Risk assessor salary

Risk Assessor: An Overview of the Profession

Working as a risk assessor involves handling and analyzing risks in various contexts, often within the insurance industry. Risk assessors, also known as insurance sales agents and insurance advisors, play a crucial role in minimizing financial losses for companies and individuals. By assessing risks and proposing insurance solutions, risk assessors help their clients protect their assets and future income streams.

What Does a Risk Assessor Do?

Risk assessors primarily work on identifying and analyzing potential risks that may affect a client's financial status. This includes:

• Evaluating the client's needs and current insurance coverage.
• Analyzing data and statistics to predict possible future risks.
• Proposing suitable insurance products and strategies to minimize risks.
• Negotiating and designing insurance contracts.
• Staying updated on market trends and legal changes.

Salary for a Risk Assessor

It is interesting to see how salaries for risk assessors vary based on gender and experience. With an average monthly salary of 49 500 SEK, men earn higher with an average salary of 54 000 SEK, while women in the profession earn slightly less, with an average salary of 45 000 SEK. This means that women earn around 83% of what men do in the same profession. The hourly wage for a risk assessor, based on an average of 166 working hours per month, is approximately 298 SEK.

Salary Development and Disparities

There has been a positive change in the average salary for risk assessors from 47 400 SEK to 49 500 SEK since the previous measurement. The highest salary for a risk assessor is 64,600 SEK, belonging to a man with a post-secondary education of three years or more, while the highest salary for a woman is 54,200 SEK. The lowest salary for the profession is 40,700 SEK for a woman with pre-secondary education, and 46,300 SEK for a man in the same category.

Education and Qualifications

To work as a risk assessor, a post-secondary education in economics, law, or related fields is usually required. Many employers prefer candidates with a bachelor's degree or higher, as well as experience in insurance, finance, or risk management. Education in statistics and analysis is also advantageous, as the work often involves handling large amounts of data and conducting complex analyses.

Requirements to Land a Job as a Risk Assessor

Risk assessors need strong analytical skills, an eye for detail, and the ability to make decisions under uncertainty. Communication is also crucial, as risk assessors often work directly with clients and need to explain complex concepts in an understandable way. In addition to formal education, having certifications in relevant insurance and risk management is advantageous.

Future Outlook and Job Market

Based on the information available, it is challenging to make an exact assessment of the future outlook for risk assessors, as the profession is part of a broader occupational group without a specific forecast. However, the demand for qualified risk assessors is generally stable, especially in areas like insurance and finance where risk management is central.

Competition in the Profession

With increasing complexity in global and financial markets, the need for skilled risk assessors is also rising. However, there may be competition for the most attractive positions, and candidates with specialized education and experience have an advantage. Employers may be attracted to those who have the ability to handle new types of risks, such as cyber risks and climate change.

Working Conditions and Benefits

Risk assessors often work in office environments and may, depending on the employer, be offered benefits such as flexible working hours, the option to work remotely, and paid further education. Such benefits can be of significant value and contribute to a better work-life balance.

In conclusion, the job of a risk assessor is both challenging and rewarding, with opportunities to impact clients' financial security. With the right education and qualifications, this profession can offer a stable and well-paid career.