Insurance Underwriters
Job Zone 4 - Considerable preparation needed
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Median pay: $81,370/yr (U.S. national, May 2025)
Typical range nationwide (10th–90th percentile). This is a population snapshot, not a personal prediction - actual pay varies by location, employer, and experience.
Job outlook: -2.6% projected growth, 2024–2034 — declining.
About 8,200 openings per year, on average, over the decade.
Typical entry-level education: Bachelor's degree.
Source: U.S. Bureau of Labor Statistics, OEWS and Employment Projections.
• Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
• Decline excessive risks.
• Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
• Evaluate possibility of losses due to catastrophe or excessive insurance.
• Review company records to determine amount of insurance in force on single risk or group of closely related risks.
• Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe, profitable distribution of risks, using reference materials.
• Authorize reinsurance of policy when risk is high.
What's the median pay for Insurance Underwriters?
The median pay for Insurance Underwriters is $81,370 per year, per the U.S. Bureau of Labor Statistics.
What's the job outlook for Insurance Underwriters?
Employment for Insurance Underwriters is projected to change -2.6% from 2024 to 2034 - declining.
What education is typically required for Insurance Underwriters?
Typical entry-level education: Bachelor's degree.
How many job openings are there each year for Insurance Underwriters?
About 8,200 openings per year, on average, over the decade.