Training Requirements for Insurance Underwriters

Insurance underwriters need a bachelor's degree and moderate-term on-the-job training.

Degrees for Insurance underwriters
Percent
Less than High School 0.6
High School 13.9
Some College 19.8
Associates Degree 8.5
Bachelors Degree 46.8
Masters Degree 8.4
Doctorate or Professional Degree 2.0

Employment Outlook for Insurance Underwriters

This represents about 103,000 people in the United States.

Over the next 10 years there will be aproximately 11,000 less insurance underwriters but, because of expected growth and replacement needs in the United States, we will need 19,000 more.

Typical Income for Insurance Underwriters

Hourly Income

On average,insurance underwriters make $36.29 per hour.

Bottom 10% Bottom 25% Median Top 75% Top 90%
Insurance underwriters $19.31 $24.66 $32.54 $44.12 $58.38
Business and financial operations occupations $17.74 $23.78 $31.99 $43.47 $58.13
Financial specialists $18.61 $24.76 $33.07 $45.64 $63.36
Financial analysts and advisors $21.49 $28.27 $38.91 $57.59 $94.91
National Average $9.27 $11.60 $17.81 $28.92 $45.45

Annual Salaries

On average, insurance underwriters make $75,480 per year.

Bottom 10% Bottom 25% Median Top 75% Top 90%
Insurance underwriters $40,160 $51,290 $67,680 $91,780 $121,430
Business and financial operations occupations $36,910 $49,460 $66,530 $90,410 $120,910
Financial specialists $38,700 $51,510 $68,780 $94,940 $131,800
Financial analysts and advisors $44,690 $58,800 $80,940 $119,780 $197,410
National Average $19,290 $24,140 $37,040 $60,150 $94,540

This data is from the U.S. Bureau of Labor Statistics, Occupational Employment Statistics

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