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The differences between commercial lines underwriters and underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial lines underwriter has an average salary of $67,892, which is higher than the $61,751 average annual salary of an underwriter.
The top three skills for a commercial lines underwriter include CPCU, multi-line and commercial property. The most important skills for an underwriter are customer service, investor guidelines, and mortgage loans.
| Commercial Lines Underwriter | Underwriter | |
| Yearly salary | $67,892 | $61,751 |
| Hourly rate | $32.64 | $29.69 |
| Growth rate | -4% | -4% |
| Number of jobs | 33,047 | 8,510 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 66% |
| Average age | 44 | 44 |
| Years of experience | - | - |
Commercial lines underwriters are professionals who are responsible for reviewing corporate insurance applications to evaluate the risk involved and to approve or disapprove applicants. These underwriters are required to analyze the business information of their clients as well as monitor their activities to change insurance policies when risk is high or substandard. They must contact outside parties to discuss and explain underwriting policies as well as quote rates. Commercial lines underwriters must also utilize underwriting guidelines so that they can determine the loss-ratio history and loss-control reports.
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
Commercial lines underwriters and underwriters have different pay scales, as shown below.
| Commercial Lines Underwriter | Underwriter | |
| Average salary | $67,892 | $61,751 |
| Salary range | Between $44,000 And $104,000 | Between $39,000 And $96,000 |
| Highest paying City | - | Boston, MA |
| Highest paying state | - | Massachusetts |
| Best paying company | - | |
| Best paying industry | - | Manufacturing |
There are a few differences between a commercial lines underwriter and an underwriter in terms of educational background:
| Commercial Lines Underwriter | Underwriter | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines underwriters' and underwriters' demographics:
| Commercial Lines Underwriter | Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 43.1% Female, 56.9% | Male, 38.4% Female, 61.6% |
| Race ratio | Black 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, 9.2% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |