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Underwriting Development Program Jobs in Chicago, IL

AIG

Underwriting Support Specialist

Chicago, IL

$65K - $72K/yr

That is why we created our Total Rewards Program, a comprehensive benefits package that extends ... We invest in our largest asset, our people, through continuous learning and development, in a ...

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All JobsUnderwriting Development Program JobsUnderwriting Development Program Jobs in Chicago, IL

Underwriting Development Program information

See Chicago, IL salary details

$33.5K

$81.3K

$143.7K

How much do underwriting development program jobs pay per year?

As of Jun 21, 2026, the average yearly pay for underwriting development program in Chicago, IL is $81,256.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,800.00 and $89,600.00 per year, depending on experience, location, and employer.

What is the difference between Underwriting Development Program vs Underwriter?

AspectUnderwriting Development ProgramUnderwriter
CredentialsTypically requires a bachelor's degree, sometimes a relevant certificationRequires a bachelor's degree; certifications like CPCU are common
Work EnvironmentTraining-focused, rotational assignments, mentorshipOperational, decision-making, risk assessment
Industry UsageUsed for entry-level training programs in insurance companiesFull-time role responsible for evaluating insurance applications
Comparison IntentIntroductory training vs. full underwriting role

The Underwriting Development Program is designed to train and develop future underwriters through structured rotations and mentorship. In contrast, an Underwriter is a fully responsible professional who evaluates insurance applications independently. The program prepares candidates for a career as an underwriter, who then performs the core risk assessment and decision-making tasks within the insurance industry.

What is an Underwriting Development Program?

An Underwriting Development Program is a structured training initiative offered by insurance companies to help early-career professionals learn the fundamentals of underwriting. Participants gain hands-on experience evaluating risks, determining policy terms, and making pricing decisions under the guidance of experienced underwriters. The program typically includes classroom learning, mentorship, and real-world assignments across different business lines. Upon completion, graduates are often prepared to take on entry-level underwriting roles with greater responsibility and expertise.

What kind of training and mentorship can participants expect in an Underwriting Development Program?

Participants in an Underwriting Development Program typically receive a blend of classroom-based learning, on-the-job training, and mentorship from experienced underwriters. You can expect to rotate through different lines of business, attend workshops on risk assessment and policy analysis, and work closely with senior team members who provide guidance and feedback. Many programs also offer networking opportunities and regular performance reviews to support your professional growth. This structure helps new underwriters build a strong foundation and prepares them for increasing responsibilities within the organization.

What are the key skills and qualifications needed to thrive in an Underwriting Development Program, and why are they important?

To thrive in an Underwriting Development Program, you generally need a bachelor's degree (often in finance, business, or a related field), strong analytical abilities, and attention to detail. Familiarity with underwriting software, risk assessment tools, and Microsoft Excel is often required, and some programs may prefer candidates with industry certifications such as CPCU. Excellent communication, critical thinking, and teamwork skills help you collaborate effectively and explain complex decisions to clients and colleagues. These competencies ensure accurate risk evaluation, sound decision-making, and professional growth within the insurance industry.
What are popular job titles related to Underwriting Development Program jobs in Chicago, IL? For Underwriting Development Program jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Underwriting Development Program jobs in Chicago, IL look for? The top searched job categories for Underwriting Development Program jobs in Chicago, IL are:
Underwriting Development Program jobs near you
Infographic showing various Underwriting Development Program job openings in Chicago, IL 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 $81,256 per year, or $39.1 per hour.
Commercial Lines Underwriting Assistant

Commercial Lines Underwriting Assistant

First Chicago Insurance

Chicago, IL • On-site

$18 - $24/hr

Full-time

Medical, Dental, Retirement, PTO

Posted 10 days ago

First Chicago Insurance rating

5.7

Company rating: 5.7 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

248th of 261 rated insurance

Job description

Launch Your Insurance Career with a Growing Organization!

First Chicago Insurance Company is seeking a motivated, customer-focused professional to join our Commercial Lines Underwriting team at our Bedford Park headquarters, conveniently located just one mile south of Midway Airport.

If you enjoy working in a fast-paced environment, have strong attention to detail, and take pride in delivering exceptional customer service, this may be the perfect opportunity for you. Whether you're looking to build a long-term career in insurance or expand your underwriting knowledge, you'll gain valuable exposure to commercial insurance operations while working alongside experienced industry professionals.

At First Chicago Insurance Company, you'll have the opportunity to contribute to a growing organization, develop your professional skills, and play an important role in supporting our underwriting operations and agency partners.


What You'll Do

DUTIES & RESPONSIBILITIES:

  • Assist the Underwriting Unit as required for new business, endorsement, and renewal processes.
  • Provide a high level of customer service by delivering timely responses to agents/policyholders on quotes, endorsements, and renewals.
  • Develop a basic understanding of coverages, exposures, rating plans, and state requirements.
  • Enter new business policies, endorsements, and renewals.
  • Order reports and assimilate information as required to support the underwriting process.
  • Work on special projects as directed.
  • Awareness of market conditions, company programs, and competitor products.

What We're Looking For

Required:

  • Prior customer service experience.
  • Excellent communication, interpersonal, and organizational skills.
  • Good typing/data entry skills.
  • Excellent knowledge of Microsoft Excel and Word.

Preferred:

  • Related insurance industry and customer service experience.
  • Knowledge of the Property & Casualty Insurance Industry.
  • Solid written and oral communication skills.

Why Join First Chicago Insurance Company?

  • Opportunity to grow your career within the insurance industry
  • Gain exposure to Commercial Lines Underwriting operations
  • Work alongside experienced insurance professionals
  • Collaborative and supportive team environment
  • Convenient Bedford Park location near Midway Airport
  • Join a growing organization committed to innovation and customer service

First Chicago Insurance Company provides a competitive benefits package to all full- time employees. Following are some of the perks First Chicago employees receive:

  • Competitive Salaries
  • Commitment to your Training & Development
  • Medical and Dental
  • Telemedicine Benefit
  • 401k with a generous company match
  • Paid Time Off and Paid Holidays
  • Tuition Reimbursement Training Programs
  • Wellness Program
  • Fun company sponsored events
  • And so much more!

If you're ready to take the next step in your career and become part of a team that values growth, professionalism, and service excellence, we'd love to hear from you.

Estimated Compensation Range: $18/hr-$24/hr*

*Published ranges are estimates. Offered compensation will be based on experience, skills, education, certifications, and geographic location.

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