$74,032
Avg. Salary
$22.50
Avg. Hourly Rate
Help us gather more data! Is Insurance Underwriter, Commercial Property your job title? Find out what you're worth.

The average pay for an Insurance Underwriter, Commercial Property in New York, New York is $22.50 per hour.

The average pay for an Insurance Underwriter, Commercial Property in New York, New York is $74,032 per year.

10%
$0.00
10%
$22.50
50%
$0.00
90%
90%
MEDIAN $22.50
10%
$49k
10%
$74k
50%
$175k
90%
90%
MEDIAN $74,032
$48,555 - $174,752
$49K
$74K
$170K
MEDIAN: $74,032
10%
50%
90%

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$0$175K
Salary $48,555 - $174,752
Bonus $2,424 - $28,704
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).
)
$46,540 - $175,171
  • Country: United States
  • Currency: USD
  • Updated: 23 Mar 2019
  • Individuals Reporting: 23

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.

Read More...
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 New York, New York

Kings County, New York
8,550,405
Male:
4,081,698 (47.7%)
Female:
4,468,707 (52.3%)
The City of New York, often called New York City or simply New York, is the most populous city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, one of the most populous urban agglomerations in the world. With a U.S. Census Bureau-estimated 2015 population of 8,550,405 distributed over a land area of just 305 square miles (790 km2), New York is also the most densely populated major city in the United States. A global power city, New York City exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and has been described as the cultural and financial capital of the world. Situated...
New York, NY:
$55,752
New York:
$60,850
$1,317
New York, NY:
$538,300
New York:
$293,500
4.7%

Insurance Underwriter, Commercial Property Job Listings

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
33 %
Male
67 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
4%
1-4 years
48%
5-9 years
12%
10-19 years
32%
20 years or more
4%

Experience Affects Insurance Underwriter, Commercial Property Salaries

Experienced
▲4%

National Average
$77,000

Mid-Career
▼2%

Entry-Level
▼7%

Skills That Affect Insurance Underwriter, Commercial Property Salaries

Risk Management / Risk Control
▲47%

Insurance
▲29%

National Average
$77,000

Job Satisfaction

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

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
4%
1-4 years
48%
5-9 years
12%
10-19 years
32%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 79%
vision benefits
Vision: 58%
no benefits
None: 11%