Position
Salary

How much does a Underwriter make?

The average salary for a Underwriter is $92,744 per year in the US.

Underwriters play a key role in the insurance industry. They assess the risk of insuring people, businesses, and properties. This job is important and comes with a good salary. The average yearly salary for an underwriter is $92,744. This means that most underwriters earn between $40,000 and $102,727 each year.

The salary can vary based on experience and location. Those who have been in the field longer often earn more. Underwriters in big cities or areas with a high cost of living may also see higher pay. The top earners in this field can make up to $212,500 a year. This shows that with time and experience, underwriters can earn a very good living.

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What are the highest paying cities for a Underwriter?

Stamford, Connecticut, offers the highest average salary for underwriters at $135,885. Boston, Massachusetts, follows closely with an average salary of $126,340. Chicago, Illinois, provides a competitive average salary of $114,785 for underwriters. These cities provide excellent opportunities for underwriters with attractive compensation packages. Job seekers can find rewarding positions in these locations, where they can leverage their skills to secure top-tier salaries.
Graph displaying highest paying cities salaries for Underwriter jobs, highlighting Stamford, CT with the highest at $135,885 and Pittsburgh, PA with the lowest at $107,331.
  1. Stamford, CT
    Average Salary: $135,885
    In Stamford, professionals assess risks and make decisions for insurance companies. Major firms like Travelers and The Hartford offer many opportunities. The city offers a mix of urban and suburban living.
    Find Underwriter jobs in Stamford, CT


  2. Boston, MA
    Average Salary: $126,340
    Boston provides a dynamic environment for those in the insurance field. Companies like Liberty Mutual and State Street are prominent. The city's rich history and vibrant culture add to the work experience.
    Find Underwriter jobs in Boston, MA


  3. Chicago, IL
    Average Salary: $114,785
    Chicago is a hub for insurance underwriters. Allstate and CNA Financial are key players. The city's diverse culture and strong economy make it an attractive place to work.
    Find Underwriter jobs in Chicago, IL


  4. Kansas City, MO
    Average Salary: $112,404
    Kansas City offers a balanced lifestyle for underwriters. Companies like American Century and Shelter Insurance are well-known. The city's affordable cost of living and friendly community are big pluses.
    Find Underwriter jobs in Kansas City, MO


  5. Philadelphia, PA
    Average Salary: $111,363
    Philadelphia is a historic city with many insurance opportunities. Firms like Independence Blue Cross and Cigna are major employers. The city's rich culture and good schools make it appealing.
    Find Underwriter jobs in Philadelphia, PA


  6. Atlanta, GA
    Average Salary: $110,509
    Atlanta is a growing city with many insurance jobs. Companies like Aflac and SunTrust Bank are leaders. The city's warm weather and expanding economy attract many professionals.
    Find Underwriter jobs in Atlanta, GA


  7. Charlotte, NC
    Average Salary: $109,519
    Charlotte offers a strong job market for underwriters. Bank of America and MetLife are major employers. The city's growing tech scene and affordable living make it a great choice.
    Find Underwriter jobs in Charlotte, NC


  8. Baltimore, MD
    Average Salary: $109,510
    Baltimore provides a unique blend of urban and historic charm. Firms like Legg Mason and T. Rowe Price offer many opportunities. The city's vibrant arts scene and lower cost of living are big draws.
    Find Underwriter jobs in Baltimore, MD


  9. San Francisco, CA
    Average Salary: $109,172
    San Francisco is a tech-driven city with many insurance jobs. Companies like Allstate and Travelers are prominent. The city's innovative culture and scenic views make it an exciting place to work.
    Find Underwriter jobs in San Francisco, CA


  10. Pittsburgh, PA
    Average Salary: $107,331
    Pittsburgh offers a mix of industry and culture. Companies like Highmark and UPMC are major employers. The city's affordable living and strong community make it a good place for professionals.
    Find Underwriter jobs in Pittsburgh, PA

What are the best companies a Underwriter can work for?

Citi, Munich Re, and Resilience offer some of the highest salaries for Underwriter jobs. Citi leads with an average salary of $184,439, followed closely by Munich Re at $176,693. Resilience also provides a competitive salary of $166,500. These companies value skilled underwriters and offer attractive compensation packages. Fannie Mae, Argo Group, and QBE also provide strong salaries for Underwriters. Fannie Mae pays an average of $165,682, while Argo Group and QBE offer $151,684 and $150,814, respectively. These companies recognize the importance of underwriters in their operations and reward them accordingly.
Graph displaying best paying company salaries for Underwriter jobs, highlighting Citi with the highest at $184,439 and General Placement Service with the lowest at $129,583.
  1. Citi
    Average Salary: $184,439
    Citi offers exciting Underwriter roles across the globe. They focus on risk management and provide opportunities in major financial hubs like New York, London, and Hong Kong.


  2. Munich Re
    Average Salary: $176,693
    Munich Re is a global leader in reinsurance. They offer Underwriter positions in various locations, including Munich, New York, and Singapore.


  3. Resilience
    Average Salary: $166,500
    Resilience provides innovative risk management solutions. They have Underwriter roles in cities like New York, London, and Sydney.


  4. Fannie Mae
    Average Salary: $165,682
    Fannie Mae offers Underwriter jobs with a focus on mortgage risk. They operate in major cities such as Washington, D.C., and New York.


  5. Argo Group
    Average Salary: $151,684
    Argo Group provides specialty insurance and reinsurance. They offer Underwriter positions in locations like New York, London, and Bermuda.


  6. QBE
    Average Salary: $150,814
    QBE is a global insurance company with Underwriter roles in cities like Sydney, London, and New York.


  7. Wells Fargo
    Average Salary: $143,152
    Wells Fargo offers Underwriter positions with a focus on financial risk. They operate in major cities like San Francisco, New York, and Charlotte.


  8. Swiss Re
    Average Salary: $140,056
    Swiss Re is a global leader in reinsurance. They offer Underwriter roles in locations like Zurich, London, and Singapore.


  9. Liberty Mutual Insurance
    Average Salary: $134,110
    Liberty Mutual Insurance offers Underwriter roles with a focus on property and casualty insurance. They operate in major cities like Boston, New York, and Toronto.


  10. General Placement Service
    Average Salary: $129,583
    General Placement Service provides Underwriter roles with a focus on niche markets. They operate in cities like New York and London.

How to earn more as a Underwriter?

To earn more as an Underwriter, focus on gaining experience and enhancing skills. Building a strong portfolio of successful assessments and evaluations can lead to higher-paying positions. Networking with industry professionals opens doors to better opportunities and insights into the market.

Consider pursuing certifications that are recognized in the underwriting industry. These credentials can demonstrate expertise and dedication to the field. Staying updated with industry trends and regulations ensures that an Underwriter remains competitive and knowledgeable.

Seeking roles in high-demand areas or specialized niches can also increase earning potential. These sectors often offer higher salaries due to the complexity and risk involved. Continuously improving analytical and decision-making skills will make an Underwriter more valuable to employers.

  1. Gain experience and build a strong portfolio.
  2. Pursue recognized certifications.
  3. Network with industry professionals.
  4. Stay updated with industry trends and regulations.
  5. Seek roles in high-demand or specialized niches.

Currently 939 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
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Underwriter
939 Job Openings