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Property Underwriting Jobs (NOW HIRING)

QBE

Lead Commercial Property Underwriting

New York, NY · Hybrid

$124K - $233K/yr

The purpose of this role is to underwrite new Commercial Property business and renewals within specified guidelines and authority levels, while providing technical support and overseeing profitable ...

QBE

Lead Commercial Property Underwriting

Chicago, IL · Hybrid

$124K - $233K/yr

The purpose of this role is to underwrite new Commercial Property business and renewals within specified guidelines and authority levels, while providing technical support and overseeing profitable ...

QBE

Lead Commercial Property Underwriting

Los Angeles, CA · Hybrid

$124K - $233K/yr

The purpose of this role is to underwrite new Commercial Property business and renewals within specified guidelines and authority levels, while providing technical support and overseeing profitable ...

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Property Underwriting information

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$13

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$32

How much do property underwriting jobs pay per hour?

As of Jun 13, 2026, the average hourly pay for property underwriting in the United States is $22.75, according to ZipRecruiter salary data. Most workers in this role earn between $18.75 and $25.72 per hour, depending on experience, location, and employer.

What is property underwriting?

Property underwriting is the process by which insurance companies assess the risk associated with insuring a property, such as a home, commercial building, or other real estate. Underwriters evaluate factors like the property's location, construction type, value, condition, and potential hazards to determine whether to provide coverage and at what premium. They use this information to ensure the insurance policy accurately reflects the risk and protects both the insurer and the policyholder. Good property underwriting helps prevent losses and ensures fair pricing for customers.

What are the key skills and qualifications needed to thrive as a Property Underwriter, and why are they important?

To excel as a Property Underwriter, you need strong analytical abilities, attention to detail, and a solid understanding of risk assessment, typically supported by a degree in finance, business, or a related field. Familiarity with underwriting software, risk modeling tools, and industry certifications such as CPCU or AINS is often required. Exceptional communication, negotiation, and decision-making skills help you effectively collaborate with agents and clients. These competencies ensure accurate risk evaluation, profitable underwriting decisions, and strong client relationships in the property insurance sector.

What are some common challenges faced by Property Underwriters, and how can they be managed effectively?

Property Underwriters often encounter challenges such as accurately assessing risk for diverse property types, keeping up with regulatory changes, and balancing the need for thorough analysis with tight deadlines. Managing these challenges typically involves leveraging advanced risk assessment tools, collaborating closely with risk engineers and field inspectors, and staying updated on industry trends and local regulations. Effective communication with brokers and clients also helps underwriters make informed decisions while maintaining strong business relationships.

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

AspectProperty UnderwritingProperty Claims Adjuster
Primary RoleAssessing risk and determining policy terms for property insuranceInvestigating and settling property insurance claims
Required CredentialsInsurance licenses, underwriting certifications, sometimes a degree in finance or risk managementInsurance licenses, claims adjusting certifications, often a background in insurance or law
Work EnvironmentOffice-based, collaborating with agents and brokersFieldwork and office work, interacting with policyholders and repair professionals
Industry UsageCommon in insurance companies, brokers, and underwriting firms

Property Underwriting focuses on evaluating risks before issuing policies, while Property Claims Adjusters handle claims after a loss occurs. Both roles require insurance knowledge and licenses but serve different stages of the insurance process.

More about Property Underwriting jobs
What cities are hiring for Property Underwriting jobs? Cities with the most Property Underwriting job openings:
What states have the most Property Underwriting jobs? States with the most job openings for Property Underwriting jobs include:
What job categories do people searching Property Underwriting jobs look for? The top searched job categories for Property Underwriting jobs are:
Property Underwriting jobs near you

Underwriting Manager, Property

Markel International

Conshohocken, PA • On-site, Remote

$116K - $159K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 14 days ago

Job description

What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! The primary purpose of this position is to manage the day-to-day work activities of a group of property underwriters and underwriting support staff who are driven by a sense of hard work, and a pursuit of excellence laid out by the Markel Style. This position will work closely with the Northeast Leadership team and Product Line Leadership team to develop and execute on business and marketing strategies within an established geographic territory. Working with leadership and their team, this position will be responsible for balancing the team's workloads and maintaining appropriate staffing levels. This position requires guidance in risk selection and pricing, specifically on small to middle market property risks on both a a primary and excess basis. Underwrite new and renewal business in a profitable manner, according to authority level, and established guidelines which are in compliance with the company's underwriting philosophy. Responsible for addressing career and training needs on an individual basis. Communicate effectively and ensure team has been adequately updated on matters relating to workflow or procedural changes. Oversee the overall quality of the unit's performance and measures the underwriting team expertise through periodic audits. Reviews unusual risks. Based on complexity, determines what additional research is required. With attention to detail, prepares appraisal of risk within their delegated authority and approves risks that exceed their teams authority that remain within their delegated authority. Consults and collaborates with Regional Product Lead or PLL on course of action.

What you'll be doing:

  • Achieves customer satisfaction and service standards for all wholesale brokers assigned to team and/or self.
  • Establishes a culture of professionalism and team cohesion that everyone can be proud of.
  • Ensures team meets or exceeds set production/premium goals and departmental guidelines.
  • Identifies strengths and weaknesses in current procedures and recommends changes as needed.
  • Provides training and coaching on marketing skills and broker management.
  • Provides career planning and performance feedback to ensure proper staff development by coaching, motivating, and building bench strength; reviews and evaluates personnel performance.
  • Adheres to the rules, rates, forms, authority, and underwriting guidelines as delegated by the Product Line Leadership group.
  • Builds and maintains strong working relationships across workgroups with flexibility to change direction quickly based on business needs.
  • Maintains an understanding of assigned products, services, and solutions; initiates discussions with other workgroups as appropriate.
  • Drives change and innovation through continually seeking and implementing transformational solutions for customers and associates.

What we're looking for:

  • Bachelor's degree preferred;
  • 5-8 years of Wholesale Property Underwriting experience with a significant amount in the Small to Middle Market.
  • Demonstrated aptitude to manage people and projects with a minimum of 2+ years managing underwriters;
  • Proven ability to make sound underwriting decisions;
  • Strong organizational skills with the ability to handle multiple tasks simultaneously;
  • Ability to achieve business goals and objectives;
  • Demonstrated sales, marketing and relationship management skill
  • CPCU designation preferred.

#LI-AB

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Pay information:

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary range for the Underwriting Manager position is $116,080 - $159,610 with 30% incentive.

Who we are:

Markel Group (NYSE - MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We're all about people | We win together | We strive for better

We enjoy the everyday | We think further

What's in it for you:

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.

  • We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees' needs at all stages of life.

  • All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.

  • We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?

Choose 'Apply Now' to fill out our short application, so that we can find out more about you.

Caution: Employment scams

Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:

  • All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.

  • All legitimate communications with Markel recruiters will come from Markel.com email addresses.

We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.

Should you require any accommodation through the application process, please send an e-mail to therarecruiting@markel.com.

No agencies please.

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