$60,092
Avg. Salary
$20.00
Avg. Hourly Rate

Average additional compensation:

$4,876

Bonus

$2,750

Profit Sharing

$1,400

Commission

What am I worth?
How should I pay?

The average pay for an Insurance Underwriter, Commercial Property with Risk Management / Risk Control skills is $20.00 per hour.

The average pay for an Insurance Underwriter, Commercial Property with Risk Management / Risk Control skills is $60,092 per year.

10%
$15.00
10%
$20.00
50%
$21.68
90%
90%
MEDIAN $20.00
10%
$46k
10%
$60k
50%
$94k
90%
90%
MEDIAN $60,092
$45,722 - $94,368
$46K
$60K
$94K
MEDIAN: $60,092
10%
50%
90%

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$15.00 - $21.68
$20
MEDIAN: $20.00
50%

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$0$94K
Salary $45,722 - $94,368
Bonus $1,004 - $9,933
Profit Sharing $1,150 - $5,000
Commission $1,400
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).
)
$45,215 - $93,827
  • Country: United States
  • Currency: USD
  • Updated: 20 Mar 2019
  • Individuals Reporting: 121
Hourly Data $0$21
Hourly Rate $20.00
Annual Data $0$93K
Bonus $1,004 - $9,933
Commission $1,400
Profit Sharing $1,150 - $5,000
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).
)
$45,215 - $93,827
  • Country: United States
  • Currency: USD
  • Updated: 20 Mar 2019
  • Individuals Reporting: 7

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.

Insurance Underwriter, Commercial Property Job Listings

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.
Less than 1 year
5%
1-4 years
45%
5-9 years
14%
10-19 years
28%
20 years or more
9%

Experience Affects Insurance Underwriter, Commercial Property Salaries

Experienced
▲29%

Entry-Level
▲5%

National Average
$62,000

Mid-Career
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
5%
1-4 years
45%
5-9 years
14%
10-19 years
28%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 79%
vision benefits
Vision: 72%
no benefits
None: 9%