Insurance Underwriter, Casualty Salary

An average Casualty Insurance Underwriter in the United States can expect to take home roughly $63K per year. Including potential for bonuses and profit sharing — peaking near $12K and $15K, respectively — total cash payment to Casualty Insurance Underwriters can bottom out near $41K or peak near $111K depending on individual performance. Residence and tenure each impact pay for this group, with the former having the largest influence. Women Casualty Insurance Underwriters who took the survey just slightly outnumber men. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Work is enjoyable for Casualty Insurance Underwriters, who typically claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$41,171 - $102,556
$41K
$63K
$100K
MEDIAN: $63,307
10%
50%
90%

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$18.51 - $26.41
$20
MEDIAN: $19.77
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$41,171 - $102,556  
   
Bonus
$1,648 - $12,146  
Profit Sharing
$152.05 - $14,795  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,522 - $110,834  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 107
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$19.77  
   
Overtime
$52.25  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$1,648 - $12,146  
   
Profit Sharing
$152.05 - $14,795  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,522 - $110,834  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 9

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United States (change)

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Job Description for Insurance Underwriter, Casualty

An casualty insurance underwriter works to assess what risks to assign to insurance applications based on property such as cars, homes, businesses, and the like. Property and casualty underwriters typically specialize either in personal insurance or commercial policies. Generally, those in this position receive applications for insurance and identify the levels at which the insurer can afford to underwrite risks, and at what premium level the company can manage.

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Insurance Underwriter, Casualty Tasks

  • Underwrite, submit, approve or pend loans, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.

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Pay by Experience Level for Insurance Underwriter, Casualty

Median of all compensation (including tips, bonus, and overtime) by years of experience.


The average beginner in this position makes around $57K, but folks who have been around for five to 10 years see a markedly higher median salary of $75K. Casualty Insurance Underwriters bring in $71K after working for 10 to 20 years. Average wages for folks with more than 20 years of experience come out to around $85K.

Related Job Salaries

Key Stats for Insurance Underwriter, Casualty

Gender

Female
54 %
Male
46 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.
Less than 1 year
3%
1-4 years
31%
5-9 years
21%
10-19 years
33%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Underwriter, Casualty Salaries

Late-Career
▲33%

Mid-Career
▲17%

Experienced
▲11%

National Average
$64,000

Entry-Level
▼12%

Skills That Affect Insurance Underwriter, Casualty Salaries

Negotiation
▲27%

Risk Management / Risk Control
▲27%

Financial Analysis
▲24%

National Average
$64,000

Insurance
▼16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
3%
1-4 years
31%
5-9 years
21%
10-19 years
33%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 74%
vision benefits
Vision: 65%
dental benefits
None: 9%
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