Underwriter Salaries

Position

Salary

How much does a Underwriter make?

The average salary for a Underwriter is $92,895 per year in the US.

Graph depicting the yearly salary distribution for Underwriter positions, showing an average salary of $92,895 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Underwriter positions, showing an average salary of $92,895 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Underwriter positions, showing an average salary of $92,895 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Underwriter positions, showing an average salary of $92,895 with varying distribution percentages across salary ranges.

Underwriters assess risks and make decisions on insuring them. They work in various sectors, including insurance, finance, and real estate. Their role is key in helping companies manage potential losses. The salary for underwriters can vary based on experience, location, and industry. Understanding these factors can help job seekers target their search more effectively.

According to recent data, the average yearly salary for an underwriter stands at about $92,895. This figure can change significantly depending on several factors. Entry-level underwriters might earn around $40,000 annually. With more experience, salaries can rise to over $150,000. Here is a breakdown of salaries based on experience levels:

Entry level: $40,000
Mid-level: $71,455
Senior level: $150,091
Top level: $197,273

This range shows how underwriters can see their earnings grow as they gain more experience and expertise in their field.

What are the highest paying cities for a Underwriter?

Looking for a lucrative career in underwriting? Stamford, CT, tops the list with the highest average salary for underwriters at $144,369. Boston, MA, and San Francisco, CA, follow closely, offering competitive packages to professionals in the field. Cities like Chicago, IL, and Philadelphia, PA, also provide attractive remuneration for those seeking a rewarding underwriting role. Opportunities in underwriting can be rewarding in many major cities. Boston, MA, offers a robust market with an average salary of $120,213. San Francisco, CA, and Chicago, IL, both present strong financial incentives for underwriters. Philadelphia, PA, and Atlanta, GA, round out the list of cities with notably high pay for the profession.

Graph displaying highest paying cities salaries for Underwriter jobs, highlighting Stamford, CT with the highest at $144,369 and Kansas City, MO with the lowest at $108,382.

Stamford, CT
Average Salary: $144,369
In Stamford, professionals evaluate risk for insurance policies. Employers like Travelers and Hartford Financial value expertise. The vibrant community offers many perks.
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Boston, MA
Average Salary: $120,213
Boston offers chances to assess risks for top insurance firms. MassMutual and Liberty Mutual lead the industry. The city's rich history adds to its allure.
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San Francisco, CA
Average Salary: $115,831
San Francisco's job market for risk analysts is strong. Major players like Allstate and Safeco provide diverse opportunities. The tech hub offers unique career paths.
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Chicago, IL
Average Salary: $114,219
Chicago provides a solid platform for insurance risk assessment. Companies like Allstate and CNA Financial look for skilled candidates. The city's vibrant culture enriches work life.
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Philadelphia, PA
Average Salary: $110,875
Philadelphia offers promising roles in insurance risk analysis. Firms such as American International Group (AIG) seek talent. The city's historical charm and modern appeal blend well.
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Atlanta, GA
Average Salary: $110,751
Atlanta's insurance sector is booming with roles for risk analysts. Companies like Aflac and Allstate offer numerous opportunities. The city's growth attracts many professionals.
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Washington, DC
Average Salary: $109,889
Washington, DC, is a hub for insurance risk analysis. Employers like The Hartford and MetLife provide diverse roles. The city's political atmosphere adds an extra dimension to work life.
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Cincinnati, OH
Average Salary: $109,207
Cincinnati offers many roles in insurance risk assessment. The presence of companies like Cincinnati Financial and P&C Insurance makes it a prime location. The city's family-friendly environment is also a big plus.
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Charlotte, NC
Average Salary: $108,464
Charlotte is a growing city for insurance risk analysts. Key employers like Bank of America and MetLife look for skilled professionals. The city's booming economy provides numerous opportunities.
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Kansas City, MO
Average Salary: $108,382
Kansas City offers solid roles for insurance risk analysts. Companies like The Western Insurance Union and American Century seek talent. The city's rich cultural heritage adds to its appeal.
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What are the best companies a Underwriter can work for?

Top-paying companies for underwriters include GEICO, Munich Re, and General Placement Service. GEICO offers an average salary of $217,895, Munich Re pays around $160,509, and General Placement Service provides about $159,615. Securing a role in these companies could lead to significant financial rewards. Swiss Re, Citi, and QBE also offer competitive salaries. Swiss Re’s average salary is approximately $155,235, Citi offers around $154,725, and QBE provides a salary of about $153,288. These companies value underwriters and provide attractive compensation packages.

Graph displaying best paying company salaries for Underwriter jobs, highlighting GEICO with the highest at $217,895 and Liberty Mutual Insurance with the lowest at $139,846.

GEICO
Average Salary: $217,895
GEICO is a well-known insurance company. It offers exciting opportunities for Underwriters. They assess risks and decide on coverage. GEICO operates nationwide in the United States.
Munich Re
Average Salary: $160,509
Munich Re is a global insurance company. They focus on underwriting and managing risks. They have Underwriters in many locations around the world, including major financial hubs.
General Placement Service
Average Salary: $159,615
General Placement Service provides insurance placement services. They hire Underwriters to evaluate and manage risks. They operate in the United States and several other countries.
Swiss Re
Average Salary: $155,235
Swiss Re is a leading global reinsurance company. They hire skilled Underwriters to assess risks and set policies. Their Underwriters work in key financial centers across the globe.
Citi
Average Salary: $154,725
Citi is a major financial services corporation. They offer Underwriter positions with a focus on risk assessment. Citi's Underwriters work in financial hubs around the world.
QBE
Average Salary: $153,288
QBE is a large insurance company. They seek Underwriters to manage insurance risks. Their Underwriters work in various locations, including Australia and North America.
Fannie Mae
Average Salary: $152,111
Fannie Mae is a leading mortgage finance company. They need Underwriters to evaluate mortgage risks. They have offices across the United States.
HDI Global Insurance Company
Average Salary: $148,571
HDI Global Insurance offers various insurance products. They hire Underwriters to assess and manage risks. They operate in several countries, including Germany and the United Kingdom.
Wells Fargo
Average Salary: $145,823
Wells Fargo is a large financial services company. They provide Underwriter positions focused on risk management. They have offices nationwide in the United States.
Liberty Mutual Insurance
Average Salary: $139,846
Liberty Mutual Insurance is a major insurance provider. They hire Underwriters to evaluate and manage insurance risks. Their Underwriters work in many locations across the United States.

How to earn more as a Underwriter?

Aspiring underwriters can increase their earnings by focusing on several key factors. Enhancing skills in risk assessment and data analysis helps underwriters make informed decisions. Gaining expertise in specific industries, such as insurance, finance, or real estate, can open higher-paying job opportunities. Continuous education through certifications and advanced degrees can also lead to higher salary tiers. Networking with industry professionals and attending relevant conferences can provide insights into lucrative job openings.

Building a strong professional reputation through successful projects and positive client feedback can lead to raises and promotions. Lastly, staying current with industry trends and regulatory changes ensures underwriters remain competitive and valuable. By focusing on these areas, underwriters can enhance their earning potential over time.

Consider these factors to increase earnings as an underwriter:

Enhance risk assessment skills
Specialize in specific industries
Pursue continuous education
Build a strong professional network
Stay updated with industry trends

How much does a Underwriter make?

What are the highest paying cities for a Underwriter?

What are the best companies a Underwriter can work for?

How to earn more as a Underwriter?

Currently 963 Underwriter job openings, nationwide.

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

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