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Commercial lines underwriter vs bond underwriter

The differences between commercial lines underwriters and bond underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a bond underwriter has an average salary of $78,172, which is higher than the $67,892 average annual salary of a commercial lines underwriter.

The top three skills for a commercial lines underwriter include CPCU, multi-line and commercial property. The most important skills for a bond underwriter are surety, financial strength, and bonds.

Commercial lines underwriter vs bond underwriter overview

Commercial Lines UnderwriterBond Underwriter
Yearly salary$67,892$78,172
Hourly rate$32.64$37.58
Growth rate-4%-4%
Number of jobs33,0476,164
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 85%
Average age4444
Years of experience--

Commercial lines underwriter vs bond underwriter salary

Commercial lines underwriters and bond underwriters have different pay scales, as shown below.

Commercial Lines UnderwriterBond Underwriter
Average salary$67,892$78,172
Salary rangeBetween $44,000 And $104,000Between $53,000 And $113,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between commercial lines underwriter and bond underwriter education

There are a few differences between a commercial lines underwriter and a bond underwriter in terms of educational background:

Commercial Lines UnderwriterBond Underwriter
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 85%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial lines underwriter vs bond underwriter demographics

Here are the differences between commercial lines underwriters' and bond underwriters' demographics:

Commercial Lines UnderwriterBond Underwriter
Average age4444
Gender ratioMale, 43.1% Female, 56.9%Male, 54.7% Female, 45.3%
Race ratioBlack or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 10.1% Asian, 5.8% White, 72.1% American Indian and Alaska Native, 0.4%Black or African American, 8.0% Unknown, 2.5% Hispanic or Latino, 10.4% Asian, 5.9% White, 72.8% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between commercial lines underwriter and bond underwriter duties and responsibilities

Commercial lines 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.

Bond underwriter example responsibilities.

  • Manage AUS findings and analyze approvals and results accordingly.
  • Analyze construction companies for contract surety bond credit; conduct financial analysis of corporate financial statements.
  • Work closely with multiple insurance agents on underwriting fidelity bonds.
  • Obtain information from clients and underwrite and execute bonds as attorney-in-fact.
  • Determine desirability of surety accounts through review and financial analysis by working with agents and clients.
  • Review individual mortgage origination/post origination documentation and perform database research.
  • Show more

Commercial lines underwriter vs bond underwriter skills

Common commercial lines underwriter skills
  • CPCU, 14%
  • Multi-Line, 13%
  • Commercial Property, 8%
  • Loss Ratio, 7%
  • Renewal Retention, 4%
  • Risk Selection, 4%
Common bond underwriter skills
  • Surety, 40%
  • Financial Strength, 19%
  • Bonds, 15%
  • Underwriting Guidelines, 8%
  • Contractor Clients, 4%
  • Loss Ratio, 3%

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