Salary for Insurance Underwriters
Also known as:
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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.An Insurance Underwriter receives an average salary of around 48000 - 72000 depending on seniority. Insurance Underwriters earn a salary of Sixty Five Thousand Three Hundred dollars on a yearly basis.
Insurance Underwriters can expect the most salary in Connecticut, where they earn job pay of close to $76700. Employees who work in this job can make the highest salaries in Other Services (except Public Administration), which has average pay scales of $65440.
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The national wage distribution is shown below. To overlay local salaries for an Insurance Underwriter, please select your state.
ANNUAL SALARY
HOURLY RATE
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SALARY TREND
The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 20.39 percent nationwide in that time.
INDUSTRIES
Insurance Underwriters tend to make the most in the following industries
| Finance and Insurance | $65,440 |
| Other Services (except Public Administration) | $64,520 |
| Management of Companies and Enterprises | $62,500 |
| Administrative, Support and Waste Management Services | $61,680 |
| Health Care and Social Assistance | $59,010 |
| Transportation and Warehousing | $57,090 |
In general, they earn less within the industries below
| Professional, Scientific, and Technical Services | $50,750 |
| Public Administration | $55,840 |
| Transportation and Warehousing | $57,090 |
| Health Care and Social Assistance | $59,010 |
| Administrative, Support and Waste Management Services | $61,680 |
| Management of Companies and Enterprises | $62,500 |
