How much does a Underwriting Consultant make?
An Underwriting Consultant plays a crucial role in assessing risks for insurance companies. They gather and analyze information to determine the risk level of potential clients. This important job often comes with a competitive salary. The average yearly salary for an Underwriting Consultant stands at $108,240. This means many people in this field earn a solid income.
The salary can vary based on experience and specific industry. Some Underwriting Consultants start at around $52,500 per year, while the highest earners can make up to $179,000 annually. This range shows the potential for growth and higher earnings as one gains more experience. The majority of Underwriting Consultants earn between $75,500 and $144,500 a year. This wide range provides an incentive for those looking to advance in their careers.
What are the highest paying cities for a Underwriting Consultant?

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Columbus, OH
Average Salary: $141,097
In Columbus, Ohio, consultants work for major firms like Nationwide and Huntington National Bank. They assess risks and help shape policies that protect clients. The job offers a chance to be part of a thriving insurance community.
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Indianapolis, IN
Average Salary: $125,260
Indianapolis, Indiana, provides a strong market for consultants, with well-known employers such as Conseco and OneAmerica. Professionals here enjoy a stable environment where their decisions impact client security. The city offers a balanced lifestyle with plenty of community events.
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San Francisco, CA
Average Salary: $123,145
San Francisco, California, is a hub for tech and finance, making it ideal for underwriting consultants. Companies like Goldman Sachs and Charles Schwab are prominent here. Consultants play a key role in evaluating risks for high-stakes projects. The city's dynamic culture fosters innovation and growth.
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Atlanta, GA
Average Salary: $117,503
In Atlanta, Georgia, consultants often find roles with big names like SunTrust and Aflac. The city's insurance industry is robust, offering plenty of opportunities for growth. Atlanta's welcoming atmosphere and growing job market make it a great place to work.
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Boston, MA
Average Salary: $114,739
Boston, Massachusetts, has a rich insurance history with leading firms such as Liberty Mutual and State Street. Consultants here enjoy a mix of traditional and innovative practices. The city’s prestigious universities also offer strong networking opportunities.
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Washington, DC
Average Salary: $110,022
Washington, DC, is home to many federal agencies and major insurance companies like MetLife and Fannie Mae. Consultants here often work on high-profile projects, influencing policies that affect the nation. The city’s professional environment provides excellent career advancement.
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Chicago, IL
Average Salary: $101,321
Chicago, Illinois, offers a thriving market with companies like Allstate and Gallagher. Consultants in Chicago enjoy a diverse job market and a strong sense of community. The city’s rich history in insurance makes it an exciting place to work.
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Los Angeles, CA
Average Salary: $98,906
Los Angeles, California, features a diverse insurance landscape with notable companies like Farmers Insurance and Blue Shield of California. Consultants in LA assess risks for a wide range of clients, from tech startups to large corporations. The city’s vibrant culture provides a unique work experience.
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Hartford, CT
Average Salary: $87,191
Hartford, Connecticut, is known as the insurance capital of the world, with big players like Aetna and The Hartford. Consultants here have the chance to be part of a legacy industry. The city’s historic roots and strong community ties offer a distinctive work environment.
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What are the best companies a Underwriting Consultant can work for?

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Intact Insurance Specialty Solutions
Average Salary: $185,692
Intact Insurance Specialty Solutions offers a wide range of insurance services with locations across Canada. They provide exciting opportunities for Underwriting Consultants to assess risks and manage insurance policies. Positions are available in Toronto, Vancouver, and Montreal.
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Nationwide Mutual Insurance Company
Average Salary: $151,916
Nationwide Mutual Insurance Company is a leading insurance and financial services company based in the United States. They offer diverse roles for Underwriting Consultants in their various offices across the country. Cities like Columbus, OH, and Phoenix, AZ, have active hiring.
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Elevance Health
Average Salary: $126,479
Elevance Health offers health and insurance services. They have many locations across the United States. They are currently hiring Underwriting Consultants to join their teams. Positions are available in Indianapolis, IN, and Richmond, VA.
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Great American Insurance Group
Average Salary: $114,500
Great American Insurance Group is a major insurance provider with offices across the United States. They focus on offering valuable roles for Underwriting Consultants. They hire in cities like Cincinnati, OH, and Birmingham, AL.
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CNA Insurance
Average Salary: $110,906
CNA Insurance is known for its comprehensive insurance solutions. They operate across several cities in the United States. They are looking for skilled Underwriting Consultants. You can find openings in Chicago, IL, and San Francisco, CA.
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Lincoln Financial Group
Average Salary: $107,700
Lincoln Financial Group offers a variety of financial and insurance services. They have locations throughout the United States. They hire Underwriting Consultants to help assess and manage risks. Positions are available in Radnor, PA, and Phoenix, AZ.
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AIG
Average Salary: $91,773
AIG provides a range of insurance and financial services. They have many locations across the world. They are hiring Underwriting Consultants to join their teams. Cities like New York, NY, and London, UK, have active hiring.
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CVS Health
Average Salary: $84,694
CVS Health is a major healthcare company with numerous locations in the United States. They offer roles for Underwriting Consultants to help with insurance policies. They hire in cities like Woonsocket, RI, and Minneapolis, MN.
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The Hartford
Average Salary: $80,973
The Hartford is a well-known insurance company operating across the United States. They offer roles for Underwriting Consultants. Cities like Hartford, CT, and Boston, MA, have openings for this position.
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Sun Life
Average Salary: $77,140
Sun Life provides a variety of financial and insurance services. They operate across Canada and other countries. They hire Underwriting Consultants to help assess and manage insurance risks. Cities like Toronto, Canada, and Hamilton, Canada, have positions available.
How to earn more as a Underwriting Consultant?
Becoming an Underwriting Consultant offers the potential for a rewarding career and a strong income. To maximize earnings, focus on key factors that set top consultants apart. Prioritizing these elements can lead to higher job satisfaction and better financial outcomes.
First, gaining industry-specific certifications can boost credibility and earning potential. Certifications such as Chartered Property Casualty Underwriter (CPCU) enhance knowledge and showcase dedication to the field. Second, networking within the industry opens doors to lucrative opportunities. Attending conferences, joining professional groups, and connecting with peers can lead to high-paying positions. Third, developing strong analytical skills is crucial. Accurate assessment and data analysis are key to making informed decisions and improving business outcomes.
Fourth, focusing on continuous learning keeps skills sharp and relevant. Attending workshops, taking advanced courses, and staying updated on industry trends can open the door to higher-paying roles. Lastly, strong communication skills can differentiate an Underwriting Consultant. Clear and concise communication with clients and colleagues can lead to more successful projects and better compensation. By emphasizing these factors, an Underwriting Consultant can significantly increase earning potential.
To summarize, here are five key factors to consider:
- Certifications: Enhance credibility and knowledge.
- Networking: Connect with peers and industry leaders.
- Analytical Skills: Make informed decisions and improve outcomes.
- Continuous Learning: Stay updated and relevant in the field.
- Communication: Foster clear and effective interactions.



