Personal Lines Underwriter Salary at Hanover Excess & Surplus Inc BETA
How much does a Hanover Excess & Surplus Inc Personal Lines Underwriter make?
As of April 2025, the average annual salary for a Personal Lines Underwriter at Hanover Excess & Surplus Inc is $58,081, which translates to approximately $28 per hour. Salaries for Personal Lines Underwriter at Hanover Excess & Surplus Inc typically range from $52,661 to $65,587, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Hanover Excess & Surplus Inc?
At Hanover Excess & Surplus Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
- Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
- Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
- Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
- Communicates Effectively: Effective communication is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose.
Related Jobs
Check more jobs information at Hanover Excess & Surplus Inc
| Job Title | Average Hanover Excess & Surplus Inc Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Commercial Lines Underwriter | $58,081 | $28 |
| 3 | IT Business Systems Analyst | $111,934 | $54 |
| 4 | President | $672,884 | $324 |
| 5 | IT Programmer | $49,941 | $24 |
| 6 | Manager, Claims | $100,824 | $48 |
| 7 | Personal Lines Processor | $37,274 | $18 |
| 8 | Business Development Specialist | $85,698 | $41 |
| 9 | Commercial Lines Underwriting Assistant | $75,218 | $36 |
| 10 | Underwriting Assistant | $41,504 | $20 |
| 11 | Accountant | $71,714 | $34 |
| 12 | Processor | $36,784 | $18 |
Hourly Pay at Hanover Excess & Surplus Inc
FAQ about Salary and Jobs at Hanover Excess & Surplus Inc
The average hourly pay is $28. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $65,587 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $52,661 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.