Insurance Underwriter, Commercial Property Salary

The average salary for an Insurance Underwriter, Commercial Property is $56,533 per year. The skills that increase pay for this job the most are Risk Management / Risk Control and Microsoft Excel.

$42,422 - $92,230
$42K
$57K
$92K
MEDIAN: $56,811
10%
50%
90%

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$14.79 - $24.83
$15
$19
$25
MEDIAN: $18.99
10%
50%
90%

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$0$93K
Salary $42,422 - $92,230
Bonus $847 - $11,562
Profit Sharing $0.00 - $7,830
Commission $3,052
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).
)
$41,502 - $93,054
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 265
Hourly Data $0$39
Hourly Rate $14.79 - $24.83
Overtime $29.73
Annual Data $0$93K
Bonus $847 - $11,562
Commission $3,052
Profit Sharing $0.00 - $7,830
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).
)
$41,502 - $93,054
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 20

Job Description for Insurance Underwriter, Commercial Property

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 must be strictly followed. For this reason, insurance underwriters for commercial properties must be detail-oriented and need to document all information and processes.

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Insurance Underwriter, Commercial Property 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.

Common Career Paths for Insurance Underwriter, Commercial Property


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Insurance Underwriter, Commercial Property Job Listings

Popular Employer Salaries for Insurance Underwriter, Commercial Property

Popular Skills for Insurance Underwriter, Commercial Property

Pay by Experience Level for Insurance Underwriter, Commercial Property

Pay by Experience for an Insurance Underwriter, Commercial Property has a positive trend. An entry-level Insurance Underwriter, Commercial Property with less than 5 years of experience can expect to earn an average total compensation of $55,000 based on 160 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter, Commercial Property with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 87 salaries. An experienced Insurance Underwriter, Commercial Property which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $62,000 based on 91 salaries. An Insurance Underwriter, Commercial Property with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $71,000 based on 43 salaries.

Pay Difference by Location

National Average: $58,564

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

Insurance Underwriter, Commercial Property Reviews

Q: What is it like working as an Insurance Underwriter, Commercial Property?

Insurance Underwriter, Commercial Property in Atlanta:
Pros: I am able to work remotely.
Cons: Poor management.

Related Job Salaries

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.
Less than 1 year
5%
1-4 years
39%
5-9 years
16%
10-19 years
24%
20 years or more
15%

Experience Affects Insurance Underwriter, Commercial Property Salaries

Late-Career
▲22%

▲6%

▲2%

National Average
$59,000

▼6%

Skills That Affect Insurance Underwriter, Commercial Property Salaries


Microsoft Excel
▲11%

Commercial
▲6%

▲1%

Financial Analysis
▲1%

National Average
$59,000

Customer Service
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
5%
1-4 years
39%
5-9 years
16%
10-19 years
24%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 74%
vision benefits
Vision: 64%
no benefits
None: 11%