Find & Apply For Insurance Underwriter Jobs In Your Location
Insurance underwriters assess risks and decide on the terms of insurance policies for clients. They analyze data to determine policy prices, conditions, and coverage limits. They also evaluate the likelihood of claims and work with agents to facilitate accurate policyholder information. This role requires strong analytical and decision-making skills. Below you can find different Insurance Underwriter positions in and around your location.
Industry Trends & Salary Expectations
Insurance Underwriters assess risks and decide whether to provide insurance coverage, and under what terms. - Entry-level Underwriter salaries range from $40,000 to $55,000 per year - Mid-career Insurance Underwriter salaries range from $55,000 to $75,000 per year - Senior Underwriter salaries range from $75,000 to $95,000 per year The profession of insurance underwriting has been integral to the insurance industry, tracing back to maritime traders in ancient times who sought to minimize financial loss due to cargo loss at sea. Over the centuries, the role of the Insurance Underwriter has evolved with the expansion of the insurance industry into various sectors including property, life, and health insurance. The advent of digital tools and data analysis has significantly altered their work, allowing for more precise risk assessments. Current trends affecting insurance underwriters include the increasing use of AI and machine learning to automate risk assessment processes, growing importance of data privacy, and the changing insurance needs due to global economic dynamics and climate change.
