$72,034
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

$5,500

Bonus

$15,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for an Insurance Underwriter in New York, New York is {{pay}} per hour.

The average pay for an Insurance Underwriter in New York, New York is $72,034 per year.

$0.00
10%
$0.00
50%
$0.00
90%
MEDIAN $0.00
$54k
10%
$72k
50%
$139k
90%
MEDIAN $72,034
$53,829 - $138,926
$54K
$72K
$140K
MEDIAN: $72,034
10%
50%
90%

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$0$173K
Salary $53,829 - $138,926
Bonus $1,277 - $38,783
Profit Sharing $15,000
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).
)
$52,072 - $173,000
  • Country: United States
  • Currency: USD
  • Updated: 18 Jan 2019
  • Individuals Reporting: 38

Job Description for Insurance Underwriter

An insurance underwriter helps assess risks, analyze payment and premiums related to those risks, and determine if a business or entity should be insured. Insurance underwriters typically work in an insurance company and must have strong accounting and statistical analysis skills.

Read More...
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.

About New York, New York

Kings County, New York
8,550,405
Male:
4,081,698 (47.7%)
Female:
4,468,707 (52.3%)
The City of New York, often called New York City or simply New York, is the most populous city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, one of the most populous urban agglomerations in the world. With a U.S. Census Bureau-estimated 2015 population of 8,550,405 distributed over a land area of just 305 square miles (790 km2), New York is also the most densely populated major city in the United States. A global power city, New York City exerts a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and has been described as the cultural and financial capital of the world. Situated...
New York, NY:
$55,752
New York:
$60,850
$1,317
New York, NY:
$538,300
New York:
$293,500
4.7%

Insurance Underwriter Job Listings

Pay by Experience Level for Insurance Underwriter

Pay by Experience for an Insurance Underwriter has a positive trend. An entry-level Insurance Underwriter with less than 5 years of experience can expect to earn an average total compensation of $65,000 based on 10 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $99,000 based on 9 salaries. An experienced Insurance Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $103,000 based on 12 salaries. An Insurance Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $80,000 based on 7 salaries.

Key Stats for Insurance Underwriter

Gender

Female
48 %
Male
52 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.
Less than 1 year
3%
1-4 years
41%
5-9 years
23%
10-19 years
21%
20 years or more
13%

Experience Affects Insurance Underwriter Salaries

Experienced
▲38%

Mid-Career
▲32%

Late-Career
▲7%

National Average
$75,000

Entry-Level
▼13%

Skills That Affect Insurance Underwriter Salaries

Risk Management / Risk Control
▲38%

Commercial
▲27%

Financial Analysis
▲18%

National Average
$75,000

▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
23%
10-19 years
21%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 75%
vision benefits
Vision: 66%
no benefits
None: 6%