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The differences between underwriting consultants and personal lines underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, an underwriting consultant has an average salary of $71,693, which is higher than the $69,706 average annual salary of a personal lines underwriter.
The top three skills for an underwriting consultant include life insurance, national accounts and underwriting guidelines. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Underwriting Consultant | Personal Lines Underwriter | |
| Yearly salary | $71,693 | $69,706 |
| Hourly rate | $34.47 | $33.51 |
| Growth rate | -4% | -4% |
| Number of jobs | 6,804 | 19,754 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | - | - |
An underwriting consultant is an individual who provides underwriting guidelines to underwriters as well as coordinates revision of the underwriting manual. Underwriting consultants are required to handle complex cases and situations by using their strong knowledge of company services, product standards, and underwriting policies. They must use their verbal and written communication skills to guide the account management team across several business segments. Underwriting consultants must also assist with special projects and handle confidential matters assigned by the senior consultant or manager.
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.
Underwriting consultants and personal lines underwriters have different pay scales, as shown below.
| Underwriting Consultant | Personal Lines Underwriter | |
| Average salary | $71,693 | $69,706 |
| Salary range | Between $49,000 And $103,000 | Between $43,000 And $111,000 |
| Highest paying City | Boston, MA | New York, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | CVS Health | Capital Group |
| Best paying industry | Health Care | Insurance |
There are a few differences between an underwriting consultant and a personal lines underwriter in terms of educational background:
| Underwriting Consultant | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between underwriting consultants' and personal lines underwriters' demographics:
| Underwriting Consultant | Personal Lines Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 43.1% Female, 56.9% |
| Race ratio | Black or African American, 9.1% Unknown, 2.5% Hispanic or Latino, 9.7% Asian, 5.7% White, 72.8% American Indian and Alaska Native, 0.4% | 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% |
| LGBT Percentage | 9% | 9% |