Account underwriter vs insurance underwriter

The differences between account underwriters and insurance underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, an account underwriter has an average salary of $74,374, which is higher than the $64,163 average annual salary of an insurance underwriter.

The top three skills for an account underwriter include risk management, underwriting process and underwriting guidelines. The most important skills for an insurance underwriter are health insurance, insurance underwriting, and insurance coverage.

Account underwriter vs insurance underwriter overview

	Account Underwriter	Insurance Underwriter
Yearly salary	$74,374	$64,163
Hourly rate	$35.76	$30.85
Growth rate	-4%	-4%
Number of jobs	56,487	39,026
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 67%
Average age	44	44
Years of experience	-	-

Account underwriter vs insurance underwriter salary

Account underwriters and insurance underwriters have different pay scales, as shown below.

	Account Underwriter	Insurance Underwriter
Average salary	$74,374	$64,163
Salary range	Between $49,000 And $111,000	Between $35,000 And $116,000
Highest paying City	-	Hartford, CT
Highest paying state	-	Connecticut
Best paying company	-	Citi
Best paying industry	-	-

Differences between account underwriter and insurance underwriter education

There are a few differences between an account underwriter and an insurance underwriter in terms of educational background:

	Account Underwriter	Insurance Underwriter
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Account underwriter vs insurance underwriter demographics

Here are the differences between account underwriters' and insurance underwriters' demographics:

	Account Underwriter	Insurance Underwriter
Average age	44	44
Gender ratio	Male, 43.4% Female, 56.6%	Male, 33.4% Female, 66.6%
Race ratio	Black or African American, 9.8% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.1% American Indian and Alaska Native, 0.4%	Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.9% Asian, 5.7% White, 72.3% American Indian and Alaska Native, 0.4%
LGBT Percentage	9%	9%

Differences between account underwriter and insurance underwriter duties and responsibilities

Account underwriter example responsibilities.

Review individual mortgage origination/post origination documentation and perform database research.
Review individual mortgage origination/post origination documentation and perform database research.

Insurance underwriter example responsibilities.

Manage patient's records, appointments, and account balances while adhering to HIPPA standards.
Manage A/R, A/P, credentialing, surgery scheduling, and coordinate patient referrals to other physicians.
Manage operating procedure and accounting systems for payroll, operating expenses, supplies and inventory management and commercial accounts.
Prepare all HCFA billing with proper ICD-9 codes and CPT codes for accurate turn around time on payments.
Follow up with insurance carriers and patients to expedite the recovery of payment obligations
File insurance and process billing and payments, coordinate patients financial arrangements, present treatment plans, verify insurance coverage.

Account underwriter vs insurance underwriter skills

Common account underwriter skills

Risk Management, 24%
Underwriting Process, 17%
Underwriting Guidelines, 13%
Underwriting Authority, 10%
Financial Analysis, 9%
National Accounts, 6%

Common insurance underwriter skills

Health Insurance, 11%
Insurance Underwriting, 8%
Insurance Coverage, 8%
Customer Service, 8%
Underwriting Guidelines, 7%
Insurance Products, 6%

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Account Underwriter
Account Underwriter vs Insurance Underwriter

Updated January 8, 2025

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