Average Insurance Underwriter Salary in Schaumburg, Illinois

$58,429
Avg. Salary
$5,000
Bonus
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The average salary for an Insurance Underwriter in Schaumburg, Illinois is $58,429.
25%
$51k
MEDIAN
$58k
75%
$78k
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United States (change)
Salary
$51k - $78k
Bonus
$0 - $5k
Total Pay
$52k - $81k

Your Market Worth Over Time

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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 Financial Analysis and Insurance are correlated to pay that is above average. Skills that pay less than market rate include Risk Management / Risk Control.
Employees with Insurance Underwriter in their job title in San Francisco, California earn an average of 30.1% more than the national average. These job titles also find higher than average salaries in New York, New York (28.5% more) and Los Angeles, California (11.8% more). The lowest salaries can be found in Detroit, Michigan (5.9% less).

Years of Experience

This data is based on 4 survey responses.
Mid Career
100.0%