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.
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 |
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Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
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.
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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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.
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Jobs with different levels of education may pay very differently. Check the Chief Underwriting Officer salary of your education level.
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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
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