Insurance Underwriter, Casualty Salary

With just over a half of Casualty Insurance Underwriters in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $40K to $127K per year and averages out to $65K annually. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a fair number. The majority of workers are highly satisfied with their job. Women make up a slight majority of Casualty Insurance Underwriters (55 percent) survey respondents. Participants in PayScale's salary questionnaire provided the particulars of this report.

$40,575 - $113,590
$41K
$65K
$110K
MEDIAN: $64,872
10%
50%
90%

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$10.07 - $37.75
$10
$20
$38
MEDIAN: $19.56
10%
50%
90%

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$0$127K
Salary $40,575 - $113,590
Bonus $1,670 - $11,000
Profit Sharing $3,500
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).
)
$40,223 - $127,478
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 100
Hourly Data $0$52
Hourly Rate $10.07 - $37.75
Overtime $52.25
Annual Data $0$127K
Bonus $1,670 - $11,000
Profit Sharing $3,500
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).
)
$40,223 - $127,478
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 10

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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

  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, 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.

Insurance Underwriter, Casualty Job Listings

Pay by Experience Level for Insurance Underwriter, Casualty

Pay by Experience for an Insurance Underwriter, Casualty has a positive trend. An entry-level Insurance Underwriter, Casualty with less than 5 years of experience can expect to earn an average total compensation of $57,000 based on 51 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter, Casualty with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $75,000 based on 36 salaries. An experienced Insurance Underwriter, Casualty which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $71,000 based on 42 salaries. An Insurance Underwriter, Casualty with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $85,000 based on 15 salaries.

Related Job Salaries

Key Stats for Insurance Underwriter, Casualty

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.
Less than 1 year
2%
1-4 years
28%
5-9 years
16%
10-19 years
41%
20 years or more
13%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Underwriter, Casualty Salaries

Late-Career
▲29%

Mid-Career
▲13%

Experienced
▲8%

National Average
$66,000

Entry-Level
▼14%

Skills That Affect Insurance Underwriter, Casualty Salaries

Negotiation
▲23%

Risk Management / Risk Control
▲23%

Financial Analysis
▲21%

National Average
$66,000

Insurance
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
16%
10-19 years
41%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 77%
vision benefits
Vision: 72%
no benefits
None: 7%
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