Average Insurance Underwriter Salary

$58,359
Avg. Base Salary (USD)
10%
$41k
MEDIAN
$58k
90%
$86k

The average salary for an Insurance Underwriter is $58,359

Base Salary
$41k - $86k
Bonus
$994 - $12k
Profit Sharing
$990 - $10k
Commission
$4k - $18k
Total Pay
$39k - $89k
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What Do Insurance Underwriters Do?

Insurance Underwriter 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.
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Job Satisfaction for Insurance Underwriter

3.8 out of 5
(215)
Highly Satisfied
19Reviews
Based on 215 responses, the job of Insurance Underwriter has received a job satisfaction rating of 3.75 out of 5. On average, Insurance Underwriters are highly satisfied with their job.

Gender Breakdown

Female
57.8%
Male
41.4%
Prefer to self-define
0.8%
This data is based on 529 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Medical

85%

Dental

79%

Vision

72%

None

13%