Average Insurance Underwriter with Risk Management / Risk Control Skills Salary in Chicago, Illinois

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The average salary for an Insurance Underwriter with Risk Management / Risk Control skills in Chicago, Illinois is $59,664.
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United States (change)
$41k - $85k
$1k - $15k
Total Pay
$44k - $100k

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Job Description for Insurance Underwriter

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.

Insurance Underwriter Job Listings

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Popular Skills for Insurance Underwriter

Skills in Insurance, Commercial and Financial Analysis are correlated to pay that is above average.
Employees with Insurance Underwriter in their job title in New York, New York earn an average of 48.3% more than the national average. These job titles also find higher than average salaries in San Francisco, California (20.7% more) and Houston, Texas (10.3% more). The lowest salaries can be found in Phoenix, Arizona (12.7% less), Austin, Texas (7.9% less) and Charlotte, North Carolina (6.4% less).

Years of Experience

This data is based on 8 survey responses.
Early Career