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Last updated: November 10, 2024
Underwriting Associate Salary
in Woodbury, Connecticut
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
$66,839 (USD)
Average Salary
$32/hr
Average Hourly
$1,156
Average Bonus
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Last updated: November 10, 2024
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Salary Recap
The average pay for an Underwriting Associate is $66,839 a year and $32 an hour in Woodbury, Connecticut, United States. The average salary range for an Underwriting Associate is between $48,926 and $79,672. On average, a High School Degree is the highest level of education for an Underwriting Associate. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Woodbury, Connecticut.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
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Salary Potential
Salary Potential
Estimated salary in 2029:
$75,078
5 Year Change:
12 %
Shift Differentials
Shift Differentials
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About Woodbury, Connecticut
Woodbury Cost of Living Score:
Description:
Woodbury is a town in Litchfield County, Connecticut, United States. The town is part of the Naugatuck Valley Planning Region. The population was 9,723 at the 2020 census. The town center, comprising the adjacent villages of Woodbury and North Woodbury, is designated by the U.S. Census Bureau as the Woodbury Center census-designated place (CDP). Woodbury was founded in 1673.
The center of Woodbury is distinctive for its mile-long stretch of older buildings lining both sides of the road. The public buildings in the National Register Historic District include the First Congregational Church (1818), the Old Town Hall...
Job Summary
Description:
- Supports senior underwriters in activities including studying current and previous underwriting cases, assisting with billing, and reviewing documentation to determine a risk.
- Collects, studies, and reviews documentation pertaining to risk cases, performing risk analysis to conclude whether a case is worth accepting.
- Consents to risk acceptance with approval from senior underwriter, using findings from gathered documentation, results from analysis, and precedence from historically similar cases to support claims.
- Utilizes understanding of exposures and risks analysis to assess loss history and current condition of finances for a case.
- Works with other departments such as billing and management to meet and establish SLA standards.
Underwriting Associate Job Listings for
No listings found
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Salary Recap
The average pay for an Underwriting Associate is $66,839 a year and $32 an hour in Woodbury, Connecticut, United States. The average salary range for an Underwriting Associate is between $48,926 and $79,672. On average, a High School Degree is the highest level of education for an Underwriting Associate. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Woodbury, Connecticut.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsJob Statistics
Underwriting Associate Job Prevalence in the United States
Job family: Insurance Underwriters
Job family population: 101,310
Estimated population of Underwriting Associate jobs: 2,837
Rate of error: 3.5%
Take the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Woodbury, Connecticut
Woodbury Cost of Living Score:
Description:
Woodbury is a town in Litchfield County, Connecticut, United States. The town is part of the Naugatuck Valley Planning Region. The population was 9,723 at the 2020 census. The town center, comprising the adjacent villages of Woodbury and North Woodbury, is designated by the U.S. Census Bureau as the Woodbury Center census-designated place (CDP). Woodbury was founded in 1673.
The center of Woodbury is distinctive for its mile-long stretch of older buildings lining both sides of the road. The public buildings in the National Register Historic District include the First Congregational Church (1818), the Old Town Hall...
Job Summary
Description:
- Supports senior underwriters in activities including studying current and previous underwriting cases, assisting with billing, and reviewing documentation to determine a risk.
- Collects, studies, and reviews documentation pertaining to risk cases, performing risk analysis to conclude whether a case is worth accepting.
- Consents to risk acceptance with approval from senior underwriter, using findings from gathered documentation, results from analysis, and precedence from historically similar cases to support claims.
- Utilizes understanding of exposures and risks analysis to assess loss history and current condition of finances for a case.
- Works with other departments such as billing and management to meet and establish SLA standards.
Underwriting Associate Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
National Compensation Forecast October 2024
ERI examines compensation trends and changes for the upcoming year to provide guidance on the expected salary increase for the upcoming year.
Read More
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
Read More