What Is An Insurance Underwriter Salary
Visit payscale to research insurance underwriter salaries by city experience skill employer and more.
What is an insurance underwriter salary. The national average salary for a insurance underwriter is 46 289 in united states. According to the u s. Experienced insurance underwriters can earn well into six figures.
The average salary for an underwriter in canada is c 53 095. Salary ranges can vary widely depending on many important factors including education certifications additional skills the number of years you have spent in your profession. Bureau of labor statistics the median annual salary for insurance underwriters was 69 760 in may of 2017.
Insurance underwriter salary. Those in specialized fields such as health care workers compensation or marine insurance are most likely to have the greatest earning potential. The insurance underwriter works for the insurance company.
Those in the top 90 could make as much as. The average insurance underwriter salary in the united states is 69 225 as of may 28 2020 but the salary range typically falls between 60 593 and 79 534. The national average salary estimate for insurance underwriter was 77 694.
Entry onto a scheme is competitive and employers usually expect a 2 1 or above. An underwriter also has the ability to decide above and beyond the basic guidelines how the company will respond to the risk opportunity. We wanted to make it easy for our readers to compare the salary of an insurance underwriter to all the other careers out there.
So we created salary rank. The underwriter protects the company by enforcing the underwriting rules and assessing risks based on this understanding. This equates to an hourly salary of 40 47 and monthly of 6 475.
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