What Are The Training Requirements for Insurance Underwriters?

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

Degrees for Insurance underwriters
Typical education of 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

What Is the Employment Outlook for Insurance Underwriters?

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.

This career includes 103,000 people in the United States.

How Much Do Insurance Underwriters Make?

On average, insurance underwriters make $36.29 per hour or $75,480 per year in the United States.

What Is the Typical Hourly Income for Insurance Underwriters?

Hourly income for Insurance underwriters in the United States compared with other, similar careers.
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

What Is the Typical Annual Salary for Insurance Underwriters?

Annual salary for Insurance underwriters in the United States compared with other, similar careers.
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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