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Salary and Benefits

Underwriter
$50K-$62K / yr. (est.)
$51K
$56,416 / year
$62K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Underwriter

What does an Underwriter do?

As the underwriters, we work in multiple insurance departments to create policies, strategies, and plans. Our job role requires us to work on various aspects of insurance and decide whether to give insurance to someone or not. We are also in charge of reviewing the insurance applications, processing them, denying them, or approving them. As underwriters, our job role also requires us to have strong mathematical and analytical skills. Along with all these roles, we also interview customers, run a background check and inquire about financial assets.

Core tasks:

  • working in various insurance agencies as policy makes
  • accepting or rejecting insurance applications
  • interviewing applicants
  • estimating risk and profit

Insights

How Many Years of Experience Do Professionals Need Before Becoming Underwriter?
On average, people work 3-5 years in other positions prior to becoming a Underwriter.
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UnderwriterMiami, FL - A year ago
🤨 I've been working as an underwriter for many years, and I've had zero experience in other positions!
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UnderwriterSan Francisco, CA - A year ago
3-5 years? More like 10-15 years in my experience! This seems off. 😡
How Long Do Underwriter Employees Typically Stay in Their Roles?
On average, Underwriters works in this position for 5+ years across multiple employers.
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AccountantHouston, TX - A year ago
Experience alone doesn't make a great underwriter. A disciplined and detail-oriented mindset along with excellent analytical skills are vital!
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Business AdministratorMiami, FL - A year ago
Experience is important, but let's not forget the importance of continuous learning which helps underwriters stay relevant in an ever-changing business landscape.
What Is the Job Hopper Score for Underwriter Employees?
Frequent job changes in Underwriter, indicating a willingness to change companies and roles more frequently.
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Financial AnalystNew York City, NY - A year ago
Job changes allow Underwriters to gain diverse experiences and expand their skill set. A definitely valuable trait!
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Claims AdjusterHouston, TX - A year ago
I prefer stability and loyalty in my Underwriters. This suggests a lack of dedication and commitment. 😒

Career path

Path to job

Discover a Underwriter's areas of knowledge sorted by their majors.
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Loan Processor10 months ago
I would like to explore it
Explore the list of higher education institutions that a Underwriter typically studied at.
Arizona State University-Tempe
Illinois State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Underwriter Employees?
Gender ratio in Underwriter position: 0.522754959414231 Male and 0.477245040585769 Female. Age ratio in Underwriter position: 16-20: 5%, 21-30: 68%, 31-40: 18%, 41-50: 7%, 51-60: 2%, 60+: 0%. Underwriter position is predominantly male (52.3%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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UnderwriterMiami, FL - A year ago
I can't believe how little representation there is for underwriters in the age group 51-60. We have so much experience to offer! 😡
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UnderwriterSeattle, WA - A year ago
I can't help but notice the glaring lack of female underwriters in this image. We need to take action and promote gender equality in this field! ✊

Workplaces

Who Are the Top Employers for Underwriter?
Top employers of Underwriter position: AIG, Chubb, JPMorgan Chase & Co.. People who work in Underwriter position most typically go on to work for the AIG.
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UnderwriterMiami, FL - A year ago
AIG is the industry leader, no doubts about it! Their reputation speaks for itself with the best claims service capabilities.
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UnderwriterSan Francisco, CA - A year ago
JPMorgan Chase & Co. has a global presence and offers numerous growth opportunities. It's definitely the place to be!
AIG
Chubb
JPMorgan Chase & Co.
What Industries Does Underwriter Typically Have Experience In?
Industry Background: The most typical industries of Underwriter: Finance & Insurance, Professional / Scientific / Technical, Real Estate / Rental / Leasing, Health Care, Information Technology. Underwriter employees most likely come from a Finance & Insurance industry background.
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UnderwriterHouston, TX - A year ago
Just because we decline some applications doesn't mean we're heartless. We have strict criteria to follow and our job is to assess the risk level. Don't hate!
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UnderwriterMiami, FL - A year ago
🔥 Honestly, as an underwriter, it's a constant battle with stubborn clients who fail to provide accurate information. They need to understand the consequences of hiding important details.

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Discussion about Underwriter

Want to know more about Underwriter position?
Share your thoughts and ideas about Underwriter position with others in our community.
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Which qualifications are required for Underwriter?
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Former UnderwriterA year ago
Many years ago prior to advanced Technologies. I used to be Mortgage Loan Officer/Underwriter. I realize nowadays almost everything in this industry have changed.
How is the gender diversity among people working as an Underwriter?
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Benjamin Gardner4 years ago
This is a well balanced profession, about half of the people are women.
What is the typical age of people who work as an Underwriter?
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Benjamin Gardner4 years ago
28 is the average age of people working as an Underwriter.
How much experience is typically required to work as an Underwriter?
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Isabella Holmes4 years ago
You probably need around 4 years to work as an Underwriter
What industries does an Underwriter typically work in?
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Benjamin Gardner4 years ago
Finance & Insurance is the most frequent for an Underwriter.
Is a degree needed to work as an Underwriter?
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Liam Brown4 years ago
As an Underwriter you’ll probably need No higher education
Which company is likely to have openings for Underwriter positions?
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Benjamin Gardner4 years ago
Most people work for AIG, Chubb, JPMorgan Chase & Co., The Hartford and Wells Fargo
How many years do people work as an Underwriter before changing their role?
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Isabella Holmes4 years ago
More than 5 years is the typical lifespan for an Underwriter.
Is it frequent for people to switch companies and still work as an Underwriter?
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Isabella Holmes4 years ago
Getting experience working for multiple companies is typical for an Underwriter.
From which job titles people come from to work as an Underwriter?
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Isabella Holmes4 years ago
Most people come from Mortgage Underwriter, Underwriting Assistant or Underwriting Manager roles
If I’m working as an Underwriter, what next position could I have?
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Liam Brown4 years ago
Consider the following: Vice President, Underwriting Manager or Mortgage Underwriter
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Disclaimer

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