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Underwriting Analyst Jobs in Indiana (NOW HIRING)

Underwriting Consultant

Carmel, IN · Hybrid

$114K - $176K/yr

Establish and ensure adherence to risk appetite, risk selection, coverage analysis, underwriting guidelines and underwriting authority for assigned line(s) of business. * Create consistency in ...

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Underwriting Analyst information

See Indiana salary details

$34.3K

$64.3K

$107.1K

How much do underwriting analyst jobs pay per year?

As of Aug 9, 2026, the average yearly pay for underwriting analyst in Indiana is $64,303.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,100.00 and $71,400.00 per year, depending on experience, location, and employer.

What is the difference between Underwriting Analyst vs Underwriter?

AspectUnderwriting AnalystUnderwriter
CredentialsBachelor's degree in finance, economics, or related field; certifications like CPCU or ARM are commonSimilar educational background; certifications like CPCU or ARM are also valued
Work EnvironmentAnalyzes data, assesses risk, prepares reports, often in an office settingReviews applications, makes risk decisions, may interact with clients and agents
Industry UsageCommonly used in insurance companies, financial institutionsWidely used in insurance underwriting departments

Both roles require similar educational backgrounds and certifications, and they often work within the same industry. The Underwriting Analyst primarily focuses on data analysis and risk assessment reports, while the Underwriter makes final risk decisions and interacts directly with clients. These roles are complementary within the insurance underwriting process.

Do underwriting analysts earn good money?

Underwriting analysts typically earn a competitive salary that varies based on experience, location, and industry. Entry-level positions may start lower, but with experience and relevant certifications, such as CPCU or ARM, salaries can increase significantly. Overall, it is considered a well-paying role within the finance and insurance sectors.

What does an underwriting analyst do?

An underwriting analyst evaluates insurance applications by assessing risks, reviewing applicant information, and determining appropriate coverage and premiums. They analyze data, use underwriting guidelines, and often work with specialized software to make informed decisions that balance risk and profitability.

How much do underwriting analysts make in the US?

Underwriting analysts in the US typically earn a median annual salary of around $65,000 to $75,000, with experienced professionals earning over $85,000. Salaries vary based on location, experience, and industry, and the role often requires strong analytical skills and knowledge of insurance or financial products.

Is it hard to get a job in underwriting?

Getting a job as an underwriting analyst can be competitive, often requiring relevant education such as a degree in finance, economics, or related fields, along with strong analytical skills. Entry-level positions may be accessible with internships or certifications like the Chartered Property Casualty Underwriter (CPCU), but higher-level roles typically demand experience and specialized knowledge.

What are the key skills and qualifications needed to thrive as an underwriting analyst, and why are they important?

To thrive as an Underwriting Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field, often supported by a relevant bachelor's degree. Familiarity with risk assessment tools, financial modeling software, and industry-specific underwriting platforms is typically required. Strong communication, problem-solving, and organizational skills help you explain decisions and manage multiple cases efficiently. These skills are crucial for accurately assessing risk, making informed recommendations, and ensuring sound financial decisions for the organization.

What are the typical challenges an underwriting analyst faces when assessing complex risks, and how are these addressed within a team setting?

Underwriting Analysts often encounter challenges when evaluating complex or unconventional risks that do not fit standard models. To address these, analysts collaborate closely with senior underwriters, actuaries, and sometimes legal teams to gather additional data, discuss perspectives, and ensure informed decisions. This teamwork not only supports accurate risk assessment but also provides learning opportunities for junior analysts to grow their expertise. Regular case reviews and training sessions are common, helping analysts stay updated on industry trends and best practices.
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Infographic showing various Underwriting Analyst job openings in Indiana as of August 2026, with employment types broken down into 1% Internship, 84% Full Time, 8% Part Time, 1% Temporary, and 6% Contract. Highlights an 81% Physical, 7% Hybrid, and 12% Remote job distribution, with an average salary of $64,303 per year, or $30.9 per hour.

Associate Underwriter Analyst

MedPro Group

Fort Wayne, IN

Full-time

Re-posted yesterday


Job description

  • Provide support for MedPro Group distribution partners via phone calls, emails and faxed requests.
  • Process high volume, time sensitive transactions with a focus on accuracy and attention to detail.
  • Receive, research, document and resolve all customer inquiries/requests with accuracy and professionalism to ensure profitability and customer satisfaction.
  • Underwrite and process mid-term adjustment requests, resolve billing issues, and answer coverage related questions and price indications.
  • Work with independent distribution partners to review and gather needed information for new business submissions and renewal reviews.
  • Provide data entry, initial analysis and account set up transactions.
  • Work with distribution partners and direct customers to evaluate and process policy change requests to ensure underwriting has complete and accurate information to review.
  • Become an expert on MedPro's online application; walk distribution partners through the steps required to complete an application online.
  • Provide technical support to our regional underwriting teams.
  • Report analysis and resolution.
  • Assist with system testing and reporting for new projects.
  • Perform mass adjustments, and/or maintenance changes for special projects.
  • Complete/maintain required licensing requirements and insurance industry education.
  • Participate on teams, which develop and coordinate the implementation of new procedures, to enhance the effectiveness of customer service operations.