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 helps finance professionals find better paying jobs across all specialties and locations.

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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.
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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.
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