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Insurance underwriters are most often employed by the Insurance carriers & related activities industry. The average yearly wage for Insurance underwriters was $73,502 in 2016. The top 3 most similar occupations to Insurance underwriters by wage are Accountants & auditors, Network & computer systems administrators and Other Computer Occupations. Insurance underwriters are part of the Business & financial operations occupations category, along with Agents & business managers of artists, performers, & athletes; Buyers & purchasing agents, farm products; Wholesale & retail buyers, except farm products; Purchasing agents, except wholesale, retail, & farm products; Claims adjusters, appraisers, examiners, & investigators; and Compliance officers.
The top 3 locations that employ the most Insurance underwriters are McLean County PUMA, IL, Dane County (East) PUMA, WI and West Hartford, Farmington, Simsbury, Bloomfield, Avon & Canton Towns PUMA, CT. The top 3 locations with a relatively high concentration of Insurance underwriters are McLean County PUMA, IL, Columbus (Far Northwest), Dublin & Hilliard (North) Cities PUMA, OH and West Hartford, Farmington, Simsbury, Bloomfield, Avon & Canton Towns PUMA, CT.
Information on the businesses and industries that employ Insurance underwriters and on wages and locations for those in the field. Insurance carriers & related activities is the industry that employs the most Insurance underwriters, both by share and by number, though the highest paid industry for Insurance underwriters, by average wage, is Real estate. Insurance underwriters are paid most in Stratford, Shelton, Trumbull, Newtown & Monroe Towns PUMA, CT but are relatively concentrated in McLean County PUMA, IL.
Demographic information on Insurance underwriters in the US. The average age of male Insurance underwriters in the workforce is 41.6 and of female Insurance underwriters is 44.4, and the most common race/ethnicity for Insurance underwriters is White.
Data on higher education choices for Insurance underwriters from The Department of Education and Census Bureau. The most common major for Insurance underwriters is Business but a relatively high number of Insurance underwriters hold a major in Agriculture.
Data on the critical and distinctive skills necessary for Insurance underwriters from the Bureau of Labor Statistics. Insurance underwriters need many skills, but most especially Active Listening, Judgment and Decision Making, and Writing. The revealed comparative advantage (RCA) shows that Insurance underwriters need more than the average amount of Judgment and Decision Making, Writing, and Operations Analysis.
Projections on wages and job growth for Insurance underwriters from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Insurance underwriters are expected to see a growth of -5.2% over the same period. This occupation is expected to grow slower than the national average.
