▼33%
$72,538
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$44k
MEDIAN
$73k
90%
$121k
The average salary for an Underwriting Specialist is $72,538 in 2025
Base Salary
$44k - $121k
Bonus
$837 - $10k
Profit Sharing
$0 - $5k
Total Pay
$39k - $121k
Is Average Early-Career Underwriting Specialist with Insurance Skills Salary your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
EXPLORE BY:
Featured Content
‹
Remote Work
New research shows how to set pay for remote employees
Gender Pay Gap
New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education.
Compensation Best Practices Report
From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation.
Salary Budget Survey Report
See how organizations are shifting their salary budgets this year.
Retention Report
Get strategies you can use to retain top talent and learn how impactful employee retention really is.
Variable Pay Playbook
Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices.
›
What is the Pay by Experience Level for Underwriting Specialists?
What Do Underwriting Specialists Do?
Underwriting Specialist Tasks
- Manage and grow assigned portfolio.
- Develop relationships with current and new clients.
- Conduct and write up account reviews.
- Evaluate case risk and profitability.
Find your market worth – how it works:
Common Health Benefits for a Underwriting Specialist
Medical
81%
Dental
71%
Vision
76%
None
19%
Gender Breakdown for Underwriting Specialists
Female
63.2%
Male
36.8%
This data is based on 19 survey responses. Learn more about the gender pay gap.
FAQs About Underwriting Specialists
What is the highest pay for Underwriting Specialists?
Our data indicates that the highest pay for an Underwriting Specialist is $121k / year
What is the lowest pay for Underwriting Specialists?
Our data indicates that the lowest pay for an Underwriting Specialist is $44k / year
How can Underwriting Specialists increase their salary?
Increasing your pay as an Underwriting Specialist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Underwriting Specialist that oversees more junior Underwriting Specialists, this experience can increase the likelihood to earn more.