Best Paying Jobs in Property-Casualty Insurers

Property-casualty insurance is a dynamic and lucrative field, offering a variety of well-paying career opportunities. Here’s a look at the top ten roles within this industry.

1. Risk Control Manager

• Average Salary: $139,790
• Job Description: Oversees risk evaluation and strategizes risk reduction.
• Responsibilities: Identifying and assessing risks, ensuring compliance with laws and regulations.
• Education: Bachelor’s degree.

2. Chief Actuary

• Average Salary: $116,500 – $137,000
• Job Description: Uses statistical analysis and mathematical modeling for financial risk calculation.
• Responsibilities: Risk strategy development.
• Education: Background in mathematics, statistics, or finance, often with an actuarial designation.

3. Claims Manager

• Average Salary: Up to $107,000
• Job Description: Manages client interactions for filing claims.
• Responsibilities: Assisting clients in claim filing, stress management.
• Education: Relevant experience in the insurance industry.

4. Underwriting Director

• Average Salary: $169,232 – $222,649
• Job Description: Leads the underwriting department.
• Responsibilities: Setting underwriting guidelines and policies, risk management.
• Education: Bachelor’s degree in business, economics, or finance, may also have an actuarial designation or CPA.

5. Vice President of Marketing

• Average Salary: $249,013 – $319,993
• Job Description: Develops and implements marketing strategies.
• Responsibilities: Leading marketing campaigns, tracking results.
• Education: Experience in marketing, advertising, or public relations.

6. Insurance Brokers

• Average Salary: $86,710
• Job Description: Negotiates policy terms on behalf of clients.
• Responsibilities: Finding optimal policy combinations for clients.
• Education: Varies, often requires state certification.

7. Actuary

• Average Salary: Varies
• Job Description: Calculates risks associated with policies.
• Responsibilities: Research and statistical analysis.
• Education: Background in statistics or a related field.

8. Claims Adjuster

• Average Salary: $72,040
• Job Description: Evaluates and settles insurance claims.
• Responsibilities: Inspecting damages, evaluating claims.
• Education: High school diploma, relevant experience.

9. Insurance Claims Examiner

• Average Salary: $61,600
• Job Description: Reviews insurance claims for accuracy.
• Responsibilities: Supporting claims adjusters, ensuring adherence to guidelines.
• Education: High school diploma, relevant experience.

10. Cost Estimator

• Average Salary: $71,200
• Job Description: Estimates costs in insurance claims.
• Responsibilities: Collecting and analyzing data for cost estimation.
• Education: Bachelor’s degree.

Final Thoughts

The property-casualty insurance sector is not just financially rewarding but also offers diverse career paths. From risk control to claims management and actuarial roles, there is a range of opportunities for individuals with various educational backgrounds and skill sets. These roles not only provide attractive salaries but also the chance to play a critical role in one of the most important aspects of the financial services industry.

Other Jobs in Finance and Banking

• Best Paying Jobs in Major Banks
• Best Paying Jobs in Finance Consumer Services
• Best Paying Jobs in Life Insurance
• See All High-Paying Career Opportunities By Industry

Sources

• CareerCloud: CareerCloud
• Psychometric Success: Psychometric Success
• ValueWalk: ValueWalk
• Get Immunified: Get Immunified
• SuperMoney: SuperMoney
• Wealthgist: Wealthgist

Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

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