Underwriter Salary in Chicago, IL

Des Plaines, IL
Average Salary: $107,210
In Des Plaines, professionals have the chance to work for leading insurance firms. Companies like Allstate and GEICO offer dynamic environments. Employees often engage in risk assessment and policy evaluation.
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Schaumburg, IL
Average Salary: $97,825
Schaumburg boasts a thriving insurance sector. With employers like State Farm and UnitedHealth Group, individuals can find rewarding roles. Tasks typically involve analyzing data and making informed decisions to minimize risk.
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Naperville, IL
Average Salary: $85,296
Naperville is known for its vibrant business community. Underwriters here often work for companies such as The Hartford and Chubb. Their role includes evaluating insurance applications and determining premiums.
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Joliet, IL
Average Salary: $59,000
In Joliet, candidates can join the insurance industry with firms like Allstate and Berkshire Hathaway. The work here focuses on assessing risks and creating policies. It’s a chance to grow and learn in a supportive environment.
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Elgin, IL
Average Salary: $57,500
Elgin offers a range of opportunities for those entering the insurance field. With companies like Farmers Insurance and Liberty Mutual, professionals engage in risk management. They analyze data to make smart choices for clients.
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General Placement Service
Average Salary: $211,250
General Placement Service offers rewarding Underwriter roles in Chicago. They focus on risk management and insurance services. This company operates not just in Chicago, but across the nation.

QBE
Average Salary: $189,778
QBE provides a solid salary for Underwriter positions in Chicago. They offer insurance and reinsurance solutions. Their services are international, with a strong presence in Chicago.

Munich Re
Average Salary: $170,443
Munich Re is a top employer for Underwriters in Chicago. They offer competitive salaries and focus on reinsurance, insurance, and risk management. The company operates worldwide, with significant operations in Chicago.

Swiss Re
Average Salary: $162,500
Swiss Re is another leading company for Underwriter jobs in Chicago. They provide a variety of insurance and reinsurance services. Their global presence includes a strong operation in Chicago.

Liberty Mutual Insurance
Average Salary: $147,724
Liberty Mutual Insurance offers promising Underwriter roles in Chicago. They focus on property and casualty insurance. The company operates both nationally and internationally, with key locations in Chicago.

Risk Management Director
Average Salary: $203,843
These professionals oversee the risk strategy for a company, ensuring the firm adheres to industry regulations. They work closely with senior executives to develop risk management plans. Leading firms in the city value their expertise and leadership skills.
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Chief Risk Officer
Average Salary: $198,989
This role focuses on identifying and managing risks that could impact the company. The person in this role works directly with top executives to ensure the company's risk management strategies are effective. Major financial institutions in the area seek leaders with strong analytical skills.
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Underwriting Manager
Average Salary: $170,657
This individual manages a team of underwriters, ensuring they assess risks accurately. They oversee the underwriting process, from analyzing applications to finalizing deals. Experience in the insurance or banking sectors is often preferred in the city's top firms.
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Investment Banker
Average Salary: $160,771
These professionals help companies raise capital and provide advice on mergers and acquisitions. They often work with large firms and institutional investors. Investment banks in the city value their ability to navigate complex financial landscapes.
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Actuary
Average Salary: $157,431
Actuaries use mathematics to analyze risks for companies. They evaluate the financial cost of risks and uncertainties. Major insurance firms and financial institutions in the area rely on their expertise to make informed decisions.
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Certified Financial Planner
Average Salary: $151,014
These professionals help individuals and businesses manage their finances. They provide advice on investment strategies, retirement planning, and more. Financial advisory firms in the city appreciate their detailed planning and client focus.
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Estate Planner
Average Salary: $150,200
These experts help individuals plan the distribution of their assets. They work on legal documents and ensure clients' wishes are met. Estate planning firms in the city need professionals who are detail-oriented and knowledgeable about laws.
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Risk Management Manager
Average Salary: $148,112
This role involves overseeing the company's risk management strategy. Managers in this position ensure the firm is protected against potential losses. Leading companies in the city look for candidates with strong leadership and strategic planning skills.
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Portfolio Manager
Average Salary: $141,377
Portfolio managers oversee investment portfolios for clients. They make decisions about asset allocation and investment strategies. Investment firms in the city value their ability to manage risk and maximize returns.
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Wealth Management Advisor
Average Salary: $131,160
These advisors help high-net-worth individuals manage their wealth. They provide personalized financial advice and investment strategies. Wealth management firms in the city seek advisors who are knowledgeable and client-focused.
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