How much does a Risk engineer, insurance make

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  2. Risk engineer, insurance
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Risk engineer, insurance

51 300 kr

Insurance salespeople and advisors

42 300 - 65 700 kr / month

Women earn 85% of what men do.

Administration, ekonomi

What will be the salary after tax?

Salary progression Risk engineer, insurance

Average salary 51 300 kr
Males 55 600 kr
Females 47 200 kr
1 Likes 0 Comments 18 Vacant jobs ->

What does an insurance risk engineer do? – Tasks and work environment

An insurance risk engineer works with identifying, analyzing, and evaluating risks for insurance companies and their clients. The main task is to assess various types of risks related to properties, industries, and operations to prevent damages and reduce losses. The work often involves site visits, reviewing technical documents, interviewing responsible personnel, and compiling risk reports. The work environment is varied, combining office work with fieldwork, including travel to clients’ facilities and sites regularly. The risk engineer often acts as a link between the insurance company and the client, providing recommendations on safety measures and improvements.

Salary development over time

The salary for an insurance risk engineer has shown a clear upward trend over the past three years. In 2022, the average salary was 47,400 SEK per month, increasing to 49 500 SEK in 2023 and further to 51 300 SEK in 2024. This corresponds to a total salary increase of about 8.2% over the period. The salary growth has been driven by increased demand for specialist skills in risk management, along with higher requirements for technical and analytical abilities. The market for qualified risk engineers has become more competitive, contributing to continued salary increases, especially for those with more experience and higher education.

Risk engineer, insurance salary – complete overview

  • Average salary: 51 300 SEK/month
  • Lowest salary: 42,300 SEK/month (female, high school education, private sector)
  • Highest salary: 65,700 SEK/month (male, post-secondary education, private employee)
  • Hourly wage: 309 SEK
  • Women: 47 200 SEK/month
  • Men: 55 600 SEK/month
  • Women's salary as a percentage of men's: 85%

Education and qualifications

To work as an insurance risk engineer, a post-secondary education in engineering, science, or social sciences is usually required. Many employers prefer university degrees, preferably in areas such as fire and risk management, mechanical engineering, or civil engineering. Practical experience from technical work, insurance, or risk assessment is advantageous. Additional specialized courses in risk analysis, safety work, and insurance can be beneficial.

  • Post-secondary education: Usually 3–5 years (technical, scientific, or social sciences)
  • Certifications: Courses in risk analysis, fire safety, or insurance law
  • Internship: Relevant work experience or trainee programs are valued
  • Prerequisites: High school diploma with a technical or scientific profile
  • Tips: Combining analytical skills with communication skills is highly valued

Many risk engineers have the opportunity to work internationally, especially if employed by larger insurance companies or corporations. The work sometimes involves travel to factories, ports, and industries in other countries, providing unexpectedly broad experiences and networks.

– statsskuld.se

Common benefits and compensations

Risk engineers in the insurance industry are often offered competitive benefits beyond their base salary. Common perks include occupational pension, wellness allowance, extra vacation weeks, and remote work options. Company cars, bonus programs, and further training within the profession are also common employment benefits.

Challenges and competition

The competition for positions as an insurance risk engineer is significant, especially in metropolitan areas where the largest insurance companies are established. Challenges in the profession often involve staying updated on new regulations, technical standards, and digital tools for risk analysis. Rapid technological development requires continuous skills development. The role also demands high precision, responsibility, and the ability to communicate complex risks clearly to colleagues and clients. The lack of clear forecasts from authorities makes it difficult to precisely assess future supply and demand, but the profession remains stable on the job market.

Tips for aspiring insurance risk engineers

To succeed as an insurance risk engineer, it’s beneficial to combine analytical sharpness with a strong interest in technology and safety. The first step is to pursue a technical or scientific university degree, preferably complemented with courses in risk management and insurance. Being communicative and pedagogical facilitates collaboration with colleagues and clients, especially when explaining complex risks. Precision and a structured work approach are crucial for correctly identifying and documenting risks. Flexibility and the ability to adapt quickly to new situations help with rapid changes in the industry. Active networking through internships or industry events increases the chances of entering the job market and gaining insight into the profession’s daily work.

Key facts about insurance risk engineers

  • Average salary: 51 300 SEK/month
  • Salary range: 42,300–65,700 SEK/month
  • Education level: Post-secondary education (3–5 years)
  • Gender pay gap: Women earn 85% of men's salary
  • Number of job openings: 758

Career paths and future prospects

After three to five years in the profession, an insurance risk engineer can advance to senior roles, such as chief risk engineer, specialist in industrial risk assessment, or project manager for major client assignments. There are also opportunities to work in industry training or transition into consultancy. Some choose to specialize in areas such as environmental risks, cyber risks, or fire and safety issues. Forecasts from the Employment Service do not provide an exact assessment for this job title due to limited data, but the industry shows stable demand and a large number of vacancies in related fields. Technological development and increased societal demands for risk management suggest good future prospects.

Common questions about insurance risk engineers

  • What is the salary of an insurance risk engineer?
    - The average salary is 51 300 SEK per month, with a range from 42,300 SEK to 65,700 SEK.
  • What are the gender differences within the profession?
    - Men earn on average 55 600 SEK and women 47 200 SEK, which means women earn approximately 85% of men's salaries.
  • What education is required to become an insurance risk engineer?
    - Post-secondary education, often in engineering, science, or social sciences, is recommended.
  • What is the job market like for risk engineers?
    - There are 758 job openings, indicating strong demand.
  • What are the duties of a risk engineer?
    - Risk assessment, site visits, report writing, and advising clients on safety measures.
  • Are there opportunities for career development?
    - Yes, pathways include managerial roles, specialist positions, and consultancy or training work.
  • What benefits are usually offered?
    - Occupational pension, wellness allowance, bonuses, remote work, and further education opportunities are common benefits.

Richard Andersson

Richard Andersson - 2025-07-10 11:50:59

Occupation
Who has the highest salary?
The highest salary for a Risk engineer, insurance is 65700 kr. This salary belongs to a man working in the Privately employed officials with a post-secondary education, 3 years or more. The highest salary for a woman in this profession is 56100 kr.
Who has the lowest salary?
The lowest salary for a Risk engineer, insurance is 42300 kr. This salary belongs to a woman also working in the Private sector. The lowest salary for a man in this profession is 48300 kr.
Salary distributed by age and sector
Age Women's salary as a percentage of men's Base salary Monthly salary
18-24 97% 28900 kr 30300 kr
25-34 92% 40000 kr 41500 kr
35-44 85% 52600 kr 54400 kr
45-54 77% 59000 kr 61300 kr
55-64 76% 58900 kr 61300 kr
Snitt 85% 49500 kr 51300 kr
* Empty columns indicate that the statistical data was insufficient to allow for a statistically significant conclusion.
Salary per sector
Salary based on education
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About the data

All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.

All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.

Profession Risk engineer, insurance has the SSYK code 3321, which we use to match against the SCB database to obtain the latest salary statistics.

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