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The differences between health underwriters and insurance underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a health underwriter has an average salary of $81,313, which is higher than the $64,163 average annual salary of an insurance underwriter.
The top three skills for a health underwriter include underwriting guidelines, medical history and risk assessments. The most important skills for an insurance underwriter are health insurance, insurance underwriting, and insurance coverage.
| Health Underwriter | Insurance Underwriter | |
| Yearly salary | $81,313 | $64,163 |
| Hourly rate | $39.09 | $30.85 |
| Growth rate | -4% | -4% |
| Number of jobs | 52,926 | 39,026 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A health underwriter is faced with the responsibility of determining if an individual who has applied for a health insurance plan truly qualifies for it. This job is very important, as they will be tasked with ensuring that individuals do not only buy a health insurance plan when they are sick or require urgent medical attention. They may be responsible for choosing which risks a health insurance company will bear and the specific conditions in which clients' health will be covered.
An insurance underwriter specializes in identifying and assessing financial risks in insurance policies. It is their duty to gather and review insurance applications, understand the coverage of policies and claims, determine a client's ability to uphold financial obligations by studying their personal information, and develop strategies to prevent the impact of risks and financial losses. They may also negotiate with external parties while adhering to the company's rules and regulations. Moreover, there are instances when an insurance underwriter must produce progress reports and presentations for managers and executives.
Health underwriters and insurance underwriters have different pay scales, as shown below.
| Health Underwriter | Insurance Underwriter | |
| Average salary | $81,313 | $64,163 |
| Salary range | Between $56,000 And $117,000 | Between $35,000 And $116,000 |
| Highest paying City | - | Hartford, CT |
| Highest paying state | - | Connecticut |
| Best paying company | - | Citi |
| Best paying industry | - | - |
There are a few differences between a health underwriter and an insurance underwriter in terms of educational background:
| Health Underwriter | Insurance Underwriter | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between health underwriters' and insurance underwriters' demographics:
| Health Underwriter | Insurance Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 40.3% Female, 59.7% | Male, 33.4% Female, 66.6% |
| Race ratio | Black or African American, 8.9% Unknown, 2.5% Hispanic or Latino, 10.1% Asian, 5.8% White, 72.3% 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% |