![]() However, as the insurance industry continues to consolidate, there will be a greater need for risk managers to help insurance companies manage their risks. As insurance rates become more competitive, insurance companies may hire fewer risk managers. The employment of insurance risk managers is expected to grow at an average rate over the next decade.ĭemand for risk management services will depend on the demand for insurance and the stability of the insurance market. ![]() They may also earn additional compensation in the form of bonuses. Insurance risk managers’ salaries vary depending on their level of education, years of experience, and the size and industry of the company.
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