How much does a Chief Underwriter make? The average Chief Underwriter salary is $167,326 as of October 28, 2020, but the salary range typically falls between $139,350 and $188,219. 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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What does a Chief Underwriter do?
Chief Underwriter
Acts as an underwriting expert witness in litigated cases.
January 08, 2020
Provide guidance to Managing Chief Underwriters, field force, and home office staff regarding underwriting philosophy and requirements.
March 06, 2020
Creates and monitors budget for area of responsibility.
March 13, 2020
Supports the Chief Underwriter in establishing underwriting guidelines based on sound underwriting principles and understanding of product pricing, reinsurance implications and competitiveness.
March 16, 2020
Responds to company and external audit findings and makes changes in procedures, workflow, and guidelines.
April 20, 2020
Devises underwriting guidelines to support new distribution or sales concept such as institutional channel.
May 14, 2020
Builds and maintain relationships with distribution partners through visits to offices, sales meetings, making presentations and participating in study groups.
June 07, 2020
Chief Underwriter Salary in Major Cities
This chart shows the salary comparison for Chief Underwriter between major cities. San Francisco City consistently ranks #1 as of October 28, 2020. Click on the chart to see the detail salary data for Chief Underwriter in each city.
Chief Underwriter Salary by State
- Alaska
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- California
- Colorado
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- District of Columbia
- Delaware
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- Iowa
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- West Virginia
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Chief Underwriter Salary by City
Click to see the salary for Chief Underwriter in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $209,158 |
| Washington, DC | $186,267 |
| Miami, FL | $162,894 |
| Chicago, IL | $177,515 |
| Boston, MA | $188,526 |
| New York, NY | $201,293 |
| Dallas, TX | $166,238 |
If you'd like know Chief Underwriter Salary in other cities, then please select a city in
Average Salary Range for Chief Underwriter
Average Base Salary
Core compensation
139350
188219
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Chief Underwriter in 2020?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Underwriter in the United States. The base salary for Chief Underwriter ranges from $139,350 to $188,219 with the average base salary of $167,326. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $144,039 to $217,527 with the average total cash compensation of $181,955.
View Average Salary for Chief Underwriter as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $167,326 | $139,350 - $188,219 |
| Bonus | $14,629 | $4,690 - $29,308 |
| Total Pay | $181,955 | $144,039 - $217,527 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Estimate Salary for Chief Underwriter online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Chief Underwriter, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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139350
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Comments about Chief Underwriter
What's the difference between Underwriter and Chief Underwriter?
According to our latest salary estimation on October 28, 2020. The average salary of Chief Underwriter is $167,326, and the average salary of Underwriter is $62,951. The average salary of Underwriter is lower than Chief Underwriter. ( 2020-10-28 salary.com )
I am a Chief Underwriter, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Chief Underwriter. a Chief Underwriter Salary in New Britain, CT is $180,714 as of October 28, 2020; a Chief Underwriter Salary in Barnstable, MA is $176,449 as of October 28, 2020. ( 2020-10-28 salary.com )
Chief Underwriter Frequently Asked Questions
Why does the salary of a Chief Underwriter vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2020-10-28 salary.com )
What are the Pay Factors for Chief Underwriter?
Salary ranges for a Chief Underwriter can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2020-10-28 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2020-10-28 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: October 28, 2020