Avg. Base Salary (USD)
The average salary for an Insurance Underwriter, Commercial Property is $61,294
What is the Pay by Experience Level for Insurance Underwriter, Commercial Properties?
An entry-level Insurance Underwriter, Commercial Property with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $45,795 based on 16 salaries. An early career Insurance Underwriter, Commercial Property with 1-4 years of experience earns an average total …Read more
What Do Insurance Underwriter, Commercial Properties Do?
The essential function of a insurance underwriters for commercial properties is to determine risk factors and then write and present policies to agencies, using critical thinking skills to improve client retention. Generally, the underwriter holds a full-time position that requires a bachelor's degree in a relevant field. They need excellent knowledge of relevant laws and statutes pertaining to the insurance offerings. Many companies have a set of standards in place related to underwriting that …Read more
- 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.