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Insurance Underwriter Jobs in Madison, WI (NOW HIRING)

MGT Insurance

E&S Underwriter

Madison, WI · On-site

$80K - $125K/yr

About MGT Insurance MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C ... This is not a plug-and-play underwriting role. It's an opportunity to join a small, highly ...

Understory

Senior Underwriter

Madison, WI · On-site +1

$99K - $117K/yr

Guiding the review of insurance applications to gauge the degree of risk involved accurately * Steering the development of innovative underwriting strategies to achieve business growth and ...

Understory, Inc.

Senior Underwriter

Madison, WI · Remote

$100K - $119K/yr

Guiding the review of insurance applications to gauge the degree of risk involved accurately * Steering the development of innovative underwriting strategies to achieve business growth and ...

Liberty Mutual

Senior Underwriter, Public Entity

Madison, WI · On-site

$99K - $117K/yr

Description Join a high-impact underwriting team focused on building and growing a profitable, diversified Public Entity and Education portfolio. In this role, you will combine technical underwriting ...

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All JobsInsurance Underwriter JobsInsurance Underwriter Jobs in Madison, WI

Insurance Underwriter information

See Madison, WI salary details

$28.2K

$62.8K

$105.9K

How much do insurance underwriter jobs pay per year?

As of Aug 19, 2026, the average yearly pay for insurance underwriter in Madison, WI is $62,802.00, according to ZipRecruiter salary data. Most workers in this role earn between $44,400.00 and $84,200.00 per year, depending on experience, location, and employer.

What is an insurance underwriter?

Insurance underwriters evaluate insurance policy applications, assess the risk, and make recommendations for coverage and premium pricing to insurance issuers. As an insurance underwriter, you use computer software and specific criteria to assess risk and establish pricing and research other factors such as market trends and equity values to provide data to support your recommendations. You determine if the policy will likely be a good financial investment for the insurance provider.

What does an insurance underwriter do?

An insurance underwriter evaluates applications for insurance coverage and determines the level of risk involved in insuring a person or asset. They review information such as application forms, medical records, and financial documents to decide whether to offer insurance and at what premium rate. Underwriters play a crucial role in helping insurance companies set appropriate coverage terms and minimize potential losses. Their work ensures that the company remains profitable while providing fair and accurate coverage to clients.

What are the key skills and qualifications needed to thrive as an insurance underwriter?

To thrive as an Insurance Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of finance and risk assessment, often supported by a bachelor's degree in business, finance, or related fields. Familiarity with underwriting software, risk management systems, and relevant certifications like Chartered Property Casualty Underwriter (CPCU) is typically required. Excellent communication, decision-making, and negotiation skills help underwriters explain policies and collaborate effectively with agents and clients. These skills are vital for accurately assessing risk, ensuring profitability, and maintaining strong client relationships in the insurance industry.

What are some common challenges insurance underwriters face in balancing risk and customer satisfaction?

Insurance underwriters often face the challenge of assessing risks accurately while maintaining competitive offerings that satisfy clients. Striking the right balance can be difficult, as being too cautious may result in lost business, while being overly lenient can lead to unprofitable claims. Underwriters must stay current with industry trends, regulations, and risk assessment tools, and they frequently collaborate with agents and actuaries to ensure sound decisions. Effective communication and analytical skills are essential to navigate these competing demands and to help build long-term client relationships.

What is the difference between Insurance Underwriter vs Claims Adjuster?

AspectInsurance UnderwriterClaims Adjuster
Primary RoleAssess risk and determine policy termsEvaluate insurance claims and determine payouts
Required CredentialsTypically requires a bachelor's degree; certifications like CPCU are commonOften requires a bachelor's degree; certifications like AIC or CPCU are beneficial
Work EnvironmentOffice-based, analyzing data and risk factorsField and office-based, investigating claims and interviewing claimants
Industry UsageUsed across insurance companies for policy issuanceUsed for claims processing and settlement

Both roles are integral to the insurance industry, with underwriters focusing on risk assessment before policy issuance, and claims adjusters handling claims after a loss occurs. While their work environments and responsibilities differ, they often require similar credentials and certifications, making them closely related career paths within insurance companies.

Is it hard to become an insurance underwriter?

Becoming an insurance underwriter typically requires a bachelor's degree in a related field such as finance, business, or economics, along with strong analytical and decision-making skills. Gaining industry-specific knowledge through training or certification can also be beneficial, but the difficulty varies depending on individual background and experience.
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Insurance Underwriter jobs near you
Infographic showing various Insurance Underwriter job openings in Madison, WI as of August 2026, with employment types broken down into 70% Full Time, 10% Part Time, and 20% Contract. Highlights an 90% In-person, and 10% Remote job distribution, with an average salary of $62,802 per year, or $30.2 per hour.

Personal Lines Insurance Underwriter

Rural Mutual Insurance

Madison, WI

$65K/yr

Full-time

Posted 28 days ago

Job description

Rural Mutual Insurance is seeking an analytical, detail‑driven Personal Lines Underwriter to join our team. You’ll work closely with agents and internal teams to evaluate risk and support sound underwriting decisions for personal lines products. This role offers the flexibility of a hybrid schedule following successful onboarding and training.  

At Rural Mutual Insurance, we offer a supportive work environment, career growth opportunities, and a comprehensive compensation package that includes health, dental, and vision insurance, a matching 401(k), and generous time off. We’ve earned consistent recognition as a Madison Magazine Best Places to Work and an A+ AM Best financial strength rating. If you're ready to be part of a team that values your expertise and encourages your professional growth, apply today! 

Compensation:

$60,000 - $65,000 yearly


Responsibilities:

  • Evaluate risk for acceptance, rejection, or modification in compliance with company guidelines and procedures for Homeowners and Personal Auto lines of business.

  • Review and evaluate requests from agents for approval of situations that may fall outside the established underwriting guidelines.

  • Review and evaluate incoming policy change requests.

  • Review and evaluate risk alerts based upon activity and information provided from claim adjusters, and make decisions regarding renewal impact. 

  • Review and promptly respond to incoming e-mails, phone calls, and correspondence.

  • Ability to make decisions, follow procedures, follow the letter of authority, and work within the published department service standards.

  • Perform other duties as assigned.


Qualifications:
  • 2+ years of Personal lines underwriting experience is highly preferred.
  • Associate degree or equivalent from a two-year college or technical school or equivalent experience preferred.
  • Excellent oral and written communication skills.
  • Excellent attention to detail; ability to multitask and make decisions.
  • Strong team player.
  • Demonstrated analytical and problem-solving skills.
  • Self-motivated with the ability to work independently.
  • Demonstrated proficient personal computer skills, with working knowledge of Microsoft Suite.
  • Additional education in insurance or other industry-related coursework is preferred. Interest in pursuing additional education in the insurance industry.
  • Bilingual abilities (Spanish, Hmong, etc.) a plus.

About Company

What You'll Love About Rural Mutual Insurance:

We are a leading property and casualty insurance company based in Wisconsin, well known for our financial strength and longevity in the insurance industry. Our reputation in the marketplace ensures stability and opens up numerous growth opportunities for our employees.

We created a welcoming place to work with friendly and professional leadership. We are known for the great care we take with our staff, our agents, and our customers. We are passionate and determined about delivering the best customer service, preserving insurance industry knowledge, and making a difference through the work that we do.

We believe in a healthy work/life balance and, to that end, offer a competitive and comprehensive compensation package including health, dental, life, LTD, and vision insurance as well as an employee bonus plan, matching 401(k) plan, and generous time off benefits. Rural Mutual is an Equal Opportunity employer.