Business & Finance Alaska (AK) Rank #5 of 50

Insurance Underwriter Salary in Alaska

The median insurance underwriter salary in Alaska is $96,546 per year, which is 24.0% above the national median of $77,860.

Median Salary
$96,546
vs National
+$18,686
State Rank
#5 of 50
Cost of Living
124%

Insurance Underwriter Salary in Alaska by Experience

In Alaska, an entry-level insurance underwriter earns around $62,000, while experienced professionals earn up to $142,600 per year. The cost of living index in Alaska is 124% of the national average.

Entry Level (0-2 yrs)
$62,000
+$12,000 vs national
Mid Level (3-7 yrs)
$96,720
+$18,720 vs national
Senior Level (8+ yrs)
$142,600
+$27,600 vs national

Salary Percentiles in Alaska

Percentile AK Salary
10th Percentile $60,264
25th Percentile $75,888
Median (50th) $96,546
75th Percentile $124,000
90th Percentile $156,736

Major Cities for Insurance Underwriters in Alaska

The largest employment areas for insurance underwriters in Alaska include Anchorage, Fairbanks, Juneau, and Sitka. Salaries in major metro areas may be higher due to increased demand and cost of living.

Anchorage, AK
Metro area for insurance underwriter employment
Fairbanks, AK
Metro area for insurance underwriter employment
Juneau, AK
Metro area for insurance underwriter employment
Sitka, AK
Metro area for insurance underwriter employment
Wasilla, AK
Metro area for insurance underwriter employment

How to Become a Insurance Underwriter in Alaska

Education

Most insurance underwriter positions require a bachelor's degree. Alaska has several accredited institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Alaska

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Alaska's demand may vary based on local industry trends.