Insurance Underwriters
Decide whether or not to accept an application for insurance.
Quick Facts
Wages: |
Above the statewide median $37.79 / hour Read more about wages |
Outlook: |
Shrinking
Growth rate: -1.8% Read more about outlook |
Education: |
Bachelor's degree is typically required. |
On the Job: |
Typical Work Tasks
|
Job Title Examples: |
Account Underwriter Automobile and Property Underwriter Customer Service Representative See more job title examples |
This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.
Wages & Outlook
Typical Wages
Wages listed below are for a variety of experience and education levels. Make sure that you research the typical entry-level education and work experience and training requirements for this occupation.
This career pays above the statewide median wage.
Wages for Insurance Underwriters *
U S |
$29.32 | $37.38 | $49.42 |
|---|---|---|---|
Minnesota |
$30.09 | $37.79 | $48.24 |
Central Minnesota |
$27.27 | $32.39 | $40.7 |
Northeast Minnesota |
$25.57 | $28.01 | $36.57 |
Southeast Minnesota |
$30.25 | $38.55 | $51.92 |
Southwest Minnesota |
$24.94 | $26.15 | $32.14 |
Seven County Mpls-St Paul, MN |
$30.41 | $38.64 | $49.1 |
* "Low" indicates 25% of workers earn less and 75% earn more.
"Median" indicates 50% of workers earn less and 50% earn more.
"High" indicates 75% of workers earn less and 25% earn more.
Employment
In Minnesota, there are 2080 workers employed in this small career.
Where do Insurance Underwriters most often work?
- Insurance Carriers and Related Activities
- Management of Companies and Enterprises
- Credit Intermediation and Related Activities
- Administrative and Support Services
- Rental and Leasing Services
Current Demand
This career is currently in moderate demand.
Future Demand
This career is shrinking.
There will be a need for about 1462 new Insurance Underwriters to meet market demand between 2020-2030. This includes the demand due to replacement (workers leaving the occupation or retiring) as well as growth.