Career Profile Insurance Underwriters Education Bachelor's This is the typical education required for an entry-level position. Earnings $61,300 This is the typical median salary earned for an entry-level position. Insurance underwriters evaluate insurance applications and decide whether to provide insurance, and under what terms. General Information Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications. Watch a brief video about this occupation. Watch Video Insurance Underwriters Occupational Outlook For the Rural Capital Area 18 Job Opportunities Over the next five years, an average of 18 openings per year are projected for Insurance Underwriters. +10.6% Employment Change Employment for Insurance Underwriters is forecasted to increase on par with the regional average by 10.6% between 2023 and 2028. $29.49 Earnings Potential An average worker in this occupation is paid $29.49/hour. Entry level workers are paid $21.25, while experienced workers are paid $38.98. The median wage is above average regional wages across occupations. Local Employment Opportunities There are 174 Insurance Underwriters in the RCA region. By 2028 this number could reach 192. Top Employing Industries, Locally The top industries employing Insurance Underwriters are Agencies, Brokerages, and Other Insurance Related Activities, Insurance Carriers, and Nondepository Credit Intermediation. Knowledge Areas The top most significant knowledge categories for Insurance Underwriters include English Language, Customer and Personal Service, and Mathematics. Educational Attainment Patterns The most common level of education for Insurance Underwriters is Bachelor's. 83% of people employed in these roles have some form of college degree. Sources: BLS JobsEQ® ONET
