I am curious what the average pay range for underwriters in the life space is? I’m currently in senior management for an Insurtech start up, but have always wanted to get into underwriting. What I’m reading shows the average salary is around $68k. Is this accurate?
Yes, that's the average. Others even have to start from $52k. I started for an entry level salary of $55k few years ago. Location somehow affects the salary rate.
Wow, really? That's just base though, right? I thought underwriters made quite a bit more.
So did I! That’s why I was inquiring. That would be a significant pay cut, so now I’m reconsidering if this is a good choice!
That seems a bit low I started at 63 + bonus as just a renewal UW. with no experience and I have friends who changed companies and got bumped to 130 to 155+ yearly bonus and sign on bonus after just 2 or 3 years of experience