Insurance Risk Manager

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Work Tasks

• Decide what kind of insurance a company should have, and get the best price for coverage
• Teach workers how to prevent and control damages to property; file claims with insurance companies when needed
• Decide what the chances of loss are from fire, burglary, etc., and figure out what such losses could cost a company
• Discuss settlements with insurance companies and write reports
• Work in offices for private companies such as banks, telephone companies, and department stores, and for the government
• Work with interviews, survey results, insurance policies, rate charts, laws, legal and medical forms, and employee records

Salary, Size & Growth

• $96,000 average per year ($46.25 per hour)
• A large occupation (478,900 workers in 2010)
• Expected to grow moderately (0.8% per year)

Education/Training

• Minimum for Entry: A 2-year degree in insurance risk management or a related field
• Employers Prefer: A master's degree in insurance risk management
• Certification/Licensing: Certification is available.