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2021 Insurance Underwriters Salary Guide

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Insurance Underwriters Salary

Salary

$71.8K

Growth

-6%

Bright Outlook

Below Average

Green

No

Insurance Underwriters Job Description

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Also known as:

Account Underwriter, Automobile and Property Underwriter, Commercial Lines Underwriter, Health Underwriter, Life Underwriter, Personal Lines Underwriter, Underwriter, Underwriting Consultant

How Much Do Insurance Underwriters Make ? 2021

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $43,210 $54,850 $71,790 $97,820 $129,550
Hourly Wage $20.78 $26.37 $34.51 $47.03 $62.28

How Much Do Insurance Underwriters Make ? 2021

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$43,210
$54,850
$71,790
$97,820
$129,550
Hourly Wage
$20.78
$26.37
$34.51
$47.03
$62.28

Insurance Underwriters Tasks

  • Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
  • Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
  • Decline excessive risks.
  • Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
  • Evaluate possibility of losses due to catastrophe or excessive insurance.
  • Review company records to determine amount of insurance in force on single risk or group of closely related risks.
  • Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.
  • Authorize reinsurance of policy when risk is high.

What Activities Do Insurance Underwriters Do?

  • Assess financial status of clients.
  • Analyze health-related data.
  • Authorize financial actions.
  • Explain regulations, policies, or procedures.
  • Assess risks to business operations.
  • Verify accuracy of records.
  • Authorize financial actions.
  • Authorize financial actions.

Typical Insurance Underwriters Knowledge?

  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

What Are Typical Insurance Underwriters Abilities?

  • Written Comprehension - Reading and understanding what is written.
  • Written Expression - Communicating by writing.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Oral Expression - Communicating by speaking.
  • Deductive Reasoning - Using rules to solve problems.
  • Oral Comprehension - Listening and understanding what people say.
  • Speech Clarity - Speaking clearly.
  • Problem Sensitivity - Noticing when problems happen.

What Are Typical Insurance Underwriters Skills? 2021

  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Writing - Writing things for co-workers or customers.
  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Reading Comprehension - Reading work-related information.
  • Speaking - Talking to others.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.

What Are Typical Insurance Underwriters Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Investigative - Occupations with Investigative interests frequently involve working with ideas, and require an extensive amount of thinking. They often involve research and figuring out problems mentally.

What Is The Projected Employment For Insurance Underwriters ? 2021

Location 2019 Employment 2029 Employment Percent change Annual projected job openings
United States 114,700 107,600 -6% 7,300

What Is The Projected Employment For Insurance Underwriters ? 2021

Location
2019 Employment
2029 Employment
Percent change
Annual projected job openings
United States
114,700
107,600
-6%
7,300

What Is The Required Insurance Underwriters Education & Experience? 2021

  • Bachelor's degree
  • No work experience
  • 1 to 12 months on-the-job training

Insurance Underwriters Schools ?

School Program Name Location Length / Graduates
American College of Financial Services Insurance King Of Prussia, PA Less than one year: 502
Anderson University Actuarial Science Anderson, SC 4 years: 3
Appalachian State University Actuarial Science Boone, NC 4 years: 1
4 years: 19
Appalachian State University Insurance Boone, NC 4 years: 17
4 years: 33
Arcadia University Actuarial Science Glenside, PA 4 years: 15
Arizona State University-Tempe Actuarial Science Tempe, AZ 4 years: 12
Less than one year: 7
Ashland University Actuarial Science Ashland, OH 4 years: 1
4 years: 4
Assumption College Actuarial Science Worcester, MA 4 years: 3
Aurora University Actuarial Science Aurora, IL 4 years: 1
4 years: 5
Ball State University Actuarial Science Muncie, IN 4 years: 20
More than 4 years: 12

Insurance Underwriters Schools ?

School
Program Name
Location
Length / Graduates
Insurance
King Of Prussia, PA
Less than one year: 502
Actuarial Science
Anderson, SC
4 years: 3
Actuarial Science
Boone, NC
4 years: 1
4 years: 19
Insurance
Boone, NC
4 years: 17
4 years: 33
Actuarial Science
Glenside, PA
4 years: 15
Actuarial Science
Tempe, AZ
4 years: 12
Less than one year: 7
Actuarial Science
Ashland, OH
4 years: 1
4 years: 4
Actuarial Science
Worcester, MA
4 years: 3
Actuarial Science
Aurora, IL
4 years: 1
4 years: 5
Actuarial Science
Muncie, IN
4 years: 20
More than 4 years: 12

Insurance Underwriters Jobs Near Me .

Job Title Company Location Date Posted Federal Contractor
Account Executive, Excess Casualty Travelers Alpharetta, Georgia 08/04/2021 Yes
Account Manager (Frank Furman Insurance) Acrisure LLC Pompano Beach, Florida 08/04/2021 No
Account Manager- Personal Lines Risk Strategies Company Randolph, Massachusetts 08/04/2021 No
Account Manager, The Dentists Insurance Company California Dental Association Sacramento, California 08/03/2021 No
Agribusiness Underwriter Technician Combined Insurance 08/04/2021 No
Broker II - Financial Services Group Aon Corporation Denver, Colorado 08/04/2021 No
Business Center - Inland Marine Account Executive/Underwriter Travelers Centennial, Colorado 08/04/2021 Yes
Claims Examiner (Employment Practices - Pre-Lit) Chubb Jersey City, New Jersey 08/03/2021 No
Client Underwriting Consultant Senior Gallagher Rolling Meadows, Illinois 08/04/2021 No
Commercial Credit Services Underwriter Regions Bank Tampa, Florida 08/04/2021 Yes

Insurance Underwriters Jobs Near Me .

Location

Virtual, USA New York, NY Philadelphia, PA Hartford, CT Atlanta, GA Phoenix, AZ Columbus, OH Chicago, IL Austin, TX Albany, NY Columbia, SC Salt Lake City, UT Nashville, TN Madison, WI Charlotte, NC Boston, MA Trenton, NJ Sacramento, CA Richmond, VA Raleigh, NC Oklahoma City, OK Los Angeles, CA Harrisburg, PA Denver, CO Cincinnati, OH Baton Rouge, LA Annapolis, MD Washington, DC Topeka, KS Tampa, FL Tallahassee, FL Springfield, IL Salem, OR Saint Paul, MN Providence, RI Olympia, WA Montgomery, AL Little Rock, AR Lansing, MI Jefferson City, MO Irvine, CA Indianapolis, IN Honolulu, HI Frankfort, KY Des Moines, IA Dallas, TX Concord, NH Charleston, WV Carson City, NV San Antonio, TX Houston, TX Cleveland, OH Alpharetta, GA St. Louis, MO San Francisco, CA San Diego, CA Milwaukee, WI Miami, FL Louisville, KY Toledo, OH Hoboken, NJ Greenville, SC Grandview Heights, OH Winston Salem, NC St. Paul, MN Minneapolis, MN Woodbridge, NJ Wichita, KS Whitehouse Station, NJ St Louis, MO Springfield, MA Springdale, OH Spokane, WA Seattle, WA Round Rock, TX Reno, NV Pittsburgh, PA Parsippany, NJ Oradell, NJ Howell, MI Hoover, AL Eden Prairie, MN Centennial, CO Buffalo, NY Auburn Hills, MI Akron, OH Yonkers, NY Woodbury, NY Wilmington, OH Wilmington, NC Wi, USA Westerville, OH Wellesley, MA Waynesville, OH Walnut Creek, CA Waldorf, MD Village Of Clarkston, MI Ventura, CA Utica, NY Tuscaloosa, AL Tulsa, OK Tullahoma, TN Stockton, CA Sidney, OH Sewickley, PA Scottsdale, AZ Schaumburg, IL Santa Fe, NM San Marcos, TX San Juan, PR San Carlos, CA Salt Lake Cty, UT Salisbury, MD Salem, MA Rutherford, NJ Rolling Meadows, IL Rochester, MN Rehoboth Beach, DE Reading, PA Randolph, MA Radnor, PA Pompano Beach, FL Plymouth Meeting, PA Pierre, SD Owings Mills, MD Overland Park, KS Oswego, IL Orlando, FL Omaha, NE Novato, CA Nolensville, TN New York, USA New Orleans, LA New Braunfels, TX Morristown, NJ Montpelier, VT Monroe, OH Moab, UT Minnetonka, MN Minneapolis-St. Paul-Bloomington, MN Mclean, VA Mankato, MN Malvern, PA Lutherville, MD Loyalsock, PA Livonia, MI Littleton, CO Lincoln, NE Latham, NY Las Vegas, NV Kennett Square, PA Kennesaw, GA Kalamazoo, MI Juneau, AK Jersey City, NJ Jackson, MS Huntington, WV Horsham, PA Hockessin, DE Henderson, NV Helena, MT Greenwich, CT Great Neck, NY Grayson, GA Grand Rapids, MI Golden Valley, MN Glen Allen, VA Fredericksburg, VA Franklin Township, NJ Folsom, CA Findlay, OH Fairlawn, OH Fairfax, VA Elk Grove, CA El Paso, TX Dover, NH Dover, DE Detroit, MI Danbury, CT Cypress, CA Columbia, MD Colorado Springs, CO Clive, IA Clayton, MO Childress, TX Cheyenne, WY Carol Stream, IL Carlsbad, CA Burlington, VT Bridgeport, CT Brea, CA Boise, ID Bloomfield, CT Bismarck, ND Birmingham, AL Berkeley Heights, NJ Bend, OR Beaverton, OR Bakersfield, CA Augusta, ME Albuquerque, NM 120 Kearny Street ,Ca, USA
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Company

EY MassMutual Wells Fargo Ohio Living University of Pennsylvania Zurich NA Combined Insurance Wolters Kluwer Regions Bank AIG Gallagher The Hartford KPMG Lincoln Financial Group Travelers Aston Carter Chubb Hub International Risk Placement Services, Inc U.S. Bank Cadence Education Marsh & McLennan Cos Plymouth Rock Assurance The Auto Club Group Aon Corporation CVS Health Cigna M&T Bank National General Insurance Company PNC Risk Strategies Company USI Insurance Services UnitedHealth Group Acrisure LLC Berkley CAMBIA HEALTH SOLUTIONS, INC. Capital Farm Credit Comerica Management Co Inc. Spokane County The Hanover Insurance Company The Hanover Insurance Company The IMA Financial Group, Inc. Agriculture, Rural Development AmTrust Financial Services Aon Corporation Ascend Federal Credit Union Axis Ballard Spahr LLP Better.com CNA COMMUNITY BANK OF the Chesapeake CVS Health California Dental Association Capgemini CoBank Colorado State Comerica Community Bank of the Chesapeake CoreSite D.R. Horton, Inc. DealerPolicy Fifth Third Bank, N.A. HNI Risk Services Kaiser Permanente Kelly Services MARSH USA INC DE Mutual Of Omaha Insurance Co. Mutual of Omaha Insurance Co. NJEDA Northwestern Mutual PSG Global Solutions PenFed Credit Union Pentair, Inc. QBE The Americas Robert Half International SUN COMMUNITIES OPERATING LTD Salem Five Bank Service 1st Federal Credit Union Sparrow Partners Truist USAA Unbridled University of Iowa Community Credit Union Utica College Ventura County Vibe Credit Union Viking Client Services, LLC Willis Towers Watson YRC Freight
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Job Title
Company
Location
Date Posted
Federal Contractor
Travelers
Alpharetta, Georgia
08/04/2021
Yes
Acrisure LLC
Pompano Beach, Florida
08/04/2021
No
Risk Strategies Company
Randolph, Massachusetts
08/04/2021
No
California Dental Association
Sacramento, California
08/03/2021
No
Combined Insurance
08/04/2021
No
Aon Corporation
Denver, Colorado
08/04/2021
No
Travelers
Centennial, Colorado
08/04/2021
Yes
Chubb
Jersey City, New Jersey
08/03/2021
No
Gallagher
Rolling Meadows, Illinois
08/04/2021
No
Regions Bank
Tampa, Florida
08/04/2021
Yes

Insurance Underwriters 2021 Salary Guide By State

Common Careers