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Insurance Underwriter V Salary in Cotuit, Massachusetts

Insurance Underwriter V Salary in Cotuit, MA

How much does an Insurance Underwriter V make in Cotuit, MA? The average Insurance Underwriter V salary in Cotuit, MA is $155,200 as of April 24, 2024, but the range typically falls between $131,400 and $182,900. 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 V Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Underwriter V Salary $109,731 Cotuit,MA April 24, 2024
25th Percentile Insurance Underwriter V Salary $131,400 Cotuit,MA April 24, 2024
50th Percentile Insurance Underwriter V Salary $155,200 Cotuit,MA April 24, 2024
75th Percentile Insurance Underwriter V Salary $182,900 Cotuit,MA April 24, 2024
90th Percentile Insurance Underwriter V Salary $208,119 Cotuit,MA April 24, 2024
25% $131,400 10% $109,731 90% $208,119 75% $182,900 $155,200 50%(Median) Didn’t find job title? Click
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Remote Health Insurance Senior Underwriter

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Job Description

The Insurance Underwriter V 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 an Insurance Underwriter V ensures that underwriting activities comply with all industry and governmental regulations. Calculates renewal rates. In addition, Insurance Underwriter V 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 an Insurance Underwriter V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Working as an Insurance Underwriter V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Insurance Underwriter V in Cotuit, MA

Career Path for this job

  1. Down a level:

    Insurance Underwriter IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance Underwriter V

    10 + years experience
    Bachelor's Degree

  3. Up a level:

    Underwriting Operations Supervisor

    3 - 5 years experience
    Bachelor's Degree

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

Average Base Salary

Core compensation

 
 
 
131400
182900
155200

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
143800
215300
175400
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter V in Cotuit, MA. The base salary for Insurance Underwriter V ranges from $131,400 to $182,900 with the average base salary of $155,200. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $143,800 to $215,300 with the average total cash compensation of $175,400.
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131400
182900

 

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About Cotuit, Massachusetts    Cotuit (/koh too it/) is one of the villages of the Town of Barnstable on Cape Cod in Barnstable County, Massachusetts, United States. Located on a pe....More

Cotuit, Massachusetts  area prices were up 1.6% from a year ago    View the Cost of Living in Cotuit, Massachusetts

Insurance Underwriter V Salary in popular cities: Boston, Worcester, Springfield

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