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The differences between insurance underwriters, sales and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance underwriter, sales has an average salary of $40,226, which is higher than the $37,864 average annual salary of an agent.
The top three skills for an insurance underwriter, sales include lead generation, financial services and customer service. The most important skills for an agent are insurance products, customer service, and life insurance.
| Insurance Underwriter, Sales | Agent | |
| Yearly salary | $40,226 | $37,864 |
| Hourly rate | $19.34 | $18.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 50,699 | 184,325 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 44% |
| Average age | 46 | 46 |
| Years of experience | - | - |
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.
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. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.
Insurance underwriters, sales and agents have different pay scales, as shown below.
| Insurance Underwriter, Sales | Agent | |
| Average salary | $40,226 | $37,864 |
| Salary range | Between $28,000 And $56,000 | Between $19,000 And $72,000 |
| Highest paying City | Los Angeles, CA | New York, NY |
| Highest paying state | Wisconsin | New York |
| Best paying company | New York Life Insurance | Latham & Watkins |
| Best paying industry | Insurance | - |
There are a few differences between an insurance underwriter, sales and an agent in terms of educational background:
| Insurance Underwriter, Sales | Agent | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance underwriters, sales' and agents' demographics:
| Insurance Underwriter, Sales | Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 61.0% Female, 39.0% | Male, 50.5% Female, 49.5% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.1% American Indian and Alaska Native, 0.1% | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |