The average salary for an Insurance Underwriter, Casualty is $68,642.
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$46k - $119k
$1k - $15k
$489 - $10k
$0 - $6k
$41k - $127k
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Job Description for Insurance Underwriter, Casualty
An casualty insurance underwriter works to assess what risks to assign to insurance applications based on property such as cars, homes, businesses, and the like. Property and casualty underwriters typically specialize either in personal insurance or commercial policies. Generally, those in this position receive applications for insurance and identify the levels at which the insurer can afford to underwrite risks, and at what premium level the company can manage. For property and casualty insura…Read more
Insurance Underwriter, Casualty 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.
Popular Employer Salaries for Insurance Underwriter, Casualty
Insurance Underwriter, Casualty Job Listings
Popular Skills for Insurance Underwriter, Casualty
Skills in Insurance, Risk Management / Risk Control, Negotiation and Technical Analysis are correlated to pay that is above average. Skills that pay less than market rate include Customer Service.
Pay by Experience Level for Insurance Underwriter, Casualty
An entry-level Insurance Underwriter, Casualty with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $56,337 based on 17 salaries. An early career Insurance Underwriter, Casualty with 1-4 years of experience earns an average total compensation of $60,106 based on 82 salaries. A mid-career Insurance Underwriter, Casualty with 5-9 years of experience earns an average total compensation of $76,143 based on 58 salaries. An experienced Insurance Underwriter, Casualty with 10-19 years of experience earns an average total compensation of $78,977 based on 68 salaries. In their late career (20 years and higher), employees earn an average total compensation of $86,897.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Insurance Underwriter, Casualty in their job title in Seattle, Washington earn an average of 57.3% more than the national average. These job titles also find higher than average salaries in New York, New York (41.5% more) and Los Angeles, California (38.4% more). The lowest salaries can be found in Philadelphia, Pennsylvania (9.1% less).
Years of Experience
This data is based on 251 survey responses.