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The differences between commercial lines underwriters and underwriting technicians 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 $44,704 average annual salary of an underwriting technician.
The top three skills for a commercial lines underwriter include CPCU, multi-line and commercial property. The most important skills for an underwriting technician are cancellations, insurance policies, and data entry.
| Commercial Lines Underwriter | Underwriting Technician | |
| Yearly salary | $67,892 | $44,704 |
| Hourly rate | $32.64 | $21.49 |
| Growth rate | -4% | -4% |
| Number of jobs | 33,047 | 8,615 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 54% |
| 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.
Underwriting technicians may also be known as underwriters or underwriting assistants. They determine which customers qualify for various insurance policies or loans. Their duties include finding information, writing quote letters, checking customer eligibility, and arranging loans. They are expected to carry out background checks and credit history checks for clients seeking insurance. They diligently analyze applications of clients based on certain criteria.
Commercial lines underwriters and underwriting technicians have different pay scales, as shown below.
| Commercial Lines Underwriter | Underwriting Technician | |
| Average salary | $67,892 | $44,704 |
| Salary range | Between $44,000 And $104,000 | Between $28,000 And $69,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a commercial lines underwriter and an underwriting technician in terms of educational background:
| Commercial Lines Underwriter | Underwriting Technician | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines underwriters' and underwriting technicians' demographics:
| Commercial Lines Underwriter | Underwriting Technician | |
| Average age | 44 | 44 |
| Gender ratio | Male, 43.1% Female, 56.9% | Male, 25.2% Female, 74.8% |
| 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, 8.9% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 73.1% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |