, and coordinates risk and insurance programs of establishment to control risks and losses: Analyzes and classifies risks as to frequency and potential severity, and measures financial impact of risk on company. Selects appropriate technique to minimize loss, such as avoidance, loss prevention and reduction, retention, grouping of exposure units, and transfer. Directs insurance negotiations, selects insurance brokers and carriers, and places insurance. Appoints claims and self-insurance administrators, and allocates program costs. Prepares operational and risk reports for management analysis. Manages insurance programs, such as fidelity, surety, liability, property, group life, medical, pension plans, and workers’ compensation. Prepares operational and risk reports for management analysis. May direct loss prevention and safety programs. May select and direct activities of safety, engineering, and loss prevention experts. May negotiate with unions for employee benefits.

Should I be a Risk and Insurance Manager?

You should have a bachelor's degree or higher and share these traits:
  • Reliable: You can always be counted on to do a good job.
  • Trustworthy: You are known for your personal integrity and honesty.
  • Team Player: You're able to listen, communicate, and work with tons of different people.

  • Also known as: Insurance and Risk Manager, Risk Management Director

    How to Become a
    Risk and Insurance Manager

    We recommend at least a Bachelor's degree. Check out these schools offering Risk and Insurance Manager-related education!
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