Insurance Underwriter

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October 30, 2016

Jobs

Insurance Underwriter Job Description

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

Insurance Underwriter Salary Statistics as of 2015

Average annual salary for a Insurance Underwriter is $49167 based on statistics in the U.S. as of 2015. The highest salary recorded was $76425. The lowest salary reported was $33394. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Insurance Underwriter is $24.45 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $38. The lowest hourly rate recorded was $16.61. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Insurance Underwriter are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $1750 from people with 15+ years of experience. The average bonus recorded was $976 from people with under 1 year of experience.

These are the highest paying states for a Insurance Underwriter. These numbers are based of the median annual salary as of 2015.
California – $39,596 – $82,434
Florida – $29,056 – $62,848
Massachusetts – $44,043 – $80,065
Michigan – $31,562 – $59,807
New York – $39,149 – $84,767
Pennsylvania – $35,895 – $76,085
Texas – $32,262 – $69,631

These are the highest paying cities for a Insurance Underwriter. These numbers are based of the median annual salary as of 2015.
New York, New York –
Los Angeles, California –
Dallas, Texas –
Philadelphia, Pennsylvania –
Phoenix, Arizona –
Minneapolis, Minnesota –
Hartford, Connecticut –

This chart outlines the average annual salary of a Insurance Underwriter from the past 5 years. In 2015 the average annual salary was $49167 while in 2007 it was just $45596.61

Job Outlook

Gender Statistics

Related Jobs

36%

64%

Based on our stats gathered across the U.S. 36% of Insurance Underwriters were males while 64% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Underwriter
$33,564 – $76,995
Customer Service Representative (CSR)
$19,509 – $41,572
Underwriting Assistant
$27,118 – $52,104

Future Jobs

Senior Underwriter
$48,823 – $99,069
Insurance Underwriter, Commercial Property
$32,507 – $81,181
Insurance Underwriter, Casualty
$33,058 – $89,875


Insurance Underwriter Jobs

 

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