$56,715
Avg. Salary
$28.00
Avg. Hourly Rate

Average additional compensation:

$2,065

Bonus

$3,300

Profit Sharing

$2,650

Commission

What am I worth?
How should I pay?

The average pay for an Insurance Underwriter, Commercial Property with Commercial skills is $28.00 per hour.

The average pay for an Insurance Underwriter, Commercial Property with Commercial skills is $56,715 per year.

10%
$0.00
10%
$28.00
50%
$0.00
90%
90%
MEDIAN $28.00
10%
$46k
10%
$57k
50%
$95k
90%
90%
MEDIAN $56,715
$45,570 - $95,391
$46K
$57K
$95K
MEDIAN: $56,715
10%
50%
90%

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$0$95K
Salary $45,570 - $95,391
Bonus $981 - $9,696
Profit Sharing $3,300
Commission $2,650
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).
)
$45,937 - $93,814
  • Country: United States
  • Currency: USD
  • Updated: 22 Mar 2019
  • Individuals Reporting: 67

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.

Insurance Underwriter, Commercial Property Job Listings

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.
1-4 years
30%
5-9 years
10%
10-19 years
37%
20 years or more
24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

1-4 years
30%
5-9 years
10%
10-19 years
37%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 77%
vision benefits
Vision: 67%
no benefits
None: 14%