Commercial insurance underwriting assistant salary

They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting. In all fields, assistant underwriters must cultivate good relationships with clients and be able to obtain client information quickly and accurately. They must be able to accurately assess risks while remaining within their organization's regulations and relevant laws.

Commercial insurance underwriting assistant salary

Commercial Insurance Median Salary by Job

They hire underwriting assistants to help them analyze information on insurance applications, screen clients based on company criteria, and evaluate recommendations with underwriting computer software. These professionals usually work for insurance and benefits companies, or local government agencies.

Many companies prefer hiring underwriting assistants with bachelor's degrees in business, insurance or economics, and at least one year of experience in property, casualty or health insurance. These are the requirements of underwriters -- a position in which many assistants will eventually get promoted.

An underwriting assistant may also qualify for a job by getting certified as an Associate in Consumer Underwriting or Associate in Personal Insurance through the Insurance Institute of America. A high school education can suffice in this job, but the candidate must usually have two or more years of industry experience.

Other key qualifications include an attention to detail and analytical, decision-making, communication, customer service and math skills. Salary by Region Inaverage salaries for underwriting assistants varied significantly within certain U.

Contributing Factors Underwriting assistants usually earn higher salaries as they gain experience. They may qualify for higher-paying jobs once they have two to five years of experience assisting underwriters. These professionals may also earn more in certain industries.

An Underwriting assistant may also earn more working for local government.

commercial insurance underwriting assistant salary

It does forecast job opportunities for insurance underwriters, which will only grow 6 percent in the next decade -- slower than average compared to most occupations.

More insurance underwriters and their assistants are using automated software, which negatively impacts demand for their services.

Moreover, underwriting assistants, as underwriters, may find more job opportunities in the health care industry. All employees and self-employed workers must be insured in because of federal regulation, which should produce more jobs for underwriting assistants. Bureau of Labor Statistics. In, people were employed in the U.Insurance Placement Solutions has an immediate opening for a Commercial General Liability/Auto Claims Team Lead with our client in their Detroit, MI location.

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commercial insurance underwriting assistant salary
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