Average Underwriter Salary

$61,611
Avg. Base Salary (USD)
10%
$44k
MEDIAN
$62k
90%
$90k

The average salary for an Underwriter is $61,611

Base Salary
$44k - $90k
Bonus
$1k - $12k
Profit Sharing
$979 - $8k
Commission
$7k - $23k
Total Pay
$41k - $94k
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What is the Pay by Experience Level for Underwriters?

What Do Underwriters Do?

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.
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How do Underwriters Rate Their Jobs?

3.8 out of 5
(428)
Highly Satisfied
51Reviews
Based on 428 responses, the job of Underwriter has received a job satisfaction rating of 3.79 out of 5. On average, Underwriters are highly satisfied with their job.

FAQs About Underwriters

What is the highest pay for Underwriters?

Our data indicates that the highest pay for an Underwriter is $90k / year

What is the lowest pay for Underwriters?

Our data indicates that the lowest pay for an Underwriter is $44k / year

How can Underwriters increase their salary?

Increasing your pay as an Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Underwriter that oversees more junior Underwriters, this experience can increase the likelihood to earn more.