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Insurance Underwriters

General Information

Description

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Business Breakdown

People in this career work in these sectors.

  1. Private, for profit93.61%
  2. Private, not for profit2.98%
  3. State and local government2.05%
  4. Self-employed0.92%
  5. Federal government0.42%

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Finance

Job Outlook

Employment of insurance underwriters is projected to decline 4 percent from 2021 to 2031. Despite decliningemployment, about 8,400 openings for insurance underwriters are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.

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Job Outlook

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Employment of insurance underwriters is projected to decline 4 percent from 2021 to 2031. Despite decliningemployment, about 8,400 openings for insurance underwriters are projected each year, on average, over the decade. All of those openings are expected to result from the need to replace workers who transfer to other occupations or exit the labor force, such as to retire.

Similar Careers

No Information for this section

Salary

Average Salary

Salary

$76,390

State-by-state Salary

Gray states indicate no data available

$103,670
$30,780
No Information for this section

Education

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 70%
  • High school 10%
  • Associate's degree 10%
  • Some college 6%
  • Post baccalaureate 3%
  • Master's degree 0%
  • Doctoral degree 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%
  • Post-secondary certificate 0%

Related College Majors

Select major to see colleges that offer it

Knowledge

  • Customer and Personal Service
  • Mathematics
  • English Language
  • Sales and Marketing
  • Administrative

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership
No Information for this section

* Military pay may be higher based on specialty pays or bonuses. Learn more about Military benefits.

Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.