Underwriting Jobs in Schaumburg, 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 241 Jobs
Brown & Brown Inc

Underwriting Assistant

The Underwriting Assistant will provide high-quality administrative and data entry support to the U.S. Financial Lines Underwriting and Leadership teams....

Liberty Mutual Insurance

Executive Underwriter, Ironshore Environmental Wholesale Distribution

They contribute to maintaining a profitable, diversified book of business through effective underwriting decision making, mutually beneficial agent/brokers relationships, and application of underwriting...

Liberty Mutual Insurance

Chief Underwriter, North America Middle Market

Product, pricing & underwriting expertise in Commercial & Specialty Lines. Manages underwriting results to achieve corporate profitability....

Liberty Mutual Insurance

Executive Underwriter, Middle Markets Construction

If you're a talented commercial insurance underwriter with construction expertise, confidence, and a deal-oriented mindset, this is an excellent opportunity for you....

Liberty Mutual Insurance

Executive Underwriter, Middle Market Technology

A related bachelor's degree; seven to ten years of relevant experience preferred; CPCU or professional insurance designation strongly preferred....

Liberty Mutual Insurance

Executive Underwriter, Liberty Mutual Mobility Solutions

commercial and personal lines capabilities to bring a full range of tailored solutions and nuanced approaches to the rapidly evolving mobility landscape....

Liberty Mutual Insurance

Executive Underwriter, Loss Sensitive - Large Construction

Solve complex problems Establish and build healthy working relationships exceeds in mentoring relationships, and negotiate as normally acquired Bachelor's degree CPCU or CRIS professional insurance...

Liberty Mutual Insurance

Underwriting Officer, Multi-Buyer Trade Credit

Beyond underwriting production responsibilities supported by higher level underwriting authority, the MBTC Underwriting Officer utilizes skills and experience to support and mentor team members and...

Construction Professional Liability Underwriter (Mid-Level II or Sr. Level III)

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 4 hours ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 4 hours 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....

Construction Professional Liability Underwriter (Level I or Mid Level II)

  • Schaumburg, IL
  • 4 hours ago
  • Schaumburg, IL
  • 4 hours 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....

Construction Professional Liability Underwriter (Sr. Level III or AVP Level IV)

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 4 hours ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 4 hours 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....

Sr Underwriter, Excess Casualty

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 21 hours ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 21 hours ago

Advanced degree or professional designation (e.g., CPCU) is a plus. Competencies: Strategic Influence: Ability to shape and influence underwriting practices and business strategies....

Sr. Technology & Life Sciences Loss Sensitive Underwriter, Account Executive Officer

  • Downers Grove, IL (15 miles from Schaumburg, IL)
  • 1 day ago
  • Downers Grove, IL (15 miles from Schaumburg, IL)
  • 1 day ago

decisions in alignment with our risk appetite. + Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers. + CPCU designation....

Senior Ocean Marine Underwriter, Account Executive Officer

  • Downers Grove, IL (15 miles from Schaumburg, IL)
  • 1 day ago
  • Downers Grove, IL (15 miles from Schaumburg, IL)
  • 1 day ago

in alignment with our risk appetite. + Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers. + CPCU designation....

P&C Underwriting Director

  • Chicago, IL (23 miles from Schaumburg, IL)
  • 2 days ago
  • Chicago, IL (23 miles from Schaumburg, IL)
  • 2 days ago

Conduct Referrals and occasionally underwrite complex accounts in alignment with Corix's strategy, guidelines, and reinsurance considerations, escalating as appropriate to the Head of Underwriting....

Demographic Data for Schaumburg, IL

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

Local
National
80,341
4,291
Medium/Lg

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.
Udemy
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...
Alison
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...
Udemy
Pre-underwrite a Mortgage with DU & LP
Have you ever wanted to start learning underwriting skills that will open future job opportunities? This course goes over one of the most important steps in the underwriting process which is...
Register to search for more online courses. >>>

Title Synonyms

Users interested in this job title also searched for the following job titles

Salary for Underwriting Jobs in Schaumburg, 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 Schaumburg, IL offer the following education background
Bachelor's Degree
49.7%
Master's Degree
14.7%
Associate's Degree
11.3%
High School or GED
9.9%
Vocational Degree or Certification
9.8%
Some College
2.3%
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 Schaumburg, IL
None
40.0%
2-4 years
26.7%
1-2 years
20.0%
4-6 years
10.0%
6-8 years
3.3%

Qualifications / Skill Sets

The following top skills are often required or desired to land a Underwriting position

In-Demand skills () are the most popular among employers according to the current jobs in our database. Last updated today!

Other Career Titles

Here are some other career titles that require similar skills