FAQ

What does an underwriter do in an insurance company

what insurers do

Insurance underwriters evaluate insurance applications and decide whether to provide insurance and under what terms.

work environment

Insurance underwriters work indoors. most work full time.

how to become an insurance underwriter

Insurance underwriters generally need a bachelor’s degree to enter the occupation. however, insurance-related work experience and strong computer skills may suffice for some positions. certification is generally required for advancement to senior underwriter and underwriter manager positions.

pay

Median annual salary for insurance underwriters was $76,390 as of May 2021.

job outlook

employment of insurance underwriters is projected to decline 4% between 2021 and 2031.

Despite the decline in employment, about 8,400 openings are projected for insurance underwriters each year, on average, for the decade. All of those vacancies are expected to result from the need to replace workers who transfer to other occupations or who leave the workforce, for example, to retire.

status & area data

Explore employment and salary resources by state and area for insurance underwriters.

similar occupations

Compare the job duties, education, job growth, and salary of insurance underwriters with similar occupations.

more information, including links to o*net

Learn more about insurance underwriters by visiting additional resources, including o*net, a source on key worker and occupation characteristics.

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