Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between property underwriters and health 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 $71,730 average annual salary of a property underwriter.
The top three skills for a property underwriter include CPCU, underwriting guidelines and insurance coverage. The most important skills for a health underwriter are underwriting guidelines, medical history, and risk assessments.
| Property Underwriter | Health Underwriter | |
| Yearly salary | $71,730 | $81,313 |
| Hourly rate | $34.49 | $39.09 |
| Growth rate | -4% | -4% |
| Number of jobs | 11,643 | 52,926 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Average age | 44 | 44 |
| Years of experience | - | - |
Property Underwriters will require skills in underwriting guidelines, sales territories, CPCU, analysis, math, interpersonal communication, and a bachelor's degree in economics, business, accounting, finance, or mathematics for this career choice. Also, on-the-job training may be needed from senior underwriters and completion of certification programs. Paying an annual salary of $82K, those who choose this career will help determine coverage amounts and premiums on property. This may include houses, land, boats, cars, or other properties of sufficient value.
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.
Property underwriters and health underwriters have different pay scales, as shown below.
| Property Underwriter | Health Underwriter | |
| Average salary | $71,730 | $81,313 |
| Salary range | Between $45,000 And $111,000 | Between $56,000 And $117,000 |
| Highest paying City | Boston, MA | - |
| Highest paying state | Massachusetts | - |
| Best paying company | Chubb | - |
| Best paying industry | Finance | - |
There are a few differences between a property underwriter and a health underwriter in terms of educational background:
| Property Underwriter | Health Underwriter | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between property underwriters' and health underwriters' demographics:
| Property Underwriter | Health Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 47.1% Female, 52.9% | Male, 40.3% Female, 59.7% |
| Race ratio | Black or African American, 9.7% Unknown, 2.5% Hispanic or Latino, 9.9% Asian, 5.7% White, 71.9% American Indian and Alaska Native, 0.4% | 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% |
| LGBT Percentage | 9% | 9% |