Underwriting Jobs in Abbott Park, IL

An Underwriter in the insurance industry is responsible for assessing risk and eligibility of potential clients. They play a key role by examining insurance applications and determining whether to provide insurance, and under what terms. Insurance underwriters use software to help analyze information and make decisions. They are essentially the ones who decide if an insurance company should take on a potential policyholder and how much premium to charge for taking on risk. This decision is made based on the potential client's risk profile, which is evaluated using technical data and statistical models.

Important skills for an insurance Underwriter include analytical skills, decision-making abilities, attention to detail, and good judgment. They must be able to process complex information and make sound decisions. To increase their competency and credibility in the industry, Underwriters can pursue professional certifications such as Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (ACU), or Associate in Personal Insurance (API). Prior to becoming an underwriter, individuals may have roles such as Insurance Agent, Claims Adjuster, or Risk Analyst. These roles provide valuable exposure and experience in the field of insurance which can be helpful in understanding the fundamentals of risk evaluation.

1-15 of 20 Jobs
Liberty Mutual Insurance

Senior Surety Underwriter - Core Contract (Chicago)

Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility. AFSB certification preferred....

Liberty Mutual Insurance

Senior Surety Underwriter

Proven analytical ability to evaluate and judge surety underwriting risks within scope of responsibility. AFSB certification preferred....

Crop Technical Underwriting Director

  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 2 hours ago
  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 2 hours ago

Basic Qualifications: Bachelors Degree and 10 or more years of experience in the Property & Casualty Commercial Insurance Industry AND Crop line of business experience Preferred Qualifications: Advanced...

Loss Mitigation Underwriter

  • Palatine, IL (17 miles from Abbott Park, IL)
  • 16 hours ago
  • Palatine, IL (17 miles from Abbott Park, IL)
  • 16 hours ago

Two (2) to three (3) years' of underwriting background or servicing/loss mitigation experience Strong working knowledge of Microsoft Suite (Word, Excel, Outlook, etc.)....

Production Underwriter

  • Park Ridge, IL (21 miles from Abbott Park, IL)
  • 5 days ago
  • Park Ridge, IL (21 miles from Abbott Park, IL)
  • 5 days ago

largest FM Affiliated office is extremely important because the FM Affiliated Production Underwriter I is responsible for both new business production as well as renewal retention while maintaining underwriting...

Wholesale Management Liability Underwriter - Navigators, a Brand of The Hartford

  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 5 days ago
  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 5 days ago

As an Underwriter on the Wholesale Management Liability Team at Navigators, a Brand of The Hartford, your primary role will be to underwrite and actively pursue new business, underwrite and maintain...

Sr. Credit Underwriter - Distribution Finance

  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 13 days ago
  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 13 days ago

Duties and Responsibilities: Underwrite high quality credit narratives in support of new and existing loans....

Remote Work

SBA Portfolio Underwriter II

  • Rosemont, IL (22 miles from Abbott Park, IL)
  • 13 days ago
  • Rosemont, IL (22 miles from Abbott Park, IL)
  • 13 days ago

Basic Qualifications: Bachelor's Degree Minimum of 5 years' experience analyzing and underwriting loans for business/commercial clients....

Remote Work

Referral Underwriting Manager - Garage Insurance

  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 23 days ago
  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 23 days ago

The Opportunity The Referral Underwriting Manager oversees Underwriting Guidelines and underwriting referral submissions from third party insurance carriers and MGA partners....

E&S Primary Casualty Underwriter (Senior or AVP)

  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 28 days ago
  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 28 days ago

Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals....

Production Underwriter

  • Rolling Meadows, IL (19 miles from Abbott Park, IL)
  • 30+ days ago
  • Rolling Meadows, IL (19 miles from Abbott Park, IL)
  • 30+ days ago

How will you contribute to the business: Establish and cultivate insurance broker relationships, with regular check-ins to review their book of insurance with us and any comments/concerns Underwrite...

Underwriter/Broker - Wholesale Insurance

  • Rolling Meadows, IL (19 miles from Abbott Park, IL)
  • 30+ days ago
  • Rolling Meadows, IL (19 miles from Abbott Park, IL)
  • 30+ days ago

Proactively stay abreast on relevant industry and market trends that impact underwriting guidelines, pricing and premiums....

ABL Underwriter III

  • Rosemont, IL (22 miles from Abbott Park, IL)
  • 30+ days ago
  • Rosemont, IL (22 miles from Abbott Park, IL)
  • 30+ days ago

Minimum 10 years' experience in ABL Underwriting or Portfolio Management. Preferred Qualifications: Sharp analytical and decision-making skills....

Remote Work

Supervisor, Insurance Analyst

  • North Chicago, IL
  • 30+ days ago
  • North Chicago, IL
  • 30+ days ago

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable...

Senior Underwriting Specialist

  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 90+ days ago
  • Schaumburg, IL (23 miles from Abbott Park, IL)
  • 90+ days ago

In this position, you will underwrite new and renewal business which includes solicitation, selection and pricing of highly complex multi-line risks (workers compensation, commercial auto, general liability...

Demographic Data for Abbott Park, IL

Moving to Abbott Park, IL? Find some basic demographic data about Abbott Park, IL below.


Local
National
12,812,477
319,486

Underwriting Online Courses and Training Opportunities

iHireInsurance curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Loan Processing: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...
AI for Loan Underwriting
Artificial Intelligence (AI) is transforming the financial landscape, particularly in loan underwriting, by enhancing efficiency, accuracy, and risk assessment. This course, AI for Loan...
Insurance Underwriting Principles and Practices
Within the ever-evolving insurance landscape, the significance of underwriters has reached unprecedented heights. These professionals play a crucial role in evaluating risks, establishing policy...

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Salary for Underwriting Jobs in Abbott Park, IL

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireInsurance research efforts.

Licensing / Certification

Required or preferred licenses and certifications for Underwriting positions.



Highest Education Level

Underwritings in Abbott Park, IL offer the following education background
Bachelor's Degree
49.6%
Master's Degree
14.5%
Associate's Degree
11.2%
High School or GED
10.0%
Vocational Degree or Certification
9.9%
Some College
2.4%
Doctorate Degree
2.1%
Some High School
0.3%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Underwritings in Abbott Park, IL
None
40.0%
2-4 years
26.7%
1-2 years
20.0%
4-6 years
10.0%
6-8 years
3.3%


Other Career Titles

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