Average Insurance Underwriter with Commercial Skills Salary in Chicago, Illinois

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The average salary for an Insurance Underwriter with Commercial skills in Chicago, Illinois is $61,426.
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United States (change)
$43k - $125k
$2k - $10k
Total Pay
$43k - $130k

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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 and Financial Analysis 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 New York, New York earn an average of 69.1% more than the national average. These job titles also find higher than average salaries in San Francisco, California (16.4% more) and Atlanta, Georgia (6.5% more). The lowest salaries can be found in Sheboygan, Wisconsin (25.4% less), Austin, Texas (10.5% less) and Denver, Colorado (8.5% less).

Years of Experience

This data is based on 6 survey responses.