The average salary for an Insurance Underwriter, Commercial Property is $55,264 per year. The skills that increase pay for this job the most are Commercial, Risk Management / Risk Control, and Microsoft Excel.

$40,853 - $88,288
(Median)
$41K
$55K
$88K
MEDIAN: $55,264
10%
50%
90%

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$10.26 - $22.69
(Median)
$10
$18
$23
MEDIAN: $17.00
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$31K$62K$93K
Salary
$40,853 - $88,288  
   
Bonus
$841 - $14,822  
Profit Sharing
$0.00 - $8,054  
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).
)
$39,033 - $92,888  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 301
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$16$32$48
Hourly Rate
$10.26 - $22.69  
   
Overtime
$26.69  
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$32K$64K$96K
Bonus
$841 - $14,822  
   
Commission
$3,000  
Profit Sharing
$0.00 - $8,054  
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).
)
$39,033 - $92,888  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 21
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Job Description for Insurance Underwriter, Commercial Property

The essential function of a insurance underwriters for commercial properties is to determine risk factors and then write and present policies to agencies, using critical thinking skills to improve client retention. Generally, the underwriter holds a full-time position that requires a bachelor's degree in a relevant field. They need excellent knowledge of relevant laws and statutes pertaining to the insurance offerings. Many companies have a set of standards in place related to underwriting that must be strictly followed. For this reason, insurance underwriters for commercial properties must be detail-oriented and need to document all information and processes.

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Insurance Underwriter, Commercial Property 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.

Common Career Paths for Insurance Underwriter, Commercial Property


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Popular Employer Salaries for Insurance Underwriter, Commercial Property

Popular Skills for Insurance Underwriter, Commercial Property

Pay by Experience Level for Insurance Underwriter, Commercial Property

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

Pay Difference by Location

National Average: $55,837

Larger city markers indicate a job is popular in that location.

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Experience Affects Insurance Underwriter, Commercial Property Salaries

Late-Career
up arrow 26%

Experienced
up arrow 12%

Mid-Career
up arrow 5%

National Average
$56,000


Skills That Affect Insurance Underwriter, Commercial Property Salaries

Commercial
up arrow 22%

Risk Management / Risk Control
up arrow 18%

Microsoft Excel
up arrow 16%

Financial Analysis
up arrow 6%

Insurance
up arrow 3%

National Average
$56,000

Customer Service
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
6%
1-4 years
38%
5-9 years
19%
10-19 years
25%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 79%
medical benefits
Vision: 68%
dental benefits
None: 8%
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