Insurance adjuster vs underwriter

The differences between insurance adjusters and underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, an underwriter has an average salary of $61,751, which is higher than the $57,315 average annual salary of an insurance adjuster.

The top three skills for an insurance adjuster include insurance policies, customer service and liability claims. The most important skills for an underwriter are customer service, investor guidelines, and mortgage loans.

Insurance adjuster vs underwriter overview

	Insurance Adjuster	Underwriter
Yearly salary	$57,315	$61,751
Hourly rate	$27.56	$29.69
Growth rate	-6%	-4%
Number of jobs	44,837	8,510
Job satisfaction	3	3
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 66%
Average age	44	44
Years of experience	4	-

Insurance adjuster vs underwriter salary

Insurance adjusters and underwriters have different pay scales, as shown below.

	Insurance Adjuster	Underwriter
Average salary	$57,315	$61,751
Salary range	Between $40,000 And $80,000	Between $39,000 And $96,000
Highest paying City	Hagerstown, MD	Boston, MA
Highest paying state	New Jersey	Massachusetts
Best paying company	Cunningham Lindsey	Google
Best paying industry	Insurance	Manufacturing

Differences between insurance adjuster and underwriter education

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

	Insurance Adjuster	Underwriter
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Insurance adjuster vs underwriter demographics

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

	Insurance Adjuster	Underwriter
Average age	44	44
Gender ratio	Male, 66.6% Female, 33.4%	Male, 38.4% Female, 61.6%
Race ratio	Black or African American, 13.0% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 60.8% American Indian and Alaska Native, 0.5%	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	10%	9%

Differences between insurance adjuster and underwriter duties and responsibilities

Insurance adjuster example responsibilities.

Achieve targeted performance goals in every aspect to manage costs and support Allstate's industry-leading operational standards.
Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
Train in Xactimate estimation and sketch programs.
Manage and dispose of claims in litigation by preparing and developing strategy with defense counsel and consensus relative to litigation handling.
Skil in complex arbitration and mediation negotiations.
Recommend files for arbitration or litigation base on evidence available and inability to compromise with adverse party.

Underwriter example responsibilities.

Attain Jr. underwriter status and AUS underwriting authority.
Manage AUS findings and analyze approvals and results accordingly.
Complete initial review of appraisals, borrower credit documents, and DU/LP findings according to Fannie Mae and investor guidelines.
Research and develop SBA program.
Work on project putting together HPR policy.
Resolve issues preventing final disposition of REO properties.

Insurance adjuster vs underwriter skills

Common insurance adjuster skills

Insurance Policies, 15%
Customer Service, 15%
Liability Claims, 9%
Auto Claims, 7%
Catastrophe Claims, 5%
Public Adjusters, 4%

Common underwriter skills

Customer Service, 11%
Investor Guidelines, 6%
Mortgage Loans, 5%
Underwriting Guidelines, 5%
Financial Statements, 4%
FHA, 3%