How much does a Chief Underwriting Officer make in the United States? The average Chief Underwriting Officer salary in the United States is $306,478 as of February 26, 2024, but the range typically falls between $253,530 and $362,027. 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. 

Chief Underwriting Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Chief Underwriting Officer Salary $205,324 US February 26, 2024
25th Percentile Chief Underwriting Officer Salary $253,530 US February 26, 2024
50th Percentile Chief Underwriting Officer Salary $306,478 US February 26, 2024
75th Percentile Chief Underwriting Officer Salary $362,027 US February 26, 2024
90th Percentile Chief Underwriting Officer Salary $412,602 US February 26, 2024
25% $253,530 10% $205,324 90% $412,602 75% $362,027 $306,478 50%(Median) Didn’t find job title? Click
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What skills does a Chief Underwriting Officer need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Accounting: Creating financial statements and reports based on the summary of financial and business transactions.

3.

Data Mining: Data mining is the process of discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems. Data mining is an interdisciplinary subfield of computer science and statistics with an overall goal to extract information (with intelligent methods) from a data set and transform the information into a comprehensible structure for further use. Data mining is the analysis step of the "knowledge discovery in databases" process, or KDD. Aside from the raw analysis step, it also involves database and data management aspects, data pre-processing, model and inference considerations, interestingness metrics, complexity considerations, post-processing of discovered structures, visualization, and online updating. The difference between data analysis and data mining is that data analysis is used to test models and hypotheses on the dataset, e.g., analyzing the effectiveness of a marketing campaign, regardless of the amount of data; in contrast, data mining uses machine-learning and statistical models to uncover clandestine or hidden patterns in a large volume of data.

Analysis 4.32%
Accounting 1.62%
Data Mining 1.08%
Others 92.98%

Job Description for Chief Underwriting Officer

Chief Underwriting Officer leads and directs the overall underwriting strategy, operations, and policy development across product lines. Ensures profitability, growth, and efficiencies that align with the organization's goals and objectives. Being a Chief Underwriting Officer establishes financial control guidelines, tools, administrative standards, and best practices. Researches competitors and market conditions to develop and maintain risk selection criteria and methods that support sound risk management. Additionally, Chief Underwriting Officer requires a bachelor's degree. May require certification as a Chartered Property Casualty Underwriter (CPCU) or Chartered Life Underwriter (CLU). Typically reports to top management. The Chief Underwriting Officer manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Chief Underwriting Officer
Those that have already made the climb...
Patrick J. Haveron, Co-Chief Executive Officer and Chief Financial Officer
Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and... More
Fiscal Year Ended in 2022
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Chief Underwriting Officer salary varies from city to city. Compared with national average salary of Chief Underwriting Officer, the highest Chief Underwriting Officer salary is in San Francisco, CA, where the Chief Underwriting Officer salary is 25.0% above. The lowest Chief Underwriting Officer salary is in Miami, FL, where the Chief Underwriting Officer salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
253530
362027
306478

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
313150
517941
404879
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Underwriting Officer in the United States. The base salary for Chief Underwriting Officer ranges from $253,530 to $362,027 with the average base salary of $306,478. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $313,150 to $517,941 with the average total cash compensation of $404,879.
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253530
362027

 

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Skills associated with Chief Underwriting Officer: Insurance Products, Contract Review, Denial Administration, Underwriting & Rating Software ...More

Jobs with a similar salary range to Chief Underwriting Officer : Vice President Underwriting

Salary estimation for Chief Underwriting Officer at companies like : Den Danske Bank, Fry-Wagner Systems Inc, California Bound Iii LP

Jobs with a similar salary range to Chief Underwriting Officer : Vp Underwriting

Chief Underwriting Officer Salary in United States
Chief Underwriting Officer Salary Graph, Regional Distribution and Summary