Position
Salary
Becoming an Underwriting Consultant can lead to a rewarding career with a competitive salary. On average, Underwriting Consultants earn around $110,669 per year. This figure represents the midpoint of earnings, showing the value of the role in the insurance industry.
The salary for Underwriting Consultants varies based on experience and location. Those just starting out might earn closer to the lower end of the spectrum, while seasoned professionals often see their pay increase significantly. Major cities and areas with a high demand for underwriting expertise usually offer higher salaries. Job seekers who aim to increase their earning potential may find it beneficial to gain experience and consider relocating to areas with greater opportunities.

Columbus, OH
Average Salary: $141,172
In Columbus, professionals thrive in a vibrant insurance market. Large firms like Nationwide and Huntington National Bank offer exciting opportunities. With a supportive community, growth prospects are promising.
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Atlanta, GA
Average Salary: $133,666
Atlanta stands out for its dynamic insurance scene. Companies like Aflac and Allstate provide excellent platforms for growth. The city's growth attracts many firms, making it a hub for underwriting expertise.
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Indianapolis, IN
Average Salary: $127,653
Indianapolis offers a robust insurance sector with leading companies such as Indiana Farm Bureau and OneAmerica. The city's strong business environment fosters career advancement and stability.
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Boston, MA
Average Salary: $116,642
Boston combines rich history with modern opportunities. Major firms like MassMutual and Liberty Mutual are leaders in underwriting. The city's educational institutions also create a dynamic professional environment.
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Chicago, IL
Average Salary: $112,691
Chicago is a major hub for the insurance industry. Giants like Allstate and CNA Financial provide diverse roles. The city's business-friendly atmosphere supports professional growth and development.
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Hartford, CT
Average Salary: $95,882
Hartford, known as the insurance capital, offers numerous opportunities. Companies like The Hartford and Aetna dominate the market. The city's strong industry presence makes it ideal for underwriting careers.
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Los Angeles, CA
Average Salary: $90,389
Los Angeles presents a thriving market with firms like Farmers Insurance and Blue Shield of California. The city's diverse economy and large market offer extensive job opportunities and growth potential.
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Intact Insurance Specialty Solutions
Average Salary: $191,692
Intact Insurance Specialty Solutions offers high-paying opportunities for Underwriting Consultants. The company operates across various locations, including Toronto, Montreal, and Vancouver. Underwriting Consultants here work with diverse insurance products to assess risk and pricing.
Nationwide
Average Salary: $149,643
Nationwide provides attractive salaries for Underwriting Consultants. This company operates in multiple states across the U.S., with major offices in Columbus, Ohio, and Phoenix, Arizona. Underwriting Consultants at Nationwide focus on evaluating insurance applications and managing risk assessment.
CNA Insurance
Average Salary: $111,537
CNA Insurance offers competitive pay for Underwriting Consultants. The company has a strong presence in many U.S. cities, including Chicago, Boston, and Los Angeles. At CNA, Underwriting Consultants handle various insurance products, ensuring accurate risk assessment.
UnitedHealthcare
Average Salary: $109,229
UnitedHealthcare provides a good salary for Underwriting Consultants. The company is headquartered in Minnetonka, Minnesota, with many other locations across the U.S. Underwriting Consultants here work on managing health insurance risks and pricing strategies.
CVS Health
Average Salary: $84,694
CVS Health offers a solid salary for Underwriting Consultants. The company operates nationwide with its main offices in Woonsocket, Rhode Island. Underwriting Consultants at CVS Health focus on assessing risk for health insurance policies, ensuring fair pricing.
Manulife
Average Salary: $76,944
Manulife offers Underwriting Consultant positions with a solid salary. The company has offices in many cities across Canada, including Toronto and Vancouver. Underwriting Consultants at Manulife work on various insurance products, helping to manage risks and determine coverage.
Aspiring to increase your earnings as an Underwriting Consultant? There are several key factors that can help you achieve higher pay in this field. One important factor is gaining specialized certifications. Becoming certified in areas like property and casualty or life and health can open up higher-paying job opportunities. Another effective strategy is to develop strong analytical skills. Being able to quickly assess risks and make sound decisions can lead to more lucrative roles.
Networking also plays a crucial role in boosting your income. Building relationships with other professionals in the industry can lead to better job offers and higher salaries. Taking on leadership roles can further enhance your earnings potential. Leading teams or projects demonstrates your ability to manage and can result in higher compensation. Lastly, continuing education is vital. Staying updated with industry trends and advancements helps you remain competitive and can lead to more job opportunities with better pay.
Consider these factors to enhance your career as an Underwriting Consultant and increase your earning potential: