Managing a company's insurance program and the broader risk transfer function — placing policies, handling claims, coordinating with brokers, and partnering with operations on loss prevention. The role tends to combine insurance technical knowledge with steady cross-functional risk thinking.
Most weeks tend to revolve around the insurance program — policy renewals, claims activity, loss runs, and the steady conversations with brokers and carriers — paired with the internal work of risk identification, loss prevention, and contract review. You'll often spend time with operations leaders, legal on contract risk, finance on captive or premium accounting, and brokers on market conditions. Progress shows up in total cost of risk, claim outcomes, and the smoothness of renewals year over year.
The harder part is often the long tail of claims and the unpredictability of markets — a workers' comp claim that turns severe years after the incident, a property loss that exposes coverage gaps, a hardening insurance market that strips capacity from key lines. Variance across employers is real: a small company may rely heavily on broker guidance; a large or complex company carries captive insurance arrangements, deductibles, and global property programs that require deeper technical skill.
People who tend to thrive here are comfortable thinking probabilistically and patient with multi-year claim development. The role rewards technical depth, broker-relationship skill, and a steady risk mindset, and many risk and insurance managers grow into chief risk officer, treasury, or insurance executive paths over time. ARM, CPCU, and similar credentials shape the career arc.
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Where this role sits in the broader career landscape — and where it can take you.
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Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.
Roles with similar work and overlapping career paths
View all Business Operations roles →Managing a company's insurance program and the broader risk transfer function — placing policies, handling claims, coordinating with brokers, and partnering with operations on loss prevention. The role tends to combine insurance technical knowledge with steady cross-functional risk thinking.
Median pay for a Risk and Insurance Manager is about $162K nationally, with the field ranging roughly from $86K to $208K depending on experience, employer, and metro (BLS).
Core skills for this role include Reading Comprehension, Speaking, Active Listening, Critical Thinking, and Monitoring.
Most people in this role hold a bachelor's degree.
Employment in this field is projected to grow about 14.8% through 2034, with roughly 818,620 people working in it today (BLS).
Closely related roles include F and B Director (Food and Beverage Director), L and D Director (Learning and Development Director), and Insurance Auditor.
It's your career.
Take the wheel.