Average Underwriter Salary in Bermuda

$93,500
Avg. Salary
$8,000
Bonus
$12,000
Profit Sharing
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The average salary for an Underwriter in Bermuda is $93,500.
10%
BMD 48k
MEDIAN
BMD 94k
90%
BMD 162k
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Salary
$48k - $162k
Bonus
$3k - $81k
Profit Sharing
$0 - $12k
Total Pay
$51k - $259k
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What Do Underwriters Do?

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 Job Listings

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What Are Popular Skills for Underwriters?

What is the Pay by Experience Level for Underwriters?

An early career Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $78,500 based on 5 salaries. A mid-career Underwriter with 5-9 years of experience earns an average total compensation of $100,000 based on 5 salaries. An experienced Underwriter with 10-19 years of experience earns an average total compensation of $123,375 based on 4 salaries.

Years of Experience

This data is based on 14 survey responses.
Early Career
35.7%
Mid Career
35.7%
Experienced
28.6%