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Insurance Underwriters

Insurance underwriters compute the risk of loss, set premium rates, and write policies that cover that loss.

With the aid of computers, underwriters evaluate whether a risk is likely to result in a loss. Many factors affect their decision such as person's financial standing or the value or condition of property.

Insurance Underwriters are in the Finance career cluster and the Insurance pathway.

Quick Facts

Wages:

 Well above the statewide median

$28.90 / hour    Read more about wages

Outlook:

 Percent Growth   5.4%

Below statewide average    Read more about outlook

Education & Training:

 Bachelor's degree is common.

On the Job:

 Work Activities
  • Examine insurance applications and reports, such as medical reports and statistical studies.
  • Analyze applicant information to evaluate level of risk from various factors. Use computer software for analyses.
  • Turn down high-risk applicants or modify policy so the risk is acceptable to the insurance company.
Read more about the job

Assess your skills

Job Title Examples:

 Commercial Lines Underwriter,  Commercial Underwriter,  Personal Lines Underwriter 
See more job title examples

Source: Minnesota Department of Education, Minnesota Department of Employment and Economic Development, and CareerOneStop.