Average Insurance Underwriter with Financial Analysis Skills Salary

$58,728
Avg. SalaryShow Hourly Rate
$4,200
Bonus
$4,000
Profit Sharing
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The average salary for an Insurance Underwriter with Financial Analysis skills is $58,728.
10%
$44k
MEDIAN
$59k
90%
$90k
Is Insurance Underwriter your job title? Find out what you should be paid

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United States (change)
Salary
$44k - $90k
Bonus
$1k - $9k
Profit Sharing
$2k - $7k
Total Pay
$43k - $97k

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 Commercial are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis, Customer Service, Risk Management / Risk Control and Insurance.

Pay by Experience Level for Insurance Underwriter

An entry-level Insurance Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $50,000 based on 12 salaries. An early career Insurance Underwriter with 1-4 years of experience earns an average total compensation of $56,875 based on 48 salaries. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of $61,538 based on 28 salaries. An experienced Insurance Underwriter with 10-19 years of experience earns an average total compensation of $60,760 based on 17 salaries. In their late career (20 years and higher), employees earn an average total compensation of $80,000.

Pay Difference by Location

Learn more about cost of living by city.
Employees with Insurance Underwriter in their job title in New York, New York earn an average of 47.2% more than the national average. These job titles also find higher than average salaries in Schaumburg, Illinois (22.6% more) and Chicago, Illinois (2.2% more).

Years of Experience

This data is based on 119 survey responses.
Entry Level
10.1%
Early Career
40.3%
Mid Career
23.5%
Experienced
14.3%
Late Career
11.8%