Financial Services · Insurance

Insurance Underwriters

Insurance underwriters review applications and assess risk to decide whether to approve or deny insurance coverage. You analyze data, make sound judgments, and work with computers daily. A bachelor's degree is the typical entry point.

Median pay
$81,370
per year
Job outlook
-3%
projected to decline
Typical education
Bachelor's degree
four-year degree
Preparation
Considerable
Job Zone 4

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What an insurance underwriter does

As an insurance underwriter, you evaluate insurance applications by gathering and analyzing information about applicants and their risk profiles. You read and interpret medical records, financial documents, and other supporting materials. You make decisions about coverage approval, denial, or modifications based on company guidelines and your assessment. You communicate your decisions clearly in writing and maintain detailed records. You may also establish relationships with agents and brokers, answer questions about policies, and stay current with industry regulations and market trends.

Core work activities

Career video courtesy of CareerOneStop.

Salary and job outlook

Insurance Underwriters earn a median of $81,370 a year, based on 2025 data from the U.S. Bureau of Labor Statistics. Pay rises with experience, specialty, and location.

Lowest 10%$55,530
Median$81,370
Highest 10%$145,160

The outlook is softer here. Employment is projected to fall 3 percent from 2024 to 2034, though there are still about 8,200 openings a year from turnover.

Skills and knowledge you need

Top skills

  • Reading comprehension
  • Critical thinking
  • Writing
  • Active listening
  • Speaking
  • Active learning

Knowledge areas

  • English language
  • Customer and personal service
  • Mathematics
  • Sales and marketing
  • Administrative
  • Economics and accounting

How to become an insurance underwriter

Most insurance underwriter positions require a bachelor's degree. During your studies, focus on courses in business, finance, economics, and mathematics to build foundational knowledge. Internships in insurance companies or related financial services can give you practical experience and help you understand the industry. Once hired, you will typically receive on-the-job training in your employer's specific underwriting guidelines, software systems, and procedures. Strong reading, writing, and analytical skills are essential from day one.

Most paths to this career start with a bachelor's degree in business, finance, or a related field. If you are deciding how to structure your education and timeline, Pathly can map the insurance underwriter path that fits you with your counselor to map out the steps that fit your situation.

Certifications and licensing

You do not need a license to work as an insurance underwriter, but professional certifications can strengthen your resume.

Common certifications

CORE
Chartered Property Casualty Underwriter
The Institutes
CORE
Associate in Commercial Underwriting
The Institutes
CORE
Associate in Marine Insurance Management
The Institutes
CORE
Certified Residential Underwriter - Intermediate
Mortgage Bankers Association of America
CORE
Associate Professional Risk Manager
Professional Risk Managers International Association
CORE
Associate in Risk Management
The Institutes
Certification and licensing data provided by CareerOneStop, sponsored by the U.S. Department of Labor (DOLETA) and the Minnesota Department of Employment and Economic Development (DEED).

Is this a good fit for you?

You are detail-oriented, methodical, and comfortable with structure and rules. You think critically, communicate clearly in writing, and enjoy working with data and systems to solve problems.

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Last updated July 1, 2026.

Data sources. Career details from the O*NET 30.3 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under CC BY 4.0. O*NET® is a trademark of USDOL/ETA. Salary and outlook figures from the U.S. Bureau of Labor Statistics (May 2025 wages; 2024–2034 projections), delivered via the CareerOneStop API. Certification, licensing, wage, and outlook data from CareerOneStop, sponsored by USDOL/ETA and the Minnesota Department of Employment and Economic Development (DEED).