GraduateSmart
GraduateSmart
$99K/yr
Average Salary
4 years
Years of Education
-3%
Job Growth
127K+
Total Jobs
Insurance Underwriters evaluate insurance applications and determine coverage terms and premiums by analyzing risk data. They work for insurance companies, banks, and specialty risk firms. Demand for specialized underwriters in cyber insurance and climate risk is surging even as automation changes lower-complexity roles.
$60K
Starting
$99K
Average
$138K
Senior
High School Diploma or GED
Foundation requirement for all pathways
Bachelor's Degree in Risk Management & Insurance
Typically 4 years
Start your career
Entry-level positions and internships
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CFP (Certified Financial Planner)
CFP Board
Series 63 (Uniform Securities Agent State Law Exam)
North American Securities Administrators Association (NASAA)
Series 7 (General Securities Representative)
Financial Industry Regulatory Authority (FINRA)
State Insurance Producer License
State Department of Insurance (varies by state)
Field
Business & Finance
Required Degree
Bachelor's Degree
Time in School
4 years
Job Demand
10-Year Job Growth
-3%
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Create free account →Federal labor-market data for Insurance Underwriter
Pay range
$60K–$138K
10th–90th percentile
Job growth
-3%
projected 2024–2034
Number of jobs
127K
in 2024
Decline
Demand expected to decrease. Projected to shrink from 127K to 123K jobs by 2034.
Typical duties
Read the full duties, work environment, and education requirements on the U.S. Bureau of Labor Statistics' Occupational Outlook Handbook. Open BLS page →
Direct match. Median $79,880; **-3% decline** (automation of underwriting). 127,000 jobs.