Position
Salary

How much does a Underwriter make?

The average salary for a Underwriter is $91,253 per year in the US.

Underwriters evaluate risks for insurance companies, deciding if they should insure someone or something. They look at the chances of a loss happening. They assess how much money to charge and what terms to offer. This job pays well because it needs special skills and knowledge.

Most underwriters earn between $40,000 and $161,000 a year. The average yearly salary is $91,253. Those just starting might earn around $40,000. Experienced underwriters can earn over $160,000. Many factors can affect salary, like experience, education, and the company.

View Underwriter jobs nearby

What are the highest paying cities for a Underwriter?

Underwriters can find some of the highest paying positions in Stamford, CT, where the average salary stands at $149,899. San Francisco, CA, offers another lucrative option with an average salary of $120,211. Those willing to relocate may also find attractive salaries in Boston, MA, averaging $118,022. Other cities worth considering include Wichita, KS, with an average salary of $116,347, and Chicago, IL, where underwriters can expect to earn around $113,708. These figures highlight the cities where underwriters can potentially earn the most for their expertise.
Graph displaying highest paying cities salaries for Underwriter jobs, highlighting Stamford, CT with the highest at $149,899 and Cincinnati, OH with the lowest at $109,921.
  1. Stamford, CT
    Average Salary: $149,899
    In Stamford, CT, professionals in risk evaluation earn competitive salaries. Companies like Travelers and The Hartford offer opportunities. These firms value knowledgeable and detail-oriented individuals.
    Find Underwriter jobs in Stamford, CT


  2. San Francisco, CA
    Average Salary: $120,211
    San Francisco, CA, offers a dynamic environment for those assessing risk. Major companies such as Berkshire Hathaway and Zurich North America provide exciting roles. These positions require strong analytical skills and industry knowledge.
    Find Underwriter jobs in San Francisco, CA


  3. Boston, MA
    Average Salary: $118,022
    In Boston, MA, risk evaluation roles can lead to fulfilling careers. Companies like MassMutual and Liberty Mutual seek skilled professionals. These firms value experience and a solid understanding of the market.
    Find Underwriter jobs in Boston, MA


  4. Wichita, KS
    Average Salary: $116,347
    Wichita, KS, provides a stable environment for evaluating risks. Key employers like Hartford and Allied Insurance look for detail-oriented individuals. These companies offer good benefits and career growth opportunities.
    Find Underwriter jobs in Wichita, KS


  5. Chicago, IL
    Average Salary: $113,708
    Chicago, IL, is a hub for risk evaluation jobs. Companies like Allstate and Aon offer diverse roles. These firms value professionals who can navigate complex data and market trends.
    Find Underwriter jobs in Chicago, IL


  6. Washington, DC
    Average Salary: $112,284
    In Washington, DC, professionals in risk evaluation find many opportunities. Major firms such as UnitedHealth Group and Metlife seek skilled candidates. These companies offer competitive salaries and benefits.
    Find Underwriter jobs in Washington, DC


  7. Atlanta, GA
    Average Salary: $111,863
    Atlanta, GA, offers a growing market for risk evaluation professionals. Companies like Principal Financial Group and SunTrust Bank look for experienced candidates. These firms provide a supportive work environment.
    Find Underwriter jobs in Atlanta, GA


  8. Philadelphia, PA
    Average Salary: $111,554
    Philadelphia, PA, provides a rich landscape for risk evaluation careers. Employers like Lincoln Financial Group and Independence Blue Cross offer rewarding positions. These companies value experienced and knowledgeable professionals.
    Find Underwriter jobs in Philadelphia, PA


  9. Charlotte, NC
    Average Salary: $110,369
    In Charlotte, NC, risk evaluation roles are in demand. Companies such as Bank of America and MetLife offer promising opportunities. These firms seek professionals who can handle large amounts of data and provide strategic insights.
    Find Underwriter jobs in Charlotte, NC


  10. Cincinnati, OH
    Average Salary: $109,921
    Cincinnati, OH, offers a strong market for risk evaluation professionals. Employers like Nationwide and P&G look for detail-oriented candidates. These companies provide good benefits and growth opportunities.
    Find Underwriter jobs in Cincinnati, OH

What are the best companies a Underwriter can work for?

Job seekers looking for top-paying Underwriter roles may want to consider SCOR, GEICO, and General Placement Service. These companies offer attractive salaries, with SCOR leading at an average of $235,543 per year. GEICO and General Placement Service follow closely, with average salaries of $225,000 and $169,293, respectively. Exploring the next tier, Swiss Re and HDI Global Insurance Company provide competitive compensation, averaging $157,241 and $151,979 per year. These opportunities can make a significant difference in career earnings. For those seeking stability and high pay, these companies are worth investigating.
Graph displaying best paying company salaries for Underwriter jobs, highlighting SCOR with the highest at $235,543 and QBE with the lowest at $140,278.
  1. SCOR
    Average Salary: $235,543
    SCOR offers rewarding opportunities for Underwriters in Paris, New York, and London. They focus on developing strategies to manage risk for clients. The job involves assessing risks and setting terms for insurance contracts.


  2. GEICO
    Average Salary: $225,000
    GEICO provides high-paying roles for Underwriters in various locations across the U.S., including McLean, Virginia. Underwriters at GEICO work on evaluating risks and determining insurance coverage terms for various clients.


  3. General Placement Service
    Average Salary: $169,293
    General Placement Service offers competitive salaries for Underwriters in Salt Lake City, Utah. They provide insurance and risk management solutions. The role involves analyzing risks and preparing insurance policies.


  4. Swiss Re
    Average Salary: $157,241
    Swiss Re offers Underwriter positions in Zurich and London. They specialize in reinsurance, insurance, and other forms of risk transfer. The job includes evaluating risks and creating insurance terms for clients.


  5. HDI Global Insurance Company
    Average Salary: $151,979
    HDI Global Insurance Company provides Underwriter opportunities in Hannover, Germany. They focus on providing insurance and risk management solutions. The role involves assessing risks and preparing insurance policies.


  6. Citi
    Average Salary: $151,321
    Citi offers Underwriter roles in New York City and other locations. They provide a range of financial services, including insurance. The job involves evaluating risks and setting insurance terms.


  7. Fannie Mae
    Average Salary: $147,613
    Fannie Mae provides Underwriter positions in Washington, D.C. They focus on mortgage-related insurance. The role involves assessing mortgage risks and setting terms for insurance policies.


  8. Berkshire Hathaway Specialty Insurance
    Average Salary: $146,711
    Berkshire Hathaway Specialty Insurance offers Underwriter jobs in Omaha, Nebraska. They provide specialized insurance solutions. The role includes evaluating risks and preparing insurance policies.


  9. Wells Fargo
    Average Salary: $144,283
    Wells Fargo offers Underwriter positions in Charlotte, North Carolina. They provide various financial services, including insurance. The job involves assessing risks and setting insurance terms.


  10. QBE
    Average Salary: $140,278
    QBE provides Underwriter roles in Sydney, Australia. They offer insurance and risk management solutions. The role involves evaluating risks and creating insurance policies.

How to earn more as a Underwriter?

Aspiring underwriters can enhance their earning potential by focusing on several key areas. Building a strong foundation in the industry can lead to greater opportunities and higher compensation. Understanding the market and staying informed about trends can give underwriters a competitive edge.

Gaining experience is crucial. The more years in the field and the more cases handled, the more skilled an underwriter becomes. Specialization in a particular type of insurance, such as life or property, can also increase earning potential. Continuous learning through certifications and courses can lead to higher positions with greater salaries.

Networking within the industry opens doors to new opportunities and insights. Attending conferences, joining professional organizations, and connecting with peers can lead to job offers and salary negotiations. Maintaining a professional demeanor and building a positive reputation can also lead to bonuses and promotions.

  1. Gain Experience: The more years and cases you handle, the more skilled you become.
  2. Specialize: Focus on a specific type of insurance to become an expert.
  3. Continuous Learning: Pursue certifications and courses to advance your skills.
  4. Network: Connect with peers and attend industry events to open new opportunities.
  5. Professional Reputation: Build a positive image to gain trust and opportunities.

Currently 847 Underwriter job openings, nationwide.

How's the job market for a Underwriter in the US?

Learn what a Underwriter does, how to become one, and understand the job outlook. Get simple steps to start your career as a Underwriter today.
Position
Overview
Underwriter
847 Job Openings