$80,000
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

$9,500

Bonus

$6,500

Profit Sharing

What am I worth?
How should I pay?

The average pay for an Insurance Underwriter, Commercial Property in Chicago, Illinois is {{pay}} per hour.

The average pay for an Insurance Underwriter, Commercial Property in Chicago, Illinois is $80,000 per year.

10%
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50%
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90%
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MEDIAN $0.00
10%
$57k
10%
$80k
50%
$104k
90%
90%
MEDIAN $80,000

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.

About Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Insurance Underwriter, Commercial Property Job Listings

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
33 %
Male
67 %
1-4 years
44%
5-9 years
22%
10-19 years
22%
20 years or more
11%

Gender

Female
33 %
Male
67 %

Years of Experience

1-4 years
44%
5-9 years
22%
10-19 years
22%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 78%
vision benefits
Vision: 67%
no benefits
None: