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Insurance Underwriter Jobs in Springfield, MA (NOW HIRING)

Munich Re

Senior Portfolio Underwriter

Hartford, CT · On-site

$99K - $117K/yr

Bachelors or equivalent work experience is required * 7+ years of P&C insurance/reinsurance experience * 5+ years in Underwriting preferred * Demonstrated understanding of commercial and personal ...

Munich Re

Senior Production Underwriter

Hartford, CT · On-site

$99K - $117K/yr

HSB is redefining insurance by focusing on prevention-not just protection. Are you a decisive ... Underwrite and manage a portfolio of equipment breakdown business, including renewals and new ...

Munich RE

Senior Portfolio Underwriter

Hartford, CT

$99K - $117K/yr

Bachelors or equivalent work experience is required * 7+ years of P&C insurance/reinsurance experience * 5+ years in Underwriting preferred * Demonstrated understanding of commercial and personal ...

Munich Re

Equipment Breakdown Underwriter

Hartford, CT · Remote

HSB, a Munich Re company, is a specialty insurer and risk solutions provider known for its industry ... Join our team as a Client Company Underwriter II, where you'll partner with assigned client company ...

Munich Re

Equipment Breakdown Underwriter

Hartford, CT · On-site

HSB, a Munich Re company, is a specialty insurer and risk solutions provider known for its industry ... Join our team as a Client Company Underwriter II, where you'll partner with assigned client company ...

Munich RE

Senior Production Underwriter

Hartford, CT

$99K - $117K/yr

HSB is redefining insurance by focusing on prevention-not just protection. Are you a decisive ... Underwrite and manage a portfolio of equipment breakdown business, including renewals and new ...

Amwins

Underwriter-E&O-Financial Institutions

Windsor, CT · On-site

$80K - $120K/yr

Review, analyze, underwrite, and negotiate coverage for new and renewal business accounts nationally. In addition to underwriting skills, ideal candidates will have success in initiating, developing ...

Amwins

Underwriter-E&O-Financial Institutions

Windsor, CT · Hybrid

$80K - $120K/yr

Review, analyze, underwrite, and negotiate coverage for new and renewal business accounts nationally. In addition to underwriting skills, ideal candidates will have success in initiating, developing ...

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All JobsInsurance Underwriter JobsInsurance Underwriter Jobs in Springfield, MA

Insurance Underwriter information

See Springfield, MA salary details

$27.9K

$62.1K

$104.6K

How much do insurance underwriter jobs pay per year?

As of Jun 10, 2026, the average yearly pay for insurance underwriter in Springfield, MA is $62,065.00, according to ZipRecruiter salary data. Most workers in this role earn between $43,800.00 and $83,200.00 per year, depending on experience, location, and employer.

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 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 are the key skills and qualifications needed to thrive as an Insurance Underwriter, and why are they important?

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 Insurance Underwriters?

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 do you do as an insurance underwriter?

An insurance underwriter evaluates insurance applications to determine the risk level and decide whether to approve coverage and at what premium. They analyze factors such as applicant information, policy details, and industry data, often using specialized software, to ensure the company's profitability and risk management. Strong analytical skills and knowledge of insurance policies are essential for this role.

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.

More about Insurance Underwriter jobs
What are the most commonly searched types of Insurance Underwriter jobs in Springfield, MA? The most popular types of Insurance Underwriter jobs in Springfield, MA are:
What are popular job titles related to Insurance Underwriter jobs in Springfield, MA? For Insurance Underwriter jobs in Springfield, MA, the most frequently searched job titles are:
What job categories do people searching Insurance Underwriter jobs in Springfield, MA look for? The top searched job categories for Insurance Underwriter jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Insurance Underwriter jobs? Cities near Springfield, MA with the most Insurance Underwriter job openings:
Insurance Underwriter jobs near you
Infographic showing various Insurance Underwriter job openings in Springfield, MA as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $62,065 per year, or $29.8 per hour.

Senior Portfolio Underwriter

Munich Re

Hartford, CT • On-site

$99K - $117K/yr

Full-time

Posted 25 days ago

Job description

The Senior Portfolio Underwriter at HSB holds the paramount responsibility for managing, monitoring, expanding, and optimizing the portfolio products for the company's largest and most critical client company relationships. This role is central to achieving profit and growth objectives and is a cornerstone of HSB's strategic initiative to foster business growth. It involves acting as a catalyst in the introduction of new products and managing the performance of existing client companies.
As a thought leader for clients, the Senior Portfolio Underwriter is tasked with devising innovative solutions by tapping into HSB's comprehensive resources, encompassing data, products, and services. The role demands a tactical deployment of HSB's capabilities to maximize and enhance client partnerships.
In collaboration with Product Managers and the Underwriting Lead, the Senior Portfolio Underwriter utilizes creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance. These analytical techniques are essential for developing targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends. This responsibility includes a thorough examination of claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.
The Senior Portfolio Underwriter is also responsible for crafting and delivering compelling client presentations externally. These presentations are designed to effectively communicate financial results, data analyses, rate assessments, and evolving loss trends, positioning the Senior Portfolio Underwriter as the technical authority for both clients and the Client Integration Team.
With underwriting binding authority, the Senior Portfolio Underwriter independently makes crucial underwriting decisions that directly influence the financial outcomes of their assigned portfolio, thereby impacting the company's P&L.
Education and Experience:
  • Bachelors or equivalent work experience is required
  • 7+ years of P&C insurance/reinsurance experience
    • 5+ years in Underwriting preferred
  • Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results
  • Demonstrated ability to translate large data analysis into actionable decisions
  • Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends
  • Past experience with responsibility for achieving profit and growth targets for a book a business.
  • Demonstrated experience with negotiation and conflict resolution
  • Exhibited ability to develop creative and unique solutions
  • HSB Product knowledge and Previous Experience and familiarity with HSB is desired

Knowledge and Skills:
  • Financial Statement (Business Finance) knowledge and analysis
  • General insurance/reinsurance industry knowledge
  • Presentation Skills
  • Strong interpersonal, written and verbal communication skills
  • Portfolio analysis
  • HSB Product knowledge
  • Organization and time management skills
  • Consultative and Strategic negotiation skills
  • Strong project management skills to manage multiple concurrent projects and issues.
  • PC skills (Excel, PowerPoint, Power BI, and Word)
  • Detail Oriented
  • Action oriented with strong analytical, Actuarial skills, Statistical analysis, innovation and persuasion skills to influence change
  • Naturally curious and inquisitive to identify issues and solve problems. Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

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