Underwriting Manager Salaries

1. San Francisco, CA
   Average Salary: $183,558
   In San Francisco, managing underwriting offers a dynamic career. Professionals work with tech companies and startups. They ensure risk assessments are up-to-date with trends.
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2. Los Angeles, CA
   Average Salary: $174,904
   In Los Angeles, managing underwriting involves handling a variety of risks. Companies here focus on entertainment and real estate. Managers must stay informed on local market trends.
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3. Chicago, IL
   Average Salary: $171,171
   Chicago's underwriting managers lead large teams. They work for financial institutions and insurance companies. They evaluate risks for different sectors like manufacturing and logistics.
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4. Boston, MA
   Average Salary: $170,532
   In Boston, underwriting managers handle risks for tech and healthcare firms. They navigate complex regulations. Their work supports innovation and health services.
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5. Philadelphia, PA
   Average Salary: $161,847
   Philadelphia offers a mix of industries for underwriting managers. They work with local businesses and larger corporations. They must understand regional economic trends.
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6. Denver, CO
   Average Salary: $157,734
   Denver's underwriting managers face unique risks. They work in energy and tourism sectors. They analyze data to manage risks effectively in a growing city.
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7. Atlanta, GA
   Average Salary: $156,574
   In Atlanta, underwriting managers support a diverse economy. They work in banking, insurance, and healthcare. They help businesses manage risks in a fast-growing market.
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8. Washington, DC
   Average Salary: $151,310
   Washington, DC, offers underwriting managers a chance to work with federal agencies. They also support large corporations. They ensure policies meet strict regulatory standards.
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9. Cincinnati, OH
   Average Salary: $147,465
   Cincinnati's underwriting managers work in insurance and finance. They focus on local and regional businesses. They assess risks to support economic growth.
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10. Minneapolis, MN
    Average Salary: $145,943
    In Minneapolis, underwriting managers handle risks for financial and health services. They work with banks and insurance companies. They ensure the local economy stays stable.
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1. Liberty Mutual Insurance
   Average Salary: $196,793
   Liberty Mutual Insurance offers dynamic roles for Underwriting Managers. They operate in several locations across the US. The role involves managing underwriting teams, making key decisions, and ensuring risk assessment and policy terms align with company policies.
   

   
   

2. AXA
   Average Salary: $181,333
   AXA provides comprehensive benefits for Underwriting Managers. The company has offices across major US cities. This role demands overseeing underwriting processes, working closely with sales and claims teams to manage risk effectively.
   

   
   

3. AXA XL
   Average Salary: $178,679
   AXA XL is a leading company for Underwriting Managers. They have a presence in key financial hubs. This role focuses on managing insurance risks and ensuring the right policies are in place to protect clients.
   

   
   

4. Wells Fargo
   Average Salary: $175,096
   Wells Fargo provides competitive salaries for Underwriting Managers. They have branches nationwide. Managers in this role work on assessing insurance applications and making decisions that align with company policies.
   

   
   

5. Zurich Insurance
   Average Salary: $174,400
   Zurich Insurance offers rewarding positions for Underwriting Managers. They operate in multiple locations across the country. This role involves evaluating risks, making underwriting decisions, and ensuring compliance with regulatory standards.
   

   
   

6. Great American Insurance Group
   Average Salary: $167,318
   Great American Insurance Group provides excellent opportunities for Underwriting Managers. They have offices in several key cities. Managers here are responsible for managing underwriting staff and ensuring policies meet company standards.
   

   
   

7. U.S. Bank
   Average Salary: $143,767
   U.S. Bank offers solid roles for Underwriting Managers. They have a wide presence in major cities. This role focuses on assessing insurance applications and managing risk to protect clients.
   

   
   

8. Nationwide Mutual Insurance Company
   Average Salary: $134,545
   Nationwide Mutual Insurance Company provides good opportunities for Underwriting Managers. They have branches across the US. This role involves managing underwriting staff and ensuring risk management strategies are in place.
   

   
   

9. CVS Health
   Average Salary: $110,525
   CVS Health offers decent positions for Underwriting Managers. They have locations in many US cities. Managers here work on assessing risks and ensuring policies are effective and compliant.
   

   
   

10. WCF Insurance
    Average Salary: $61,298
    WCF Insurance provides entry-level opportunities for Underwriting Managers. They operate in several locations. This role involves basic risk assessment and helping to develop underwriting policies.
    

To earn more as an Underwriting Manager, consider focusing on key areas that demonstrate expertise and value. Gaining more experience in the field can lead to higher earning potential. This experience brings in-depth knowledge and a better understanding of risk assessments. As a result, this leads to more informed decision-making, which is critical in underwriting.

A strong educational background and relevant certifications also enhance an Underwriting Manager’s credentials. These qualifications can make a candidate more attractive to employers. This leads to opportunities for higher-paying positions. Networking within the industry opens doors to new opportunities and insights. Building relationships with peers and industry professionals can uncover hidden job prospects. Sharing knowledge and learning from others can lead to career advancement. Each of these factors plays a role in increasing earning potential. Here are some specific steps to consider:

• Gain More Experience: Work on diverse cases to understand different types of risks. This experience makes an Underwriting Manager more valuable.
• Get Relevant Certifications: Certifications such as the Associate in Risk Management (ARM) or Chartered Property Casualty Underwriter (CPCU) can boost credentials.
• Build Industry Connections: Attend industry events and join professional organizations. Networking can lead to new job opportunities.
• Pursue Advanced Degrees: Consider earning a master's degree in business administration (MBA) or a similar field. This education can lead to higher positions.
• Continuous Learning: Stay updated with industry trends and regulations. This ongoing education keeps skills sharp and relevant.