$103,669
Avg. Salary
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The average pay for an Underwriter is $103,669 per year. Most people move on to other jobs if they have more than 20 years' experience in this field.

$66,977 - $161,725
$67K
$100K
$160K
MEDIAN: $103,669
10%
50%
90%
$0$259K
Salary $66,977 - $161,725
Bonus $2,027 - $80,879
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).
)
$69,038 - $259,072
  • Country: Bermuda
  • Currency: USD
  • Updated: 17 Jul 2018
  • Individuals Reporting: 13

Job Description for Underwriter

Underwriters work primarily in banks which handle loans and mortgages and are responsible for analyzing the risks of a loan based on the data in the application. They also oversee other information in the loan application to ensure it is accurate.

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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.

Underwriter Pay By Employer

$0$112K

$60,308

$68,755

$46,303

$69,249

Aetna, Inc.
25 profiles
$51,230

$59,197

$63,099

ACE Group
23 profiles
$60,544

$52,635

$53,109

Underwriter Job Listings

Pay Difference by Location

National Average: $149,929

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

Key Stats for Underwriter

Gender

Female
71 %
Male
29 %
1-4 years
31%
5-9 years
23%
10-19 years
46%

Experience Affects Underwriter Salaries

▲10%

National Average
$150,000

▼37%

Gender

Female
71 %
Male
29 %

Years of Experience

1-4 years
31%
5-9 years
23%
10-19 years
46%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 100%
vision benefits
Vision: 90%
no benefits
None: