Underwriter III Salary in the United States

How much does an Underwriter III make in the United States? The average Underwriter III salary in the United States is $87,665 as of April 26, 2022, but the range typically falls between $78,629 and $99,790. 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.  View the Cost of Living in Major Cities

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Job Description

Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. (Copyright 2022 Salary.com)

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Average Base Salary

Core compensation

 
 
 
78629
99790
87665

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
82597
108588
93275
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter III in the United States. The base salary for Underwriter III ranges from $78,629 to $99,790 with the average base salary of $87,665. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $82,597 to $108,588 with the average total cash compensation of $93,275.
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78629
99790

 

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Career Path for this job

  1. Down a level:

    Underwriter II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Underwriter III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Underwriter IV

    7 + years experience
    Bachelor's Degree

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Job Openings for Underwriter III