What is the salary of a Insurance Underwriter?

The typical salary range is $55,916 - $111,832 per year.

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Which studies lead to becoming a Insurance Underwriter?

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Finance & LegalDeclining

Insurance Underwriter

Mid-level

Also known as: Account Manager Underwriter, Account Underwriter, Automobile and Property Underwriter, Bond Underwriter

Finance & LegalBachelor's Degree

Job Description

As an Insurance Underwriter, you'll review applications for insurance to evaluate the degree of risk involved and decide whether to accept them. This involves deep analysis and critical thinking, often using digital tools like email and phones. You'll spend most of your time indoors, sitting at a desk, communicating with others and working under time pressure. This career suits someone who is skilled at reading comprehension, active listening, writing, and problem-solving.

InsuranceUnderwritingRisk ManagementActuarial ScienceFinanceBusinessAnalyticsAnalysisBusiness Administration

A Day in the Life

You step into the cool, climate-controlled office in downtown Dallas, the scent of coffee already wafting from the breakroom. Your monitor hums to life as you log into Outlook, checking for urgent emails from agents before diving into the company’s underwriting portal. A quick glance at your task list in Microsoft Teams reminds you of the pile of applications awaiting your expert review today. Another busy day evaluating risk is about to begin.

Skills employers are looking for in 2027

Software and technologies flagged by O*NET as Hot or In-Demand for this role.

Hot technologies

C++Microsoft Access Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft Windows Microsoft Word

In-demand software

Microsoft ExcelMicrosoft Office softwareMicrosoft OutlookMicrosoft PowerPoint

Job Outlook 2025-2035

Projected growth

-3.8%

US average: +3.5%

Job openings

6,800

per year (US)

Jobs today

125,600

in 2025 → 120,800 (2035)

Typical entry education

Bachelor's degree

Source: U.S. Bureau of Labor Statistics, Employment Projections; O*NET Bright Outlook. Read the BLS Occupational Outlook Handbook

Work Environment

How this work is typically performed, based on O*NET work context data.

Email & digital communication

High

Working in a team

High

Contact with others

High

Freedom to make decisions

High

Time pressure

High

Time spent sitting

High

Working outdoors

Low

Indoor, climate-controlled

High

Dealing with customers

Moderate

Level of competition

Moderate

Source: O*NET Work Context (v31.0)

Future Perspective

Declining Job Market

The overall outlook for Insurance Underwriters is projected to decline by 3.8% through 2035. However, there will still be about 6,800 openings each year due to people leaving the occupation. The median annual wage for this role is $81,370. With experience, you could advance to roles such as Senior Underwriter, Risk Manager, or Underwriting Manager.

Career ladder

Often before this role

Claims Adjuster
Insurance Sales Agent
Financial Clerk

Insurance Underwriter

Where it can lead

Senior Underwriter
Risk Manager
Underwriting Manager

Impact of AI on this Job

AI will significantly impact insurance underwriters by automating routine data analysis, risk assessment, and policy generation. This will allow underwriters to focus on complex cases, customer relationships, and strategic decision-making, shifting their role towards oversight and advanced analytical interpretation rather than manual processing of straightforward applications.

Salary

$81,370

Median annual wage, BLS 2025

Required Education

Bachelor's Degree

Minimum educational requirement for this position