Average Insurance Underwriter Salary at The Travelers Companies, Inc.

$64,500
Avg. Base Salary (USD)
10%
$45k
MEDIAN
$65k
90%
$103k

The average salary for an Insurance Underwriter is $64,500 in 2024

Base Salary
$45k - $103k
Bonus
$2k - $5k
Total Pay
$47k - $107k
Is Average Insurance Underwriter Salary at The Travelers Companies, Inc. your job title? Find out what you should be paid
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What is the Pay by Experience Level for Insurance Underwriters?

What Do Insurance Underwriters Do?

Insurance Underwriter Tasks
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, 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.
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FAQs About Insurance Underwriters

What is the highest pay for Insurance Underwriters?

Our data indicates that the highest pay for an Insurance Underwriter is $103k / year

What is the lowest pay for Insurance Underwriters?

Our data indicates that the lowest pay for an Insurance Underwriter is $45k / year

How can Insurance Underwriters increase their salary?

Increasing your pay as an Insurance Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Insurance Underwriter that oversees more junior Insurance Underwriters, this experience can increase the likelihood to earn more.