Career Profile

Insurance Underwriter

Education Bachelor's
This is the typical education required for this occupation.
Earnings $73,800
This is the median salary for this occupation.

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.

Insurance Underwriter

Occupational Outlook

For the Rural Capital Area

50

Job Opportunities

Over the next five years, an average of 50 openings per year are projected for Insurance Underwriter.

+35.3%

Employment Change

Employment for Insurance Underwriter is forecasted to increase significantly more than the regional average by 35.3% between 2025 and 2030.

$35.50

Earnings Potential

The typical worker in this occupation is paid $35.50/hour. Entry level workers are paid $22.65, while experienced workers are paid $46.15. The median wage is significantly above the wage across all occupations.

Local Employment Opportunities

There are 343 Insurance Underwriter in the Rural Capital Area region. By 2030 this number could reach 464.

Top Employing Industries, Locally

The top industries employing Insurance Underwriter are Nondepository Credit Intermediation, Agencies, Brokerages, and Other Insurance Related Activities, and Depository Credit Intermediation.

Knowledge Areas

The top most significant knowledge categories for Insurance Underwriter include Customer and Personal Service, Mathematics, and Sales and Marketing.

Educational Attainment Patterns

The most common level of education for Insurance Underwriter is Bachelor's. 69% of people employed in these roles have some form of college degree.