Average Experienced Insurance Underwriter Salary in Philadelphia, Pennsylvania

$80,680
Avg. Salary
$7,000
Bonus
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The average salary for an Experienced Insurance Underwriter in Philadelphia, Pennsylvania is $80,680.
25%
$68k
MEDIAN
$81k
75%
$108k
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United States (change)
Salary
$68k - $108k
Bonus
$0 - $7k
Total Pay
$71k - $124k

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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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Pay by Experience Level for Insurance Underwriter

An early career Insurance Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,252 based on 9 salaries. A mid-career Insurance Underwriter with 5-9 years of experience earns an average total compensation of $65,000 based on 5 salaries.
Employees with .NET Software Developer / Programmer in these locations earn less than the national average. The lowest salaries can be found in Virginia Beach, Virginia (38.0% less), Houston, Texas (32.4% less) and San Antonio, Texas (20.7% less).

Years of Experience

This data is based on 14 survey responses.
Early Career
64.3%
Mid Career
35.7%