$67,961
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

$4,000

Bonus

$3,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for an Insurance Underwriter in Chicago, Illinois is {{pay}} per hour.

The average pay for an Insurance Underwriter in Chicago, Illinois is $67,961 per year.

$0.00
10%
$0.00
50%
$0.00
90%
MEDIAN $0.00
$41k
10%
$68k
50%
$91k
90%
MEDIAN $67,961
$40,547 - $90,604
$41K
$68K
$91K
MEDIAN: $67,961
10%
50%
90%

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$0$101K
Salary $40,547 - $90,604
Bonus $0.00 - $14,720
Profit Sharing $3,000
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).
)
$40,140 - $101,846
  • Country: United States
  • Currency: USD
  • Updated: 16 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 Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Insurance Underwriter Job Listings

Key Stats for Insurance Underwriter

Gender

Female
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.
1-4 years
36%
5-9 years
23%
10-19 years
28%
20 years or more
13%

Experience Affects Insurance Underwriter Salaries

Experienced
▲11%

Mid-Career
▲9%

National Average
$71,000

▼23%

Skills That Affect Insurance Underwriter Salaries

National Average
$71,000

Insurance
▼4%

Risk Management / Risk Control
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

1-4 years
36%
5-9 years
23%
10-19 years
28%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 67%
vision benefits
Vision: 67%
no benefits
None: 20%