An Insurance Underwriter earns an average salary of $52,884 per year. A skill in Commercial is associated with high pay for this job.
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$38,329 - $81,607
(Median)
$38K
$53K
$82K
MEDIAN: $52,884
10%
50%
90%

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$11.74 - $25.82
(Median)
$12
$18
$26
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$28K$56K$84K
Salary
$38,329 - $81,607  
   
Bonus
$483.95 - $10,768  
Profit Sharing
$0.00 - $8,081  
Commission
$153.19 - $14,681  
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).
)
$35,841 - $83,852  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 695
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$14$28$42
Hourly Rate
$11.74 - $25.82  
   
Overtime
$1.11 - $35.23  
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$28K$56K$84K
Bonus
$483.95 - $10,768  
   
Commission
$153.19 - $14,681  
Profit Sharing
$0.00 - $8,081  
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).
)
$35,841 - $83,852  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 96
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Job Description for Insurance Underwriter

An insurance underwriter helps assess risks, analyze payment and premiums related to those risks, and determine if a business or entity should be insured. Insurance underwriters typically work in an insurance company and must have strong accounting and statistical analysis skills.

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Insurance Underwriter 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


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Insurance Underwriter Job Listings

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Popular Employer Salaries for Insurance Underwriter

Popular Skills for Insurance Underwriter

Pay by Experience Level for Insurance Underwriter

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

Pay Difference by Location

National Average: $52,596

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

Insurance Underwriter Reviews

What is it like working as an Insurance Underwriter?

Insurance Underwriter in Pottstown:
"Commercial Lines Underwriter."
Pros: Good use of analytical skills. Many opportunities to solve unique problems. Great pay with the right company. Easy to find work with experience.
Cons: Sometimes we are required to wear too many hats. Underwriters are now expected to perform marketing tasks, answer accounting questions, help with premium audits or risk control surveys. The companies basically want you to earn your salary so the responsibilities pile up.

Related Job Salaries

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Experience Affects Insurance Underwriter Salaries




National Average
$53,000


Skills That Affect Insurance Underwriter Salaries



Customer Relationship Management (CRM)
up arrow 8%

Risk Management / Risk Control
up arrow 2%

Insurance
0%

National Average
$53,000

Underwriting
up arrow 1%

Data Analysis
up arrow 11%

Customer Service
up arrow 13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 104 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
7%
1-4 years
35%
5-9 years
20%
10-19 years
24%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 73%
medical benefits
Vision: 63%
dental benefits
None: 13%
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