Insurance Underwriter Salary in United States

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Average Salary for Insurance Underwriter in United States

The average salary of a(n) Insurance Underwriter in United States is $70,726.

The average hourly rate of a(n) Insurance Underwriter in United States is $34.00.

The average bonus of a(n) Insurance Underwriter in United States is $2,666.00.

Job Description:

Examines insurance applications to evaluate, classify, and rate individuals and groups for insurance, and accepts or declines applications, following establishment underwriting standards. Checks such documents as application form, inspection report, insurance maps, and medical reports to determine degree of risk from such factors as applicant financial standing, age, occupation, accident experience, and value and condition of property upon Audits company records to determine amount of insurance in force on single risk or group of closely related risks, and evaluates possibility of losses due to catastrophe or excessive insurance. Writes to field representatives, medical personnel, and other insurance or inspection companies to obtain further information, quote rates, or explain company underwriting policies. Declines excessive risks. Authorizes reinsurance of policy when risk is high. Decreases value of policy when risk is substandard to limit company obligation, and specifies applicable endorsements, or applies rating to ensure safe and profitable distribution of risks, using rate books, tables, code books, computer records, and other reference materials. Workers typically specialize by type of insurance coverage, such as life, health, property and liability, or multi-line insurance, and by individual or group underwriting. Within different types of coverage, workers may further specialize in areas, such as pension, workers' compensation, property, marine, automobile, homeowner, or fire. Less

Examines insurance applications to evaluate, classify, and rate individuals and groups for insurance, and accepts or declines applications, following establishment underwriting standards. Checks such documents as application form, inspection report, insurance maps, and medical reports to determine degree of risk... More

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Results for Insurance Underwriter in United States

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Mortgage insurance underwriting background preferred. United Guaranty Corporation has an opportunity for an Underwriter (UW) in its Mortgage Underwriting...

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Underwriting Assistant - New York, NY

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Assist underwriters in submission and underwriting preparation. 0-3+ years' experience in administration or insurance exposure an advantage....

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Claims Associate – Global Specialty – New York¸ NY - New York, NY

Liberty Mutual

Employee and Dependent life insurance. Discounts on automobile and homeowner's insurance. Liberty International Underwriters has an excellent claims opportunity...

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underwriter, commercial accounts - Rancho Cordova, CA

Travelers

Previous Commercial underwriting experience preferred Industry/Business Knowledge Understands the local insurance marketplace, industry business operations,...

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Personal Lines Underwriter - Bellevue, WA

Griffin Underwriting Services

About the Role- Personal Lines Underwriter. CPCU, CIC, and other insurance related designation/certification preferred....

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