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Insurance underwriter, sales hiring summary. Here are some key points about hiring insurance underwriters, sales in the United States:
Here's a step-by-step insurance underwriter, sales hiring guide:
A sales insurance underwriter evaluates new or renewal applications in turn for insurance coverage for companies and individuals. Insurance underwriters analyze insurance proposal risks and identify policy terms. They perform calculations on premiums based on statistical, background, and actuarial information. Several insurance businesses and companies operate graduate schemes that offer to underwrite. Among the necessary skills for this job include communication, decision making, and detail orientation.
Before you post your insurance underwriter, sales job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find an insurance underwriter, sales for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them an insurance underwriter, sales to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an insurance underwriter, sales that fits the bill.
This list presents insurance underwriter, sales salaries for various positions.
| Type of Insurance Underwriter, Sales | Description | Hourly rate |
|---|---|---|
| Insurance Underwriter, Sales | Insurance sales agents help insurance companies generate new business by contacting potential customers and selling one or more types of insurance. Insurance sales agents explain various insurance policies and help clients choose plans that suit them. | $13-26 |
| Agent | Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors... Show more | $9-34 |
| Sales Representative Internship | In a sales representative internship, an intern's duties depend on the directives of a supervising staff or manager. Typically, they are responsible for gaining industry insights while performing clerical tasks such as preparing and processing documents, greeting visitors, disseminating and organizing files, and running errands as needed... Show more | $12-20 |
Including a salary range in the insurance underwriter, sales job description is a good way to get more applicants. An insurance underwriter, sales salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for an insurance underwriter, sales in Virginia may be lower than in Wisconsin, and an entry-level engineer typically earns less than a senior-level insurance underwriter, sales. Additionally, an insurance underwriter, sales with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $44,758 | $22 |
| 2 | New York | $43,347 | $21 |
| 3 | Arizona | $42,688 | $21 |
| 4 | Texas | $42,230 | $20 |
| 5 | Nebraska | $41,804 | $20 |
| 6 | Minnesota | $41,256 | $20 |
| 7 | Oregon | $40,248 | $19 |
| 8 | Ohio | $39,769 | $19 |
| 9 | South Carolina | $39,252 | $19 |
| 10 | Indiana | $38,924 | $19 |
| 11 | Maryland | $38,134 | $18 |
| 12 | North Carolina | $37,798 | $18 |
| 13 | Colorado | $37,397 | $18 |
| 14 | Arkansas | $37,356 | $18 |
| 15 | Kansas | $36,324 | $17 |
| 16 | Georgia | $35,832 | $17 |
| 17 | Florida | $35,726 | $17 |
| 18 | Tennessee | $35,227 | $17 |
| 19 | Virginia | $35,188 | $17 |
| 20 | Utah | $34,734 | $17 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | New York Life Insurance | $44,311 | $21.30 | 104 |
| 2 | Symmetry Financial Group | $44,223 | $21.26 | 12 |
| 3 | HealthMarkets | $44,174 | $21.24 | 2 |
| 4 | Family First Life | $44,078 | $21.19 | |
| 5 | Fedele Insurance Services | $40,905 | $19.67 | |
| 6 | The Jonus Group | $40,824 | $19.63 | 59 |
| 7 | Davis & Company | $40,790 | $19.61 | |
| 8 | Bankers Life Insurance Company | $40,072 | $19.27 | 6 |
| 9 | McMichael and Gray | $39,702 | $19.09 | |
| 10 | I Tech Solutions | $39,494 | $18.99 | |
| 11 | The Hanover Insurance Group | $38,909 | $18.71 | 49 |
| 12 | Insurance Incorporated | $38,857 | $18.68 | 3 |
| 13 | Rockstar Games | $38,720 | $18.62 | |
| 14 | GEICO | $38,600 | $18.56 | 48 |
| 15 | Texas Farm Bureau Insurance Companies | $38,308 | $18.42 | 76 |
| 16 | Allstate | $37,118 | $17.85 | 85 |
| 17 | Farmers Insurance | $37,075 | $17.82 | 197 |
| 18 | The Hartford | $36,230 | $17.42 | 158 |
An insurance underwriter, sales job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an insurance underwriter, sales job description:
To find insurance underwriters, sales for your business, try out a few different recruiting strategies:
To successfully recruit insurance underwriters, sales, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect insurance underwriter, sales candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
Once that's done, you can draft an onboarding schedule for the new insurance underwriter, sales. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Before you start to hire insurance underwriters, sales, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire insurance underwriters, sales pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for insurance underwriters, sales is $40,226 in the US. However, the cost of insurance underwriter, sales hiring can vary a lot depending on location. Additionally, hiring an insurance underwriter, sales for contract work or on a per-project basis typically costs between $13 and $26 an hour.