Career Profile
Insurance Underwriters
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
Job Opportunities
Over the next five years, an average of 18 openings per year are projected for Insurance Underwriters.
Employment Change
Employment for Insurance Underwriters is forecasted to increase on par with the regional average by 10.6% between 2023 and 2028.
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 5 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.