Salary for Insurance Underwriters
Also known as: Automobile and Property Underwriter, Bond Underwriter, Insurance Analyst, Insurance Underwriter, Insurance Writer, Underwriting Account Representative, Underwriting Service Representative
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Insurance underwriters evaluate the risk of ensuring clients on a case by case basis. They may choose to reject applications, or to decrease policy values and insurer liability based on their findings. If risk is high, they may review an existing claimant's file to determine eligibility for and to reauthorize insurance. Additionally, these professionals may communicate with field representatives, medical personnel and review existing documentation in order to determine acceptable levels of risk for the insurance company. Considerable preparation, often including a four-year degree, is required for this occupation.A Insurance Underwriter can expect a wage between $43,210 to $129,550 depending on education and experience. will normally receive a salary of eigthy thousand three hundred and ninety dollars on a yearly basis.
receive the highest salary in New York, where they get an average salary rate of near $104,230. People in this career receive the best pay in Finance and Insurance, where they can get pay of $80,830.
The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 48.43 percent nationwide in that time.
Insurance Underwriters tend to make the most in the following industries:
In general, they earn less within the industries below: