The average Casualty Insurance Underwriter in the United States earns approximately $61K annually. Final cash compensation to Casualty Insurance Underwriters varies from around $40K to approximately $107K; choice pay grades include potential for bonuses and profit sharing as high as $12K and $15K, respectively. Geography is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most Casualty Insurance Underwriters report high levels of job satisfaction.

$41,572 - $98,549
(Median)
$42K
$61K
$99K
MEDIAN: $61,282
10%
50%
90%

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$10.21 - $37.19
(Median)
$10
$19
$37
MEDIAN: $18.00
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
$41,572 - $98,549  
   
Bonus
$758 - $12,095  
Profit Sharing
$151.01 - $14,899  
Commission
$3,000  
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).
)
$39,644 - $107,374  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 113
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$26$52$78
Hourly Rate
$10.21 - $37.19  
   
Overtime
$76.00  
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$60K$120K$180K
Bonus
$758 - $12,095  
   
Commission
$3,000  
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).
)
$39,644 - $107,374  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 12
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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

  • 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.

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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 of relatively inexperienced workers fall in the neighborhood of $55K, but folks who have racked up five to 10 years see a notably higher median of $70K. Casualty Insurance Underwriters see a median salary of $70K after reaching one to two decades on the job. Casualty Insurance Underwriters who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $74K.

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Experience Affects Insurance Underwriter, Casualty Salaries

Late-Career
up arrow 21%

Mid-Career
up arrow 16%

Experienced
up arrow 15%

National Average
$61,000

Entry-Level
up arrow 9%

Skills That Affect Insurance Underwriter, Casualty Salaries

Risk Management / Risk Control
up arrow 34%

Negotiation
up arrow 33%

Financial Analysis
up arrow 31%

National Average
$61,000

Insurance
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
21%
10-19 years
33%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 74%
medical benefits
Vision: 63%
dental benefits
None: 11%
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