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The differences between personal lines underwriters and insurance underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a personal lines underwriter has an average salary of $69,706, which is higher than the $64,163 average annual salary of an insurance underwriter.
The top three skills for a personal lines underwriter include insurance policies, underwriting decisions and loss ratio. The most important skills for an insurance underwriter are health insurance, insurance underwriting, and insurance coverage.
| Personal Lines Underwriter | Insurance Underwriter | |
| Yearly salary | $69,706 | $64,163 |
| Hourly rate | $33.51 | $30.85 |
| Growth rate | -4% | -4% |
| Number of jobs | 19,754 | 39,026 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A personal lines underwriter works at insurance companies to ensure that clients are eligible to receive insurance services. Their responsibilities include gathering and analyzing insurance applications, verifying client information, studying financial histories and occupational risks, and conducting interviews. They may also perform clerical support tasks such as preparing and processing documents, handling calls and correspondence, and updating databases. Moreover, a personal lines underwriter typically works in a team setting, which requires an active communication line for a smooth and efficient workflow.
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.
Personal lines underwriters and insurance underwriters have different pay scales, as shown below.
| Personal Lines Underwriter | Insurance Underwriter | |
| Average salary | $69,706 | $64,163 |
| Salary range | Between $43,000 And $111,000 | Between $35,000 And $116,000 |
| Highest paying City | New York, NY | Hartford, CT |
| Highest paying state | New York | Connecticut |
| Best paying company | Capital Group | Citi |
| Best paying industry | Insurance | - |
There are a few differences between a personal lines underwriter and an insurance underwriter in terms of educational background:
| Personal Lines Underwriter | Insurance Underwriter | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between personal lines underwriters' and insurance underwriters' demographics:
| Personal Lines Underwriter | Insurance Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 43.1% Female, 56.9% | Male, 33.4% Female, 66.6% |
| Race ratio | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.8% Asian, 5.7% White, 72.5% 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% |