FIND PERSONALIZED JOBS
Sign up to Zippia and discover your career options with your personalized career search.
Sorry, we can't find that. Please try a different city or state.
APPLY NOW
Apply Now
×
FIND
PERSONALIZED JOBS

Sorry, we can't find that. Please try a different city or state.

CONTENT HAS
BEEN UNLOCKED
Close this window to view unlocked content
or
find interesting jobs in

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

Sign Up

SIGN UP TO UNLOCK CONTENT

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

Sign up to save the job and get personalized job recommendations.

Sign up to dismiss the job and get personalized job recommendations.

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Already have an account? Log in

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Company Saved

Answer a few questions and view jobs at that match your preferences.

Where do you want to work?

Job Saved

See your Saved Jobs now

or

find more interesting jobs in

Job Dismissed

Find better matching jobs in

Your search has been saved!

Become An Underwriting Associate

Where do you want to work?

To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.

Working As An Underwriting Associate

  • Getting Information
  • Making Decisions and Solving Problems
  • Analyzing Data or Information
  • Processing Information
  • Documenting/Recording Information
  • Mostly Sitting

  • Make Decisions

  • Repetitive

  • Stressful

  • $76,000

    Average Salary

What Does An Underwriting Associate Do

Insurance underwriters decide whether to provide insurance and under what terms. They evaluate insurance applications and determine coverage amounts and premiums.

Duties

Insurance underwriters typically do the following:

  • Analyze information stated on insurance applications
  • Determine the risk involved in insuring a client
  • Screen applicants on the basis of set criteria
  • Evaluate recommendations from underwriting software
  • Contact field representatives, medical personnel, and others to obtain further information
  • Decide whether to offer insurance
  • Determine appropriate premiums and amounts of coverage

Underwriters are the main link between an insurance company and an insurance agent. Insurance underwriters use computer software programs to determine whether to approve an applicant. They take specific information about a client and enter it into a program. The program then provides recommendations on coverage and premiums. Underwriters evaluate these recommendations and decide whether to approve or reject the application. If a decision is difficult, they may consult additional sources, such as medical documents and credit scores.

Underwriters analyze the risk factors appearing on an application. For instance, if an applicant reports a previous bankruptcy, the underwriter must determine whether that information is relevant to the current policy. The underwriter would consider how far in the past the bankruptcy occurred and how the applicant’s financial situation has changed since the applicant filed for bankruptcy.

Insurance underwriters must achieve a balance between risky and cautious decisions. If underwriters allow too much risk, the insurance company will pay out too many claims. But if they don't approve enough applications, the company will not make enough money from premiums.

Most insurance underwriters specialize in one of three broad fields: life, health, and property and casualty. Although the job duties in each field are similar, the criteria that underwriters use vary. For example, for someone seeking life insurance, underwriters consider age and financial history. For someone applying for car insurance (a form of property and casualty insurance), underwriters consider the person’s driving record.

Within the broad field of property and casualty, underwriters may specialize even further, into commercial (business) insurance or personal insurance. They may also specialize by the type of policy, such as insuring automobiles, boats (marine insurance), or homes (homeowners’ insurance).

Show More

Show Less

How To Become An Underwriting Associate

Employers prefer to hire candidates who have a bachelor’s degree. However, insurance-related work experience and strong computer skills may be enough. Certification is generally necessary for advancement to senior underwriter and underwriter manager positions.

Education

Most firms prefer to hire applicants who have a bachelor’s degree. Courses in business, finance, economics, and mathematics are particularly helpful.

Training

Beginning underwriters usually work as trainees under the supervision of senior underwriters. Trainees work on basic applications and learn the most common risk factors. As they gain experience, they become responsible for more complex applications and work independently.

Licenses, Certifications, and Registrations

Employers often expect underwriters to become certified through coursework. Courses are important for keeping current with new insurance policies and for adjusting to new technology and changes in state and federal regulations. Certification is often necessary for advancement to senior underwriter and underwriter management positions. Many certification options are available.

For underwriters with at least 3 years of insurance experience, The Institutes offer the Chartered Property and Casualty Underwriter (CPCU) designation. For beginning underwriters, The Institutes offer a training program.

The Institutes also offer two special designations: Associate in Commercial Underwriting (AU) and Associate in Personal Insurance (API). To earn either the AU or API designation, underwriters complete a series of courses and exams that generally take 1 to 2 years.

The National Association of Insurance and Financial Advisors offers an introductory course in basic insurance concepts: the Life Underwriter Training Council Fellow (LUTCF). The American College of Financial Services offers the Chartered Life Underwriter (CLU) certification.

Important Qualities

Analytical skills. Underwriters must be able to evaluate information from a variety of sources and solve complex problems.

Decisionmaking skills. Underwriters must consider the costs and benefits of various decisions and choose the appropriate one.

Detail oriented. Underwriters must pay attention to detail, because each individual item on an insurance application can affect the coverage decision.

Interpersonal skills. Underwriters need good communication and interpersonal skills because much of their work involves dealing with other people, such as insurance agents.

Math skills. Determining the probability of losses on an insurance policy and calculating appropriate premiums require mathematical ability.

Show More

Show Less

Do you work as an Underwriting Associate?

Send To A Friend

Underwriting Associate Jobs

NO RESULTS

Aw snap, no jobs found.

Add To My Jobs

Underwriting Associate Career Paths

Underwriting Associate
Underwriter Senior Underwriter
Underwriting Manager
8 Yearsyrs
Underwriter Team Leader Office Manager
Office Manager Of Human Resources
6 Yearsyrs
Underwriter Team Leader Branch Manager
Manager, Assistant Vice President
7 Yearsyrs
Senior Underwriter Assistant Vice President
Controller, Vice President
11 Yearsyrs
Senior Underwriter Operations Manager Property Manager
Portfolio Manager
7 Yearsyrs
Account Executive Manager Office Manager
Accountant And Office Manager
6 Yearsyrs
Account Executive Account Manager
Relationship Manager
6 Yearsyrs
Account Executive Sales Manager Account Manager
Commercial Account Manager
8 Yearsyrs
Commercial Underwriter Account Manager Vice President
Vice President And Portfolio Manager
10 Yearsyrs
Commercial Underwriter Office Manager Chief Finance Officer
Chief Administrative Officer
11 Yearsyrs
Commercial Underwriter Portfolio Manager Operations Director
Assistant Vice President Operations
8 Yearsyrs
Business Analyst Owner Senior Vice President
Chief Risk Officer
9 Yearsyrs
Business Analyst Supervisor Unit Manager
Risk Manager
8 Yearsyrs
Business Analyst Operations Manager Client Services Manager
Client Manager
6 Yearsyrs
Commercial Lines Underwriter Underwriting Manager
Underwriting Director
8 Yearsyrs
Claims Representative Specialist Benefit Specialist
Employee Benefits Manager
7 Yearsyrs
Claims Representative Operations Specialist Solution Specialist
Business Account Manager
6 Yearsyrs
Loan Processor Staff Accountant Fund Accountant
Client Account Manager
6 Yearsyrs
Show More
Share

Do you work as an Underwriting Associate?

Average Yearly Salary
$76,000
View Detailed Salary Report
$38,000
Min 10%
$76,000
Median 50%
$76,000
Median 50%
$76,000
Median 50%
$76,000
Median 50%
$76,000
Median 50%
$76,000
Median 50%
$76,000
Median 50%
$154,000
Max 90%
Best Paying Company
W. R. Berkley
Highest Paying City
Bismarck, ND
Highest Paying State
North Dakota
Avg Experience Level
3.1 years
How much does an Underwriting Associate make at top companies?
The national average salary for an Underwriting Associate in the United States is $76,888 per year or $37 per hour. Those in the bottom 10 percent make under $38,000 a year, and the top 10 percent make over $154,000.

Real Underwriting Associate Salaries

Job Title Company Location Start Date Salary
Underwriting Associate, Engineering Large and Spec Nationale Suisse Latin America LLC Miami, FL Jan 15, 2014 $210,000
Underwriting Associate, Engineering Large & Specia Nationale Suisse Latin America LLC Miami, FL Jan 15, 2011 $165,000
Quantitative Associate, Securities Underwriting Hudson Americas L.P. New York, NY Jan 02, 2016 $140,000 -
$150,000
Quantitative Associate, Securities Underwriting Hudson Americas LLC New York, NY Aug 12, 2015 $120,000 -
$140,000
Underwriting Associate Jpmorgan Chase & Co. New York, NY Jun 09, 2016 $82,000 -
$95,000
Associate Treaty Underwriter Swiss Re America Holding Corporation Miami, FL Dec 12, 2016 $80,000 -
$81,000
Underwriting Associate Plymouth Rock Assurance Corporation Boston, MA Sep 26, 2010 $79,750
Associate Casualty Underwriter North American Specialty Insurance Company Chicago, IL Dec 05, 2009 $76,500
Underwriting Associate Plymouth Rock Assurance Corporation Boston, MA Apr 26, 2010 $68,000
Associate Treaty Underwriter Swiss Re America Holding Corporation Miami, FL Aug 19, 2016 $66,643 -
$77,100
Underwriting Associate Colony American Finance, LLC Irvine, CA Dec 15, 2014 $65,000
Underwriting Associate Plymouth Rock Assurance Corporation Boston, MA Jul 02, 2010 $64,918
Associate Underwriter Endurance Services Ltd. Los Angeles, CA Mar 20, 2013 $63,000
Associate Underwriter Distinguished Programs New York, NY Sep 14, 2014 $62,610
Underwriting Professional Associate National Union Fire Insurance Company of Pittsburg New York, NY Sep 01, 2014 $60,000
Underwriting Professional Associate National Union Fire Insurance Company of Pittsburgh, Pa. New York, NY Jan 09, 2014 $60,000
Associate Underwriter XL Global Services, Inc. New York, NY Feb 22, 2016 $59,842 -
$66,950
Associate Underwriter First American Title Insurance Company New York, NY Nov 24, 2014 $58,365 -
$60,000
Underwriter Associate Hiscox Inc. San Francisco, CA Aug 26, 2016 $58,000
Senior Specialty Underwriting Associate The Chubb Corporation New York, NY Jun 01, 2014 $58,000
Associate Underwriter Ace American Insurance Company Los Angeles, CA Jan 05, 2015 $56,500
Associate Underwriter Ace American Insurance Company Los Angeles, CA Mar 23, 2015 $56,500
Underwriting Associate Starr Indemnity & Liability Company New York, NY Oct 01, 2012 $56,500

No Results

To get more results, try adjusting your search by changing your filters.

See More Salaries

How Would You Rate The Salary Of an Underwriting Associate?

Have you worked as an Underwriting Associate? Help other job seekers by rating your experience as an Underwriting Associate.

Top Skills for An Underwriting Associate

  1. Underwriting Guidelines
  2. Insurance Policies
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Review individual risks for acceptability and handle those within authority based on company underwriting guidelines and standards.
  • Provided customers and sales associates with detailed rating of property and casualty insurance policies.
  • Assisted in reviewing financial statements for acquiring a bond, and providing secretarial services to underwriters for commercial insurance company.
  • Researched premium and loss history analyzed current loss ratios and developed underwriting recommendations for accounts exceeding $100K.
  • Provide internal and external customer service by responding to customer service needs identifying solutions to problems.

Rank:

Average Salary:

Embed On Your Website

Top 10 Best States for Underwriting Associates

  1. Connecticut
  2. Nebraska
  3. Massachusetts
  4. Pennsylvania
  5. Rhode Island
  6. Minnesota
  7. Wisconsin
  8. New Hampshire
  9. North Dakota
  10. Iowa
  • (15 jobs)
  • (10 jobs)
  • (15 jobs)
  • (29 jobs)
  • (2 jobs)
  • (7 jobs)
  • (2 jobs)
  • (2 jobs)
  • (1 jobs)
  • (8 jobs)

Underwriting Associate Demographics

Gender

Female

58.5%

Male

31.1%

Unknown

10.3%
Ethnicity

White

62.8%

Hispanic or Latino

14.6%

Black or African American

11.6%

Asian

7.5%

Unknown

3.5%
Show More
Foreign Languages Spoken

Spanish

32.1%

Mandarin

10.7%

Chinese

8.9%

German

7.1%

Russian

7.1%

French

5.4%

Carrier

5.4%

Ukrainian

3.6%

Cantonese

3.6%

Polish

3.6%

Swedish

1.8%

Portuguese

1.8%

Vietnamese

1.8%

Japanese

1.8%

Hindi

1.8%

Bengali

1.8%

Italian

1.8%
Show More

Underwriting Associate Education

Schools

University of Phoenix

17.1%

Temple University

6.3%

San Francisco State University

5.7%

University of Georgia

5.7%

Kaplan University

5.7%

New York University

5.1%

University of Connecticut

5.1%

University of Missouri - Columbia

5.1%

Georgia State University

4.4%

Boston University

4.4%

Wayne State University

3.8%

University of Texas at Arlington

3.8%

University of Maryland - University College

3.8%

Illinois State University

3.8%

DePaul University

3.8%

Strayer University

3.8%

University of Nebraska at Omaha

3.2%

Ozarks Technical Community College

3.2%

Ohio State University

3.2%

John Tyler Community College

3.2%
Show More
Majors

Business

34.0%

Finance

13.4%

Insurance

7.4%

Accounting

6.2%

Economics

4.3%

Management

4.2%

Communication

3.4%

Psychology

3.4%

Health Care Administration

3.2%

Marketing

2.7%

Liberal Arts

2.5%

Political Science

2.5%

Human Resources Management

2.2%

Criminal Justice

2.0%

Legal Support Services

1.9%

Mathematics

1.6%

General Studies

1.4%

English

1.4%

Nursing

1.3%

Sociology

1.3%
Show More
Degrees

Bachelors

51.8%

Other

17.5%

Masters

13.1%

Associate

11.6%

Certificate

3.8%

License

0.8%

Doctorate

0.7%

Diploma

0.7%
Show More

Job type you want
Full Time
Part Time
Internship
Temporary

How Would You Rate Working As an Underwriting Associate?

Are you working as an Underwriting Associate? Help us rate Underwriting Associate as a Career.

Top Underwriting Associate Employers

Jobs From Top Underwriting Associate Employers

Underwriting Associate Videos

Chartered Property Casualty Underwriter (CPCU 500)

On The Job - Underwriter, Property

Insurance Underwriter Job Description

Related to your recently viewed content