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Insurance Underwriting Jobs in Chicago, IL (NOW HIRING)

Prime Insurance Company

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Insurance Underwriting Associate

Chicago, IL · On-site

$45K - $250K/yr

It operates as a training program to learn the company's underwriting methodology and may provide ... NO REMOTE WORK AVAILABLE Company Description Prime Insurance Company is a committed and trusted ...

Prime Insurance Company

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Insurance Underwriter

Chicago, IL · On-site

$45K - $250K/yr

... underwriting guidelines. · Prioritize and manage inventory of special projects, new business ... NO REMOTE WORK AVAILABLE Company Description Prime Insurance Company is a committed and trusted ...

Captive Resources

Underwriter

Itasca, IL · On-site

$100K - $135K/hr

A bachelor's degree in business, finance, insurance, mathematics, or a related field. 2 -5 years of experience in insurance underwriting, preferably in the health insurance or medical stop-loss field.

Captive Resources

Underwriter

Itasca, IL · On-site

$100K - $135K/hr

A bachelor's degree in business, finance, insurance, mathematics, or a related field. 2 -5 years of experience in insurance underwriting, preferably in the health insurance or medical stop-loss field.

Brookfield

Underwriting Quality Analyst

Chicago, IL

$71K - $100K/yr

Argo and Farm Family partner with agents and brokers to provide insurance solutions that enable businesses to manage risks with confidence. The Underwriting Quality Analyst supports the underwriting ...

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All JobsInsurance Underwriting JobsInsurance Underwriting Jobs in Chicago, IL

Insurance Underwriting information

See Chicago, IL salary details

$40.2K

$44.3K

$47.9K

How much do insurance underwriting jobs pay per year?

As of Aug 24, 2026, the average yearly pay for insurance underwriting in Chicago, IL is $44,331.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,800.00 and $45,900.00 per year, depending on experience, location, and employer.

What is an insurance underwriter?

Insurance underwriters are professionals who evaluate the risks of insuring people or assets and determine the terms and pricing of insurance policies. They analyze information provided by applicants, such as health records or property details, and use specialized software and guidelines to assess risk levels. Based on this assessment, underwriters decide whether to approve or reject applications, and set coverage amounts and premiums. Their work helps insurance companies maintain profitability while offering fair coverage to customers.

How does an insurance underwriter typically collaborate with agents and other departments during the policy approval process?

Insurance underwriters frequently work closely with insurance agents, sales teams, and risk assessment departments to evaluate applications and ensure policies meet company guidelines. This collaboration often involves clarifying applicant information, discussing unique or complex risks, and negotiating coverage terms to balance client needs with the insurer's risk tolerance. Effective communication is key, as underwriters must provide timely decisions and clear explanations to support both customer satisfaction and organizational objectives. Teamwork is essential, especially when dealing with high-value or unusual cases that require input from multiple experts.

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 risk assessment, typically supported by a bachelor’s degree in finance, business, or a related field. Familiarity with underwriting software, risk evaluation tools, and sometimes industry certifications like CPCU (Chartered Property Casualty Underwriter) is common. Excellent decision-making, communication, and negotiation skills help underwriters collaborate with agents and clients and make sound judgments. These skills ensure accurate risk evaluation, profitable policy decisions, and strong client relationships in a highly regulated industry.

What is the difference between Insurance Underwriting vs Insurance Claims Adjuster?

AspectInsurance UnderwritingInsurance Claims Adjuster
Primary RoleAssess risk and determine policy eligibility and premiumsEvaluate insurance claims to determine coverage and settlement
Required CredentialsTypically requires a bachelor's degree; certifications like CPCU are commonHigh school diploma or bachelor's; certifications like AIC or CPCU beneficial
Work EnvironmentOffice-based, analyzing data and risk factorsField and office-based, inspecting damages and interviewing claimants
Industry UsageUsed across insurance companies for policy issuanceUsed for claims processing and settlement

Insurance Underwriting and Insurance Claims Adjuster roles are both vital in the insurance industry but focus on different stages. Underwriters assess risk before policy issuance, while claims adjusters evaluate claims after a loss occurs. Both roles require analytical skills and industry knowledge, but their daily tasks and responsibilities differ significantly.

How do you become an insurance underwriter?

To become an insurance underwriter, typically a bachelor's degree in finance, business, or a related field is required. Gaining experience in insurance or risk assessment and obtaining professional certifications, such as the Chartered Property Casualty Underwriter (CPCU), can improve job prospects. Strong analytical skills and knowledge of underwriting software are also important.

Is insurance underwriting a good career?

Insurance underwriting is a stable career that involves evaluating risks and determining policy terms, often requiring analytical skills and attention to detail. It offers opportunities for advancement, professional certification, and typically follows a standard work schedule, making it a viable option for those interested in finance and risk management.

Is insurance underwriting a low stress job?

Insurance underwriting is generally considered a moderate-stress job that involves evaluating risk and making decisions under deadlines. The level of stress can vary depending on workload, company culture, and experience, but it often requires attention to detail and analytical skills. Some underwriters find the work routine and clear guidelines to be manageable, while others may experience pressure during busy periods or complex cases.

What are the most commonly searched types of Insurance Underwriting jobs in Chicago, IL?

The most popular types of Insurance Underwriting jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Insurance Underwriting jobs?

Cities near Chicago, IL with the most Insurance Underwriting job openings:

Insurance Underwriting jobs near you
Infographic showing various Insurance Underwriting job openings in Chicago, IL as of August 2026, with employment types broken down into 92% Full Time, and 8% Part Time. Highlights an 92% In-person, and 8% Hybrid job distribution, with an average salary of $44,331 per year, or $21.3 per hour.

Insurance Underwriting Associate

Chicago, IL • On-site

Prime Insurance Company
Insurance Services • 51 - 200 employees
Learn more about Prime Insurance Companyexternal

$45K - $250K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 20 days ago

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Job description

Job Description

Description:

The position provides a variety of administrative information processing services to support the underwriting department and requires strong customer service skills. It operates as a training program to learn the company’s underwriting methodology and may provide an opportunity to become a full underwriter after a training period to be determined on a case-by-case basis based on applicant’s experience and potential.

Duties and Responsibilities:

· Evaluate new submissions to determine the acceptability of the risk in accordance with underwriting guidelines

· Learn and stay apprised of state/territory issues, regulations and trends

· Prioritize and manage inventory of special projects, new business opportunities, renewal business, and in-force policy endorsement and service requests

· Understand pricing components and rating methodology to price business based on risk characteristics, financial review and competitive analysis.

· Demonstrate technical and artistic/creative underwriting skills through strategic account review and detailed file pricing and risk documentation

· Effectively manage producer relationships to achieve production goals

· Learn how to collaborate with internal and external business partners

Qualifications/Requirements:

· Dynamic personality

· Exhibits strong organizational, problem-solving, and critical-thinking skills

· Build, strengthen, and maintain internal and external professional relationships

· Ability to thoroughly analyze various risk factors and demonstrate a flexible, creative, and thoughtful underwriting approach

· Competent use of technology

· Ability to function in a highly collaborative, fast pace, team environment

· Outstanding oral and written communication skills

Job Type: Full-time – On-site Only

Work Locations: In-Person at our UT, IL, PA, or FL offices

This is an in-person position that requires daily attendance at one of our office locations. NO REMOTE WORK AVAILABLE

Company Description

Prime Insurance Company is a committed and trusted resource for individuals, businesses and producers, following a bold business model that has inspired 40 years of success and growth. By keeping our underwriting and risk management teams in-house, we’ve been able to write an endless list of risk classes, and offer a broad range of coverage in specialty classes. Our in-house, expert claims team has handled over 80,000 claims and provides support to insureds throughout the entire insurance process — from risk mitigation to claims handling. Our internal teams work together to support Prime, the producer and the insured to get the most reliable coverage for their liability risk.