The average Casualty Insurance Underwriter in the United States earns approximately $62K per year. Total cash earnings of Casualty Insurance Underwriters range from $40K on the low end to $108K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $12K and $15K, respectively. Geography and career length each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of workers are highly satisfied with their job. Women Casualty Insurance Underwriters who took the survey just slightly outnumber men. The data for this synopsis comes from respondents who took the PayScale salary survey.

$41,433 - $98,842
$41K
$62K
$99K
MEDIAN: $62,211
10%
50%
90%

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$10.14 - $37.48
$10
$19
$37
MEDIAN: $19.35
10%
50%
90%

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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
$41,433 - $98,842  
   
Bonus
$779 - $12,196  
Profit Sharing
$151.01 - $14,899  
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).
)
$40,108 - $107,843  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 111
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
$10.14 - $37.48  
   
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
$779 - $12,196  
   
Profit Sharing
$151.01 - $14,899  
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).
)
$40,108 - $107,843  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 11

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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.


Salaries for the relatively untried average out to around $57K, but survey participants with five to 10 years of experience earn a significantly higher median of $73K. Casualty Insurance Underwriters bring in $72K after working for 10 to 20 years. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $78K.

Related Job Salaries

Key Stats for Insurance Underwriter, Casualty

Gender

Female
56 %
Male
44 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.
033
Less than 1 year
2%
1-4 years
33%
5-9 years
20%
10-19 years
34%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Insurance Underwriter, Casualty Salaries

Late-Career
up arrow 26%

Mid-Career
up arrow 17%

Experienced
up arrow 16%

National Average
$62,000

Entry-Level
up arrow 8%

Skills That Affect Insurance Underwriter, Casualty Salaries

Risk Management / Risk Control
up arrow 31%

Negotiation
up arrow 30%

Financial Analysis
up arrow 28%

National Average
$62,000

Insurance
up arrow 16%

Job Satisfaction

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

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
2%
1-4 years
33%
5-9 years
20%
10-19 years
34%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 77%
vision benefits
Vision: 67%
dental benefits
None: 8%
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