Insurance Underwriter, Casualty Salary

Casualty Insurance Underwriters in the United States with more than 10 years of experience in their profession represent a little over a half of Casualty Insurance Underwriters. Salaries average out to around $64K per year and spread from $40K to $127K per year. Geographic location and career length each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a fair number earn dental coverage. Women Casualty Insurance Underwriters who took the survey just slightly outnumber men. Job satisfaction is high and work is enjoyable for most Casualty Insurance Underwriters. This overview is based on answers to PayScale's salary questionnaire.

$42,954 - $98,650
$43K
$63K
$99K
MEDIAN: $62,943
10%
50%
90%

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$13.39 - $31.11
$13
$19
$31
MEDIAN: $19.11
10%
50%
90%

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$0$105K
Salary $42,954 - $98,650
Bonus $820 - $11,112
Profit Sharing $201 - $10,137
Commission $3,000
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).
)
$40,767 - $105,424
  • Country: United States
  • Currency: USD
  • Updated: 17 Jan 2018
  • Individuals Reporting: 214
Hourly Data $0$60
Hourly Rate $13.39 - $31.11
Overtime $41.25
Annual Data $0$105K
Bonus $820 - $11,112
Commission $3,000
Profit Sharing $201 - $10,137
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).
)
$40,767 - $105,424
  • Country: United States
  • Currency: USD
  • Updated: 17 Jan 2018
  • Individuals Reporting: 18

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.

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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.

Insurance Underwriter, Casualty Job Listings

Pay by Experience Level for Insurance Underwriter, Casualty

Pay by Experience for an Insurance Underwriter, Casualty has a positive trend. An entry-level Insurance Underwriter, Casualty with less than 5 years of experience can expect to earn an average total compensation of $57,000 based on 51 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter, Casualty with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $75,000 based on 36 salaries. An experienced Insurance Underwriter, Casualty which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $71,000 based on 42 salaries. An Insurance Underwriter, Casualty with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $85,000 based on 15 salaries.

Related Job Salaries

Key Stats for Insurance Underwriter, Casualty

Gender

Female
57 %
Male
43 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.
Less than 1 year
3%
1-4 years
29%
5-9 years
23%
10-19 years
32%
20 years or more
13%

Experience Affects Insurance Underwriter, Casualty Salaries

Late-Career
▲34%

Mid-Career
▲18%

Experienced
▲12%

National Average
$64,000

Entry-Level
▼11%

Skills That Affect Insurance Underwriter, Casualty Salaries

Risk Management / Risk Control
▲28%

Negotiation
▲27%

Financial Analysis
▲25%

National Average
$64,000

Insurance
▼16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
3%
1-4 years
29%
5-9 years
23%
10-19 years
32%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 80%
vision benefits
Vision: 73%
no benefits
None: 8%