Average Insurance Underwriter Salary in Schaumburg, Illinois

Average Insurance Underwriter Salary in Schaumburg, Illinois

$59,496
Avg. Base Salary (USD)
25%
$52k
MEDIAN
$59k
75%
$83k

The average salary for an Insurance Underwriter is $59,496

Base Salary
$52k - $83k
Bonus
$0 - $7k
Total Pay
$52k - $88k
Is Average Insurance Underwriter Salary in Schaumburg, Illinois your job title? Find out what you should be paid
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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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Gender Breakdown

Male
66.7%
Female
33.3%
This data is based on 3 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Medical

100%

Dental

100%

Vision

100%