$59,706
Avg. Salary
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 Philadelphia, Pennsylvania is {{pay}} per hour.

The average pay for an Insurance Underwriter, Commercial Property in Philadelphia, Pennsylvania is $59,706 per year.

10%
$0.00
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50%
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90%
90%
MEDIAN $0.00
10%
$45k
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$60k
50%
$90k
90%
90%
MEDIAN $59,706
$45,310 - $90,390
$45K
$60K
$90K
MEDIAN: $59,706
10%
50%
90%

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$0$95K
Salary $45,310 - $90,390
Bonus $4,894
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).
)
$45,310 - $95,356
  • Country: United States
  • Currency: USD
  • Updated: 25 Feb 2019
  • Individuals Reporting: 10

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 Philadelphia, Pennsylvania

Philadelphia County, Pennsylvania
1,567,442
Male:
741,270 (47.3%)
Female:
826,172 (52.7%)
Philadelphia (/ˌfɪləˈdɛlfiə/) is the largest city in the Commonwealth of Pennsylvania and the fifth-most populous in the United States, with an estimated population in 2014 of 1,560,297. In the Northeastern United States, at the confluence of the Delaware and Schuylkill rivers, Philadelphia is the economic and cultural anchor of the Delaware Valley, a metropolitan area home to 7.2 million people and the eighth-largest combined statistical area in the United States. In 1682, William Penn founded the city to serve as capital of the Pennsylvania Colony. Philadelphia played an instrumental role in the American Revolution as a meeting place for the Founding Fathers of the United States, who signed the Declaration of Independence in 1776 and the Constitution in 1787. Philadelphia was one of the nation's capitals in the Revolutionary War, and served as temporary U.S. capital while Washington, D.C., was under construction. In the 19th century, Philadelphia became a major industrial center...
Philadelphia:
$41,233
Pennsylvania:
$55,702
$952
Philadelphia:
$150,700
Pennsylvania:
$170,600
6.6%

Insurance Underwriter, Commercial Property Job Listings

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
33 %
Male
67 %
1-4 years
70%
5-9 years
20%
10-19 years
10%

Gender

Female
33 %
Male
67 %

Years of Experience

1-4 years
70%
5-9 years
20%
10-19 years
10%

Common Health Benefits

medical benefits
Medical: 100%
dental benefits
Dental: 80%
vision benefits
Vision: 80%
no benefits
None: