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Insurance Underwriter II Salary in Elwin, Illinois

Insurance Underwriter II Salary in Elwin, IL

How much does an Insurance Underwriter II make in Elwin, IL? The average Insurance Underwriter II salary in Elwin, IL is $70,400 as of April 24, 2024, but the range typically falls between $63,100 and $81,300. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Insurance Underwriter II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Underwriter II Salary $56,454 Elwin,IL April 24, 2024
25th Percentile Insurance Underwriter II Salary $63,100 Elwin,IL April 24, 2024
50th Percentile Insurance Underwriter II Salary $70,400 Elwin,IL April 24, 2024
75th Percentile Insurance Underwriter II Salary $81,300 Elwin,IL April 24, 2024
90th Percentile Insurance Underwriter II Salary $91,224 Elwin,IL April 24, 2024
25% $63,100 10% $56,454 90% $91,224 75% $81,300 $70,400 50%(Median) Didn’t find job title? Click
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Check out Insurance Underwriter II Job Openings in Elwin, Illinois

Senior Management Liability Underwriter II- Private

Zurich Insurance Company Ltd. - Chicago, IL

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Construction Property Energy Underwriter (Level I or Level II)

Zurich Insurance Company Ltd. - Chicago, IL

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Associate Underwriter II (Hybrid or Remote)

Mid-Continent Group - Chicago, IL

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Construction Insurance Underwriter

Hire Integrated - Chicago, IL

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Job Description

The Insurance Underwriter II utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Being a Insurance Underwriter II ensures that underwriting activities comply with all industry and governmental regulations. Calculates renewal rates. In addition, Insurance Underwriter II may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Being a Insurance Underwriter II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Working as a Insurance Underwriter II typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Insurance Underwriter II in Elwin, IL
  • Zurich Insurance Company Ltd. - Chicago, IL
    Zurich is currently looking for a Senior Management Liability Underwriter II to work out of our Chicago office. You will be responsible for utilizing your ...
    - 3 Days Ago
  • Zurich Insurance Company Ltd. - Chicago, IL
    pspan style=font-size:12.0pxspan style=font-family:Arial, Helvetica, sans-serifspanspan style=color:blackZurich gives you the tools and support to construc...
    - 5 Days Ago
  • Mid-Continent Group - Chicago, IL
    Essential Job Functions and Responsibilities. Underwrite, price, and negotiate accounts consistent with the quality of the risk and according to the compan...
    - 4 Days Ago
  • Hire Integrated - Chicago, IL
    Job Description. Job Description. Salary: $90,000 - $100,000 (commensurate with experience). Location. Chicago or Rolling Meadows, IL. Work Arrangement. On...
    - 3 Days Ago
  • Argo Group - Chicago, IL
    Job Description. Job Description. Argo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness and opportunity...
    - 3 Days Ago

Career Path for this job

  1. Down a level:

    Insurance Underwriter I

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Insurance Underwriter II

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Insurance Underwriter III

    4 - 7 years experience
    Bachelor's Degree

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Understand the total compensation opportunity for an Insurance Underwriter II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
63100
81300
70400

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
65500
86500
73900
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter II in Elwin, IL. The base salary for Insurance Underwriter II ranges from $63,100 to $81,300 with the average base salary of $70,400. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $65,500 to $86,500 with the average total cash compensation of $73,900.
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63100
81300

 

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About Elwin, Illinois    Elwin is an unincorporated community in South Wheatland Township, Macon County, Illinois. The community is located on U.S. Route 51 in the central por....More

Elwin, Illinois  area prices were up 1.3% from a year ago    View the Cost of Living in Elwin, Illinois

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