What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Insurance Underwriter, Casualty Salary

The average Casualty Insurance Underwriter in the United States can expect to rake in roughly $56K annually. Total cash earnings of Casualty Insurance Underwriters range from $37K on the low end to $92K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $9K, respectively. Residence is the biggest factor affecting pay for this group, followed by career length. Women make up a slight majority of Casualty Insurance Underwriters (59 percent) survey respondents. Medical benefits are awarded to most, and a strong majority earn dental coverage. For the most part, Casualty Insurance Underwriters enjoy their work and report high levels of job satisfaction.

$38,855 - $86,817
(Median)
$39K
$56K
$87K
MEDIAN: $56,418
10%
50%
90%

Add this chart to your site: 640px    300px

$10.67 - $20.32
(Median)
$11
$14
$20
MEDIAN: $14.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$31K$62K$93K
Salary
$38,855 - $86,817  
   
Bonus
$0.00 - $10,380  
Profit Sharing
$484.79 - $9,274  
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).
)
$37,205 - $92,205  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 245
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$10.67 - $20.32  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$0.00 - $10,380  
   
Profit Sharing
$484.79 - $9,274  
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).
)
$37,205 - $92,205  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 15

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click Here »

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.

Read More...

Insurance Underwriter, Casualty Tasks

  • 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.
  • Underwrite, submit, approve or pend loans, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.

Insurance Underwriter Job Listings

Search for more jobs:


Casualty Insurance Underwriters usually report a few specific skills. Most notably, facility with Negotiation, Financial Analysis, and Insurance are correlated to pay that is significantly above average, leading to increases of 43 percent, 40 percent, and 7 percent, respectively.

Pay by Experience Level for Insurance Underwriter, Casualty

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


Casualty Insurance Underwriters with a lot of experience do not necessarily enjoy more money. The average beginner in this position makes around $51K, but folks who have been around for five to 10 years see a markedly higher median salary of $60K. For Casualty Insurance Underwriters, 10 to 20 years of experience on the job amounts to an average salary of $64K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $71K, demonstrating that compensation is roughly commensurate with experience in the end.

Related Job Salaries

United States (change)

Experience Affects Insurance Underwriter, Casualty Salaries

Late-Career
up arrow 26%

Experienced
up arrow 12%

Mid-Career
up arrow 5%

National Average
$57,000

Entry-Level
up arrow 9%

Skills That Affect Insurance Underwriter, Casualty Salaries

Negotiation
up arrow 43%

Financial Analysis
up arrow 40%

Insurance
up arrow 7%

National Average
$57,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
27%
10-19 years
22%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 61% employee benefits None: 10%